1861-S 10C MS66 PCGS. CAC. Fortin-102, High R.4....

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Sold on Jan 7, 2015 for:

$51,700.00 Bid Source: Internet bidder

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1861-S Seated Liberty Dime, MS66
Rarely Seen in Mint State
Tied for Finest Certified

1861-S 10C MS66 PCGS. CAC. Fortin-102, High R.4. The 1861-S Seated Liberty dime was struck on the eve of the Civil War, with a small reported mintage of 172,500 pieces. While the Eastern states suffered from a shortage of coinage (due to hoarding) that led to the issuance of paper money on a large scale, the hostilities of the North versus South were thousands of miles away from the West Coast, which continued its hard-money tradition from decades previous. Most examples of this issue were released into circulation, and the typical example seen grades no better than VF35 to XF40. The 1861-S is prohibitively rare in Premium Gem condition (High R.7) with only five coins graded higher than MS63 in total at both services. This coin is tied with one other at PCGS and one at NGC for finest-certified honors (11/14). The 1861-S has experienced a quantum leap in prices realized at auction over the past year, with the MS64 PCGS example in lot 4408 of the Long Beach Signature (Heritage, 6/2014) realizing a record $41,125, only to be topped a few weeks later by Eugene Gardner's MS66 NGC example that realized $$49,937.50.

Brilliant mint luster complements delicate shades of pink and pale gold patina on each side of this delightful Premium Gem. From the comments in the literature, this coin exhibits a stronger strike than would be expected, both on Liberty's head and the denticles throughout. Some interesting die clashes are evident in the left obverse field and again on the reverse on the inside of the left wreath. Quite an appealing coin, at a minimum tied for finest graded of the issue.
Ex: Elite Coin Auction (Superior, 1/2003), lot 441.(Registry values: N1)

Coin Index Numbers: (NGC ID# 239G, PCGS# 4634, Greysheet# 4110)

Weight: 2.49 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS