SOLD – $1.00 – 1854-S PCGS MS62+ CAC

1854S_1_P62plus_CAC.jpg
1854S_1_P62plus_CAC.jpg
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SOLD – $1.00 – 1854-S PCGS MS62+ CAC

5,000.00

Serial Number 26591913

PCGS Lookup Number 7527

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This is the first year of issue for the San Francisco Mint and in addition to being the very first gold dollar from this facility, the 1854-S is also a one-year type. No gold dollars were struck in San Francisco until 1856 when the Type Two design was used; again for a single year. The 1854-S is a bit more available than one might think for a coin with a mintage of just 14,632 but it is scarce and undervalued in Uncirculated. This date is almost never seen above MS63.

This is the first year of issue for the San Francisco Mint and in addition to being the very first gold dollar from this facility, the 1854-S is also a one-year type. No gold dollars were struck in San Francisco until 1856 when the Type Two design was used; again for a single year. The 1854-S is a bit more available than one might think for a coin with a mintage of just 14,632 but it is scarce and undervalued in Uncirculated. This date is almost never seen above MS63.

As is typical for the issue, this piece is well struck. It shows good luster with a soft green-gold and rose overtone. There are a few small marks on the obverse while the reverse is very choice and it would grade at least an MS63 on its own.

The last PCGS MS62 to sell at auction was Heritage 12/11: 4369 that realized $4,313. There has been no PCGS MS63 sold at auction since November 1993(!) and only one NGC MS63 since late 2003. The present example is the only MS62+ to have been graded by PCGS as of 11/11.

I have always been a big fan of this date due to its numismatic significance and I think it is one of the most undervalued gold dollars of any date, mint or type.

CAC has approved two in MS62 and two finer. This example is the only MS62+ to have been approved.

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