ON HOLD - $10.00 - 1854-S PCGS MS61 CAC

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sold out

ON HOLD - $10.00 - 1854-S PCGS MS61 CAC

20,500.00

Date…….1854-S
Grade…….PCGS MS61 CAC
PCGS Price Guide……...18500
Population (PCGS)…….4/1
Population (NGC)……....1/2
Population (CAC)…….…1/0
Serial Number…….8222.58/36111176
PCGS Lookup Number…….8222

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POSSIBLE FINEST KNOWN 1854-S EAGLE, PCGS/CAC MS61

The 1854-S is an historically significant issue as it is the first $10 gold piece struck at the newly-opened San Francisco mint. It is common in AU55, and it has become somewhat available in AU58 due to an overseas hoard which has entered the market in the last two+ years. But this date is extremely rare in Uncirculated with just three or four known to me. The current example isn’t the highest graded (that honor belongs to a PCGS MS62) but it is by far the nicest 1854-S eagle I have seen.

This piece has an appearance unlike any other 1854-S eagle. It wasn’t stored in an overseas vault and it is lightly toned with crisp natural yellow-gold and rich orange hues over exceptionally frosty surfaces. To the naked eye, this coin looks like an MS63 or an MS64 but if tilted towards a light source, there are a few light lines on the obverse. These are not from cleaning but from friction in an envelope or a cabinet. The strike is exceptional with absolutely no weakness and the overall eye appeal is better than all but a handful of No Motto San Francisco eagles I have seen (nearly all of which were shipwreck coins).

The only Uncirculated 1854-S eagle graded by PCGS to have ever sold at auction was an MS62 which brought $35,250 as Heritage 1/16: 5618. I studied that coin very closely at auction viewing and came away disappointed. In fact, I like this PCGS MS61 far more. I sold the only other PCGS/CAC MS61 to a prominent Eastern specialist and that coin is not likely to become available for many years.

This is an extremely important San Francisco eagle which is not likely to be improved upon. If you specialize in Liberty Head eagles or if your interest lie in Gold Rush numismatics, this piece will prove to be a magnetic draw to you.

CAC has approved two in this grade with none finer.