SOLD – $10.00 – 1870 PCGS AU55 CAC

1870_10_P55_CAC2.jpg
1870_10_P55_CAC2.jpg
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SOLD – $10.00 – 1870 PCGS AU55 CAC

11,500.00

Serial Number 8657.55/28723521

PCGS Lookup Number 8657

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RARE CHOICE AU 1870 EAGLE

Only 3,990 1870 eagles were struck but unlike many of its low mintage counterparts from this era, it is a bit more available than one would expect with around 90-100 known. Most 1870 eagles grade EF40 to AU50 and properly graded AU55′s are rare and not far from the end of the Condition Census. This date is unknown in Uncirculated and I doubt if more than three or four true AU58′s exist.

This coin has a wonderfully fresh appearance with rich rose and orange-gold coloration strongest at the borders. The surfaces are a blend of prooflike reflectiveness and mint frost and this must have been a spectacular coin before it entered circulation. There is not much actual wear and some scuffiness in the left obverse field is really all that separates this coin from an otherwise possible AU58 grade.

The most recent relevant auction comparable for a PCGS AU55 1870 eagles is Legend 6/15: 427 at $6,169. That coin was not CAC approved and was very scuffy.

In my opinion, it would be hard to improve on this coin.

CAC has approved three 1870 eagles in this grade with two finer (both AU58).

Ex Heritage 1/14: 6890 (as NGC/CAC AU55) where it sold for $10,575.