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    Description

    1877 Ten Dollar, MS60
    Only Three Mint State Survivors
    Blatantly Prooflike, Ultra-Low Mintage

    1877 $10 MS60 PCGS. The Philadelphia Mint continued a trend in 1877 that began in 1875: the output of only a few hundred ten dollar gold coins per year. Specifically, that total amounted to 797 circulation strikes in 1877. This issue is nearly as rare as the 1876, while the 1875 is still the hands-down key. PCGS pegs the estimated survivorship of the 1877 at only 50 to 65 coins, almost all of which are in circulated grades. In his Analysis of Auction Records (1980), David Akers called the 1877 "one of the rarest, lowest mintage dates in the entire series," and noted that he had only ever seen one piece that qualified as Uncirculated: "[It] is by far the finest I have seen or heard of." In their gold Encyclopedia (2008), Garrett and Guth accentuate the rarity of this issue in Uncirculated condition: "There's a brick wall separating the circulated pieces from their Mint State counterparts."

    Today, just three 1877 eagles have been certified Mint State, including this MS60 coin and a pair of MS61s -- all PCGS-certified. This piece is the CoinFacts plate coin. One of the MS61 pieces last appeared at auction more than a decade ago (Goldbergs, 2/2007), when it realized $42,550. The other MS61 coin last appeared at auction more than three years ago (Stack's, 3/2015), when it realized $64,625. Simply put: an Uncirculated 1877 Liberty ten is an incredibly difficult issue to acquire.

    This coin is fully prooflike and displays a razor-sharp strike. Deep orange-gold and tangerine color adorns each side, save for on the obverse portrait where rose-gold patina prevails. Scattered marks in the fields define the MS60 grade, but they are surprisingly unobtrusive. A case could be made for this to be the most eye-appealing 1877 Liberty ten known in Mint State. Population: 1 in 60, 3 finer (3/19).(Registry values: N7079) (NGC ID# 265F, PCGS# 8677)

    Weight: 16.72 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    April, 2019
    25th-28th Thursday-Sunday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 336

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    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
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