LOT Old Heritage Auctions  /  2007 Summer F.U.N. Sig. Coin Auction #442  / 

2666

1850-O $10 MS60 NGC.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:10,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1850-O $10 MS60 NGC.
1850-O $10 MS60 NGC. The finest known 1850-O ten dollar is the Eliasberg coin, which currently resides in a PCGS MS65 holder. Beyond the Eliasberg specimen, high grade examples are rare in the every sense of the word and opportunities to acquire a true Mint State example of this date are far and few between. To illustrate this point, consider that as of (6/07), NGC has certified only three 1850-O eagles in MS60; there are none finer. Furthermore, PCGS has not graded a single Mint State example, other than the aforementioned MS65. Even the small hoard of 16 pieces salvaged from the <I>S.S. Republic</B></I> shipwreck failed to yield a single Uncirculated example, although a few AU58 coins were found. Thus, the 1850-O ten is a true condition rarity. The population summary provided by Garrett and Guth in their <I>Encyclopedia of U.S. Gold Coins</B></I> indicates an average grade of only 47.8 for the 225 coins graded by NGC and PCGS combined (2006). As such, the current coin provides a seldom-seen chance to obtain an 1850-O eagle that is almost certainly a Condition Census piece.<BR> The green-gold surfaces retain significant portions of mint luster and there is a noticeable overlay of reddish patina on each side. A bit softly stuck, as one would expect from a New Orleans product. A few small to medium-sized field marks are located on each side, the most obvious being on the obverse.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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