SOLD- $10.00 – 1864 NGC AU55

1864_10_N551.jpg
1864_10_N551.jpg
sold out

SOLD- $10.00 – 1864 NGC AU55

32,500.00

Serial Number 2051948-007

PCGS Lookup Number 8639

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In the popular Civil War series, the 1863 is clearly the rarest eagle struck at the Philadelphia mint. The next rarest is the 1864; not the 1865 as some writers have stated. There are around four dozen known from an original mintage of just 3,530 and it is likely that fewer than 10 exist in the various AU grades. PCGS has graded an MS60 and an MS61 and I have not seen either coin; it is unknown as to whether or not either is really a “new” coin.

This example is fresh to the market, having been recently uncovered in Europe. It shows light, even wear and there is a considerable amount of frosty luster on both sides. The color is a natural medium orange-gold while the surfaces are much less abraded than usual for the issue. This is the first 1864 eagle I have seen in close to a decade which actually had good eye appeal and I like it more than any of the higher grade pieces which have traded in recent years.

A PCGS AU55 (ex Bass) sold for a record $41,125 as Stacks Bowers 10/14: 10222. I wasn’t crazy about the coin and certainly didn’t like it as much as the new owner must have. An inferior quality NGC AU55 with numerous detracting marks and questionable color sold for $28,200 as Heritage 1/14: 6878. Prior to these two coins, a full decade had passed since the last AU55 eagle was available to collectors va public auction.

This is among the more exciting Liberty Head eagles which I’ve been able to offer in quite a while. It is most likely in the Condition Census and many years will pass before a comparable or superior example becomes available to collectors.