CONDITION CENSUS 1863-S, GRADED MS62 BY PCGS/CAC

The 1863-S was nearly impossible to find in Uncirculated grades before some pieces were found in the S.S. Brother Jonathan and S.S. Republic hoards. Today, examples are seen in the MS60 to MS61 grades but properly grades MS62's are rare and the 1863-S is very rare in MS63 and above.

This piece is almost certainly from a shipwreck although it is not designated as such by PCGS. It doesn't have the overall "grainy" or matte-like texture that many of the Bro Jo 1863-S double eagles show and this piece has a really exceptional appearance with almost no marks below nice even yellow-gold color. In fact, I can't recall having seen a nicer. more cosmetically appealing 1863-S double eagle!

The last PCGS MS62 1863-S to sell at auction was a non-CAC piece which brought $18,800. A non-CAC NGC MS62 realized $22,325 as Heritage 2014 ANA: 5707.

This remarkable coin would fit well into a world-class collection of Type One Twenties or a great set of Civil War issue gold.

CAC has approved five in this grade with just one finer (MS64).

From the Palos Verdes Collection, Part One.

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