Lot 1633
1864-S. NGC graded MS-64. As Walter Breen stated in his 1988 Encyclopedia, "Prohibitively rare Unc." under 1864-S. That is absolutely correct, only 3 coins have been graded as mint state (at most) by NGC and PCGS. First, the Eliasberg coin, graded MS-66 by Bowers and Merena in that sale, now graded MS-68 by NGC is far and away the finest known. Next is this coin, as MS-64, nearly a full gem and a beautiful coin in all respects. Next is a coin graded MS-63 by PCGS (perhaps this coin?) which we haven't seen. There are no other mint state coins reported. Furthermore, there is only one coin graded AU-55 by each service, and only a single coin beneath that grading EF-40. Perhaps that will give the numismatist some idea of just how rare this date is in high grade. Apparently most of the original mintage was lost, melted or spent down to very low grades. There simply are very few survivors in any grade above Very Fine. To secure a mint state example may take years, perhaps a lifetime before one turns up. Thus, we implore you to consider buying this coin if you think you will ever want to own it. Once it is sold, it may be gone for decades.
This one is sharply struck, and has lovely gray toning on both sides, and flashy luster. Trivial handling marks on both sides, none deep or offensive and this is a beautiful example of this nearly impossible date to locate.
Estimated Value $17,500-UP.
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| Realized $21,850 |
