SOLD – $20.00 – 1854-S PCGS EF45 CAC

1854S_20_P45_CAC.jpg
1854S_20_P45_CAC.jpg
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SOLD – $20.00 – 1854-S PCGS EF45 CAC

6,250.00

Serial Number 26470757

PCGS Lookup Number 8913

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The rarity of the 1854-S double eagle is not widely known outside of well-informed specialists. Population figures show that this date is available in higher grades but nearly all of these coins are from the Yankee Blade shipwreck and examples with original surfaces are rare. I have only seen two Uncirculated 1854-S that did not have matte-like surfaces from seawater exposure, and probably fewer than ten in AU grades.

This example has enough luster and body to grade AU50 but PCGS was a bit conservative with the grade on account of some small, scattered marks which are unobtrusively placed in the left obverse field and on the reverse. The color is a light yellow-gold and the strike is very sharp, especially on the obverse where a good amount of Liberty’s hair is visible.

The last PCGS EF45 to sell was Heritage 1/11: 7220 (at $4,888), but that coin was not CAC quality, and it had a conspicuous reeding mark on the obverse.

1854-S double eagles with non-seawater surfaces are not often available, and I have seen a huge upswing in demand for these in the last few years.

CAC has approved just this one example in EF45 with six finer.