SOLD - $10.00 - 1870 PCGS AU50 CAC

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SOLD - $10.00 - 1870 PCGS AU50 CAC

3,450.00

Date    1870
Grade    PCGS AU50 CAC
PCGS Price Guide    3250
Population (PCGS)    13/21
Population (NGC)    11/29
Population (CAC)    2/6
Serial Number    8657.50/83943296
PCGS Lookup Number    8657

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RARE 1870 EAGLE WITH CAC APPROVAL

Fewer than 100 1870 eagles exist from a mintage of only 3,990 business strikes and this date is essentially unknown in Uncirculated yet it remains curiously under-appreciated.

This very choice example is one of the few original 1870 eagles I have seen and both the obverse and the reverse show nice natural russet hues. The surfaces are far cleaner than normal for the date and they retain a good deal of luster. Some slight weakness of strike at the central obverse should not be mistaken for wear.

Only one PCGS AU50 has sold at auction since 2011 and it realized $2,938 as Stacks Bowers 2016 ANA: 3357; it was not approved by CAC.

I can think of very few more undervalued 19th century US gold coins than this!

CAC has approved 2 in this grade with 6 finer.