LOT #4817 |
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1876 $10 AU58 PCGS. CAC....
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Sold on Jun 9, 2016 for:
$52,875.00
Bid Source: Internet bidder
Description
1876 Ten Dollar Liberty, AU58
Low-Mintage Rarity
Only Two Finer Certified
1876 $10 AU58 PCGS. CAC. The overall rarity of the 1876 ten
dollar rivals that of almost all other dates in the Liberty eagle
series, with only the 1873 and the prohibitively rare 1875 being
decisively rarer. The 1876 eagle also had a mintage of only 687
pieces, the second-lowest production total of the series, behind
only the 1875 at a paltry 100 coins. Survivors are rare in all
grades, with only 40 to 50 pieces believed extant. The sole finest
known is an NGC MS61 Prooflike coin; PCGS has also certified a Mint
State example -- an MS60 coin -- though it is unknown if this is
perhaps the same as the NGC example. Seven AU58 coins are tied for
the next finest known of the date (2 at PCGS and 5 at NGC), though
even this figure possibly includes one or more resubmissions
(4/16). The combined certified population total of 54 coins in all
grades is notably higher than the number of pieces actually
believed to exist. The Smithsonian Institution lacks an example of
this issue in business strike format. This is the only CAC-endorsed
AU58 example of this rarity, and neither of the two (or perhaps
just one) pieces certified in Mint State have been
CAC-endorsed.All known representatives of this date are moderately abraded, as virtually the entire mintage was released into circulation. Prooflike fields, or rather the remnants thereof, are the norm, as can be expected for an issue with such a low mintage. The present coin is a noticeably reflective example, with warm honey-gold patina and sharply defined motifs. Light, uniformly dispersed abrasions are observed on each side, slightly subduing the mirroring in the exposed portions of the fields, but actual wear is almost indiscernible, even with a loupe. Overall, this is an immensely appealing, original example of this With Motto Philadelphia rarity. With only one or two numerically finer representatives known, the specialist should not let this one pass by.(Registry values: N2998)
Coin Index Numbers: (NGC ID# 265C, PCGS# 8674, GSID# 9397)
Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz
Mintage: 687
Auction Info
2016 June 8 - 12 Long Beach Expo US Coins Signature Auction - Long Beach #1236 (go to Auction Home page)
Auction Dates
June, 2016
8th-12th
Wednesday-Sunday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 1,565
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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