S.S. Republic shipwreck - Gail Gulch Collection - Heritage 1/2012:5043, $115,000
David Akers (1975/88): The 1864-S is quite rare by S-Mint standards and is on the second level of rarity along with such other dates as the 1854-S, 1860-S, 1861-S, 1862-S, 1866-S Motto, 1867-S and 1868-S. Strictly graded AU specimens are decidedly rare and true mint state pieces are very rare. If a choice or gem uncirculated 1864-S exists, I have not seen it.
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