Lot 3772
1858 $10 Liberty. NGC graded EF-45. One of the classic rarities of the Eagle series, the mintage plunged to 2,521 as the American economy spiraled downward following the shipwreck of the S.S. Central America in September of 1857. Many insurance companies became insolvent, with banks and all of the east thrown into a money panic. Hence, few 1858 eagles were coined, and very few were saved. Breen tossed out a guess that perhaps 12-15 survive when he wrote is epic Encyclopedia in 1988, this appears a bit low as the combined NGC and PCGS Population Reports show about 60 have been graded, and even with some duplication, there are certainly 50 out there. This is one of the better examples, the surfaces are satiny and we note luster remains in the protected areas. The surfaces show average handling marks, with none of the usual deep or annoying ones that often mar these early eagles. An affordable example of this classic rarity. The combined NGC and PCGS Population Reports show 23 graded as XF-45, 8 as AU-50, 4 as AU-53, 3 as AU-55, 1 as AU-58, 1 as MS-61 and 1 coin as MS-64 (see our last sale addendum, lot 3339).
Estimated Value $5,000 - 7,500.
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| Realized $6,038 |
