SOLD – $10.00 – 1870 NGC EF45

1870_10_N45.jpg
1870_10_N45.jpg
sold out

SOLD – $10.00 – 1870 NGC EF45

2,150.00

Serial Number 1820058-012

PCGS Lookup Number 8657

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Despite a low mintage of 3,990 business strikes, the 1870 is a curiously underappreciated issue. There are likely fewer than 100 known with most in the VF-EF range. I am never personally seen an Uncirculated 1870 eagle and most of the AU’s I am aware of grade in the 50-55 range.

This example has a nice natural appearance with medium reddish-gold color which deepens towards the borders. The surfaces show typical abrasions with the most noticeable being a curved bagmark from outside of the second star up to star three. Some luster can be seen on either side.

There have been four different examples in this grade sold at auction since the summer of 2010. These range from a low of $1,840 to a high of $2,530.

The price level of this date is lumped with the more common 1868 and, in my opinion, a nice EF example should by rights by a $3,500+ coin.