1875 $10 MS (PCGS# 8672)

August 2011 Chicago ANA - Rarities Night

  • Auctioneer:
    Stack's Bowers
  • Lot Number:
  • Grade:
  • Price:
Lot Description
1875 Liberty Eagle. AU-53+ (PCGS). Secure Holder. Deep honey gold with some pale orange iridescence. Prooflike in the fields, especially on the reverse. Scattered ticks are noted but the surfaces are uniformly free of deep or distracting gouges and blemishes. A greatly prized rarity that saw a mintage of <strong><em>just 100 pieces </em></strong>struck for circulation purposes, of which perhaps a dozen, and possibly fewer, pieces are known in all grades. The <em>combined population</em> for the date from PCGS and NGC tallies a mere 14 pieces, <strong><em>none of those in mint state</em></strong>!&nbsp;Some of those 14 pieces may even represent resubmissions; for a date as rare as this, a grading point or two can make the difference between a large cash reward and&nbsp;an<em> </em>enormous&nbsp; cash reward.&nbsp;Incidentally, the mintage for the date is one of the lowest regular-issue mintage figures of any U.S. coin, copper, nickel, silver or gold intended for general circulation.&nbsp;Indeed, the date is far more rare than many better-known rarities--name one and the 1875 eagle will give it a run for the money. As a matter of fact, it is known in fewer numbers than the vaunted and well-known 1804 dollar, of which 15 are known. The 1875 eagle is a well-kept secret in numismatics, as typically&nbsp;just advanced&nbsp;eagle collectors and students of all things <em>Guide Book </em>are the only collectors widely aware of the date's rarity. The secret's out, as they say, now that this specimen is about to cross the auction block. Typically years may pass between offerings for the 1875 eagle, and unless you intend to wait years for the next specimen to come to light, you had better plan your bidding strategy now.
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