SOLD – $10.00 – 1864-S PCGS F12 CAC

1864S_10_P12_CAC.jpg
1864S_10_P12_CAC.jpg
sold out

SOLD – $10.00 – 1864-S PCGS F12 CAC

42,500.00

Serial Number 8640.12/28900754

PCGS Lookup Number 8640

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“AFFORDABLE” 1864-S EAGLE

The 1864-S is the rarest eagle struck at the San Francisco mint and it is the second rarest issue of the entire Liberty Head design after the 1875. Of the 2,500 1864S eagles produced around 25-35 are known and nearly all grade in the Fine-Very Fine range. It is a coin with multiple levels of demand as it appeals to San Francisco gold specialists, Civil War collectors and, of course, to the many people who pursue this series by date.

This fresh-to-the-market example is offered to collectors for the first time ever. It is well worn and clearly saw years of use in Western commerce yet it is wholesome and quite attractive. Both sides show natural straw-gold color with deeper hues seen at the upper obverse and the lower reverse. Some minor marks, totally consistent with grade, can be seen in the fields. LIBERTY is sharp and full while some feather detail can be seen in the wings.

The lowest grade 1864-S eagle to sell in recent years was a PCGS VF30 that brought $64,625 in Heritage’s April 2014 auction, lot 5773. I later bought it and sold it to a Midwestern collector.

Prices have risen rather dramatically for this issue in the last decade but given its rarity and it increased demand, I still see plenty of room for growth. The present example is the most “affordable” 1864-S eagle on the market and its PCGS/CAC status (not to mention its freshness) should appeal to the savvy collector.

CAC has approved this one coin in F12 with five finer for a total of six in all grades.