1870-S $2.50 MS(PCGS#7812)

August 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2946

等级

MS62

价格

50,019

详细说明

1870-S Liberty Head Quarter Eagle. MS-62 (PCGS). OGH. Breathtakingly beautiful deep rose-gold patina flows over both sides of this lustrous, frosty and sharply struck example. In 1870, almost all of the San Francisco Mint's gold was directed toward the production of double eagles, of which nearly a million were struck. The other gold denominations were struck in quite small quantities, the most famous of which is the unique (and noncollectable) 1870-S three-dollar gold piece. Although gold coins were by far the preferred medium of exchange in the West and had been for many years, only 16,000 quarter eagles were struck at the San Francisco Mint in 1870. While a small quantity, it represents more than four times as many coined at Philadelphia that year. These San Francisco Mint coins entered circulation and were swiftly absorbed into everyday life in the West where they saw considerable use; few numismatists were around to save them. By the time interest in collecting by mintmarks took off in the 1890s, the 1870-S quarter eagle was found to be a rarity in any condition. What few remaining examples that could be found had already seen significant circulation, and most surviving pieces fall between VF and AU. Mint State examples are prohibitively rare; PCGS notes only 13 certification events for all Mint State grades, none of which reaches the Gem level. Premium quality for the assigned grade with eye appeal to spare, this captivating BU example is sure to sell for a strong bid to an astute gold collector. PCGS Population: 2; 5 finer (MS-64 finest). PCGS# 7812. NGC ID: 25KG. Click here for certification details from PCGS.