SOLD – $10.00 – 1854-S NGC MS60

1854S_10_N60.jpg
1854S_10_N60.jpg
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SOLD – $10.00 – 1854-S NGC MS60

13,500.00

Serial Number 3643740-006

PCGS Lookup Number 8615

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The 1854-S eagle is a numismatically significant issue as it is the first eagle to be produced at the new San Francisco mint. Along with its counterpart the double eagle, it is the only “large size” gold coin to be struck at the new western mint in its first year of operation. Looked at as a date, the 1854-S eagle is comparatively common with probably more than 500 known in all grades but it is a condition rarity with no more than four to six accounted for in Uncirculated. The finest of these is a single PCGS MS62; I have only handled three Uncirculated pieces in my long career with the finest a PCGS/CAC MS61 which I sold to a specialist collector in 2014.

This fresh to the market example has remarkably clean surfaces for an issue which is typically seen with deep, dense abrasions. Both sides are very frosty and show lovely natural orange-gold hues with a touch of underlying greenish-gold on the obverse. The strike is sharp and there is absolutely no wear seen on the high spots. Some faint lines in the left obverse field–not from cleaning–limit the grade but the naked eye appearance resembles an MS61 to MS62.

The only MS60 1854-S eagle to ever sell at auction was an NGC coin from the S.S. Republic treasure which realized $9,085 as Superior 5/08: 123. No other Uncirculated piece in any grade has sold via public auction.

With a greater multiple level of demand than nearly any other eagle from this mint, a choice Condition Census example of the 1854-S should be a coin with continued collector appreciation for years to come.