LOT #4696 |
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1869 $10 MS61 NGC....
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Sold on Jan 10, 2019 for:
$31,200.00
Bid Source: Live: Phone bidder
Description
1869 Eagle, Contrasted MS61
Among Four or Five Mint State Survivors
1869 $10 MS61 NGC. The Mint Director's Annual Report
of 1869 explained: "More than four years have passed since the
great conflict was over, and still gold and silver are at a high
premium." There was, according to Mint Director James Pollock, "no
legitimate reason why the premium on gold should exceed ten per
centum, nor why specie payments could not be safely resumed in
three months from this date." An yet gold was valued consistently
higher than the paper money or the other forms of subsidiary
coinage found in circulation. Consequently, only 1,830 eagles were
struck in 1869. Most of them were likely sent abroad and melted. It
is doubtful more than 75 or 80 pieces survive, and this is one of
five Uncirculated representatives at both services combined.
Yellow-gold surfaces are unsurprisingly contrasted with reflective
fields and well-struck motifs. Aesthetic appeal is excellent
despite myriad grade-limiting abrasions. Census: 1 in 61, 1 finer
(11/18).(Registry values: N1)Coin Index Numbers: (NGC ID# 264R, PCGS# 8655, Greysheet# 9390)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
Auction Info
2019 January 9 - 14 FUN US Coins Signature Auction - Orlando #1291 (go to Auction Home page)
Auction Dates
January, 2019
9th-14th
Wednesday-Monday
Bids + Registered Phone Bidders: 19
Lot Tracking Activity: N/A
Page Views: 359
Buyer's Premium per Lot:
20% of the successful bid per lot.
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