Goldberg Coins and Collectibles

Sale 75

September Pre Long Beach

$5 Liberty/No Motto
Lot Photo Description Realized
Lot 2142
1860-S. NGC graded AU-58. Mostly untoned. A still very frosty light reddish gold specimen with outstanding detail, surfaces, luster and originality. We note a small mark at the eyebrow and another below the left wing, suitable to use as provenance identifiers since these are clearly immaterial otherwise. An unusual coin to say the least since at the upper end of available specimens.

The mintage of the 1860-S was just 21,200 pieces. These were efficiently used in circulation, if by that is meant, they worked hard and long with the result that today the typical example is apt to be Very Fine at best. Walter Breen long ago, before the advancement of third-party grading databases, noted that the 1860-S is "Extremely rare EF, unobtainable above," perhaps echoing David Akers comment, "A very rare coin in any condition and, to the best of my knowledge, unknown in full Mint State." Pop 6; 1 finer in 61. (PCGS # 8287) Estimated Value $8,000 - 8,500
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Lot 2143
1861. PCGS graded AU-58+ CAC Approved. Well struck and lighytly toned, this lustrous No Motto date is one most often encountered in the $5 series. The reason traces back to the beginning of the American Civil War. With hostilities in April 1861, depositors made last minute requests for converting bullion and foreign coin deposits into coin of the realm. Mintage quickly fell off by 1863-65 in virtually all gold denominations struck in Philadelphia (PCGS # 8288) Estimated Value $700 - 750
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