Lot 2323
1861-S $5 Liberty. PCGS graded AU-53. Very rare date. This rarity has light reddish gold surfaces with moderate abrasions including a small mark on the chin. Traces of luster remain around various design features. Although just About Uncirculated 53, this is one of the finer known examples. The mintage was low at 18,000 coins, and these circulated heavily in the Western states and territories. Due to the prevailing hard-money system in the American West, where paper money was neither used nor wanted, gold coins circulated through the Civil War, were not hoarded, and year by year wore ever to a large extent. This accounts for the lower average grades of San Francisco half eagles compared to those from other mints. Very few 1861-S half eagles are seen for sale. Pop 2; 1 in AU55; none finer (PCGS # 8291) .
Estimated Value $5,000 - 6,000.
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