Lot 1308
1877-S. PCGS graded AU-58. Untoned. Only 17,000 struck. Among eagles of this era the 1877-S is infrequently auctioned. Period. However, when examples are encountered they tend to fall far short of the presently offered About Uncirculated 58 specimen. The coin presents a pleasing appearance to the eye, some contact marks on the portrait and nearby probably not affecting the grade. We would put the luster at 60% to 70% if not slightly more, and all of it fresh, frosty. The highest graded 1877-S Eagles certified by PCGS comprise the 8 AU58 specimens in the most recent census (not a Mint State coin in sight). Presumably most, if not all, have contact marks of one sort or another but we suspect this, since it gives a splendid account of itself, could well be one of the best among the 8 pieces.
The striking is fairly sharp for a San Francisco Eagle of this decade, with the usual lightness at the highest center hair details, but with most star centers sharp, and with the eagle on the reverse better than sometimes seen. The color is a reddish gold, nicely impacted by the mint frost. For low mintage $10 gold coin specialist this will nicely answer, perhaps forever, the call for a high quality 1877-S -- unless, perchance, a choice Mint State piece were to happen along, a remote possibility. Pop 8; none finer at PCGS. (PCGS # 8679) .
Estimated Value $10,000 - 11,000.
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