LOT #4260 |
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1862-S $10 AU58 NGC....
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Sold on Feb 22, 2018 for:
$43,200.00
Bid Source: Internet bidder
Description
1862-S Eagle, Still-Lustrous AU58
Exceptional Condition Rarity
Just One Example Finer
1862-S $10 AU58 NGC. The San Francisco Mint, which opened
just eight years before this coin was struck, was established to
provide the Western regions of this country with gold and silver
coinage for circulation. Deposits from local mines were converted
into coins, which were in turn used extensively in commerce. Few,
if any, collectors concerned themselves with collecting by mintmark
at that time, and so high-grade S-mint coins from this period
seldom survived.The 1862-S eagle claims a mintage of only 12,500 pieces. About 80 examples are believed extant. This is one of the finest examples known, surpassed by a single MS61 coin that had not been seen by or known to the numismatic community prior to 2011. Indeed, this coin is finer than those in the Eliasberg, Norweb, and Bass holdings. Even the Smithsonian's coin only grades XF45. This is truly a coin of exceptional condition rarity.
Bright, frosty mint luster shines from this near-Mint peach-gold ten dollar. A trace of friction and a slightly incomplete impression result in softness on the stars and the highest points of the portrait and eagle. Marks are more prevalent on the obverse than the reverse, but they are still relatively minor. Census: 2 in 58, 0 finer (1/18).
From The Admiral Collection. (Registry values: N4719)
Coin Index Numbers: (NGC ID# 264A, PCGS# 8636, Greysheet# 9461)
Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.53oz
Mintage: 12,500
View all of [The Admiral Collection ]
Auction Info
2018 February 22 - 26 LB Expo US Coins Signature Auction - Long Beach #1272 (go to Auction Home page)
Auction Dates
February, 2018
22nd-27th
Thursday-Tuesday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 820
Buyer's Premium per Lot:
20% of the successful bid per lot.
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