1846 $10 MS(PCGS#8594)

March 2018 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

10367

等级

MS60

价格

258,387

详细说明

Exceedingly Rare Mint State 1846 Eagle Akers: "A Grossly Underrated Date" 1846 Liberty Head Eagle. MS-60 (PCGS). Offered is a highly significant Uncirculated 1846, an overlooked rarity in the early No Motto Liberty Head eagle series. Beautiful rose-orange patina blends with soft satin luster on both sides. Sharply struck throughout with uncommonly strong eye appeal for the assigned grade, this coin ranks as one of the most significant Liberty Head eagles of any issue that we have ever offered. Among the many ways in which the Vanderbilt Collection is truly remarkable is the number of Condition Census rarities that it includes, especially among underrated classic gold and silver issues. This is one of those coins. In fact, David W. Akers' description of the 1846 eagle in his analysis of auction records for ten-dollar eagles sums up the significance of both the issue as a whole and the present example: "Like the 1845, the 1846 is a grossly underrated date in this most underrated U.S. coin series. It is not easy to locate an 1846 Eagle in any condition and almost all of the relatively few known specimens are only VF or EF. No uncirculated specimen has ever been auctioned and I have never seen one in that grade. In fact, I have seen only one that I graded AU. In my opinion, few other U.S. coins are as underrated and unappreciated for their true rarity as this one and most of those are also Liberty Head Eagles." Although a few Mint State examples have surfaced since Akers penned those words in 1980 (along with six About Uncirculated coins from the treasure of the S.S. Republic), his comments about the underrated nature and overall rarity of this issue remain true. Current PCGS and NGC population data reports a combined total of just seven grading events for this issue in Mint State, a few of which are believed to represent resubmissions. We have been able to positively confirm the existence of only four different Uncirculated examples: 1 - PCGS MS-62+. Ex Simpson Collection; Ellen D Collection (PCGS Set Registry). 2 - NGC MS-62. Ex Heritage's Long Beach Signature Auction of September 2008, lot 3853; Heritage's Dallas Signature Auction of October 2008, lot 2215. 3- NGC MS-61. Ex Heritage's Long Beach Signature Sale of September 2004, lot 7661. 4 - PCGS MS-60. Ex Heritage's Long Beach Bullet Sale of June 1997, lot 704. This coin was certified MS-60 by NGC at the time of that sale, and we believe that it was not removed from that company's census after crossing into its current PCGS MS-60 holder. The present example. A leading highlight of the Vanderbilt Collection, it is unlikely that many other Mint State 1846 eagles will appear at auction in the coming decades. An important opportunity for astute gold collectors. Provenance: From the A.J. Vanderbilt Collection. Earlier from Heritage's Long Beach Bullet Sale of June 1997, lot 704; via Stack's. PCGS Population: 1; 2 finer (MS-62+ finest). PCGS# 8594. NGC ID: 262W. Click here for certification details from PCGS.