1854-S $10 MS (PCGS# 8615)

The March 2013 Baltimore Auction

  • Auctioneer:
    Stack's/Bowers
  • Lot Number:
    4258
  • Grade:
    AU53
  • Price:
    $3,819.00
Lot Description
1854-S Liberty Eagle. AU-53 (PCGS). This lovely 1854-S is attractive yellow gold overall, lustrous, and with excellent eye appeal. This example is an old friend, having been cataloged by us two generations ago. Evenly circulated but not overly marked to the unassisted eye, and sharply struck as well. A network of spidery die cracks engages the reverse legend. An elusive date in AU or finer despite its mintage of nearly 124,000 pieces; no doubt the lion's share of 1854-S eagles went immediately into circulation to try to alleviate the chronic sparsity of circulating gold coinage during the era. No example of the date has been graded finer than MS-62 by PCGS. Choice and appealing, and one of just three of the five denominations of gold coins from the opening year of the San Francisco Mint that are considered collectable; the other reasonably collectable denominations are the gold dollar and double eagle. (The 1854-S quarter eagle is known today by fewer than 15 examples, and just three 1854-S half eagles are known.)
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