SOLD – $10.00 – 1859-S NGC AU58 CAC

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SOLD – $10.00 – 1859-S NGC AU58 CAC


Serial Number 1787745-001

PCGS Lookup Number 8630

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The 1859-S is likely the third rarest eagle from the San Francisco mint after the 1864-S and the 1865-S Normal Date. Of the 7,000 struck, an estimated 40-50 exist and many of these are either “no grades” or very well worn. In AU grades, I doubt if more than five or six exist and I have never seen or heard of an Uncirculated 1859-S eagle although the NGC Census shows one coin graded in MS60.

This example has been off the market for many years and it is a very solid coin for the grade with minimal light wear confined to the high spots on the obverse. There is nearly full luster (I can’t recall having seen more than one or two other 1859-S eagles with even a slight amount of luster) and the color is a nice natural light rose and orange-gold. A few small scuffs can be see with light magnification but if you compare this coin to the few others graded AU53 or AU55, it is light years ahead.

There are no APR’s for an AU58 1859-S eagle and the last AU55 to sell brought $15,525 back in 2008 when the level of popularity for this series was at a fraction of what it is today. The Simpson/Hall PCGS AU53 was valued at over $20,000 when the collection was sold in 2015.

This coin is at the very least the finest available 1859-S and it could even be the finest known. If you are putting together a set of Liberty Head eagles and you require the very best, this is the coin you thought you’d never have the chance to own.

CAC has approved three for this entire issue: an EF45, an AU50 and this coin in AU58.