SOLD - $20.00 - 1859-S PCGS MS61
SOLD - $20.00 - 1859-S PCGS MS61
Date…….1859-S
Grade…….PCGS MS61
PCGS Price Guide.…………17500
Population (PCGS).…….…..27/20
Population (NGC)..………….11/7
Serial Number……8928.61/35966909
PCGS Lookup Number.…….8928
SCARCE PCGS MS61 1859-S DOUBLE EAGLE
Most of the 1859-S double eagles from hoards have been in the AU grades, and Uncirculated examples remain scarce. In MS62, the 1859-S is still very scarce, while MS63s are likely unique - with the one coin graded by PCGS having sold for $99,000 as Heritage 5/2023: 3282.
This green-gold example has a natural appearance and it is less abraded than what is typical for this date. The luster is slightly subdued and this is also typical for this date. A small horizontal scuff on the chin of Liberty will, no doubt, appear to be worse in the accompanying image(s) than on the actual coin.
Just two PCGS MS61 1859-S double eagles have been sold at auction since the middle of 2018. One brought $14,400 as Stack’s Bowers 2022 ANA: 3419, while the other sold for $9,900 in the Heritage May 2020; it was very low-end, hence the low price.
With the last two 1859-S $20s in PCGS MS62 having sold for over $20,000 at auction, this solid MS61 is a good value, in my opinion.
