1861 H10C MS(PCGS#4379)

The Summer 2022 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

7027

等级

MS68

价格

74,463

详细说明

Virtually Pristine 1861 Half Dime 1861 Liberty Seated Half Dime. MS-68 (PCGS). This stunning Ultra Gem really needs to be seen to be fully appreciated. Ice-white surfaces are completely untoned and allow ready appreciation of intense satin to softly frosted luster. The strike is fully executed with even the most intricate design elements crisp. A dizzying array of clash marks are seen in the fields on both sides -- these features are as struck and provide further interest for the technical numismatist. Of marks or other post-production blemishes, however, there are none that would either call into question the validity of the assigned grade or cause even the slightest distraction to the eye. Virtually pristine, in fact, and destined for inclusion in the finest type collection or Registry Set. The commencement of hostilities with the bombardment of Fort Sumter in April 1861 was followed by the appearance of the newly issued paper currency that would eventually become dominant in commercial channels in the East and Midwest throughout the Civil War and Reconstruction eras. Uncertainty over the outcome of the conflict resulted in the withdrawal of gold from circulation in the East and Midwest in December 1861. Even had gold remained in circulation, the financial needs of the Union war effort rose to such levels beginning in 1862 that gold coinage alone could not come close to the required levels. Financial elasticity was possible only by returning to a federally issued paper currency, the Demand Notes of 1861 followed by the Legal Tender or "greenback" notes of 1862. They were federal paper not seen in quantity since the American Revolution. Subsidiary silver coinage remained generally at par with the Demand Notes of 1861, which explains the sizeable mintages of half dimes, dimes, quarters and half dollars at Philadelphia in 1861 and early 1862. The Legal Tender or "greenback" notes issued in the spring of 1862, however, were not redeemable in either gold or silver and their appearance in quantity was quickly followed by the withdrawal of silver coinage from circulation in the East and Midwest after June of that year. With a mintage of 3,360,000 pieces, the 1861 was produced in greater numbers than all but a few other circulation strike Liberty Seated half dime issues. It has long been a mainstay of type collections in both circulated and Mint State grades. As with all classic U.S. Mint issues, however, there comes a grade level at which condition rarity replaces absolute availability in discussing an individual coin's primary selling points. For the circulation strike 1861 half dime, that grade level is MS-66+. In PCGS MS-68, the offered coin is tied for CC#1 and is virtually unimprovable in every way. Provenance: The primary plate coin for the issue on the PCGS CoinFactswebsite. PCGS Population: 2; 0 finer. PCGS# 4379. NGC ID: 2349. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.