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Probable Finest Known 1873-S Eagle Recently Discovered In Europe

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CCFPress's Avatar
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 Posted 04/30/2015  4:22 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message Number of Subscribers
Stack's Bowers - Every once in a while, a previously unknown cache of coins that yields a new discovery surprises the numismatic market. Sometimes a new variety or date in a series is uncovered or the census of known examples and their grades is revised. The latter is the case for this 1873-S eagle, found in Europe in March, and now the finest certified example and quite possibly is the finest known.

Probable-Finest-Known-1873-S-Eagle-Recently-Discovered-In-Europe

The 1873-S $10 gold piece is scarce with only 12,000 examples struck for circulation, as the coiner's attention was focused on striking double eagles. Like most gold coins struck in the western branch mints, most of these slipped into commerce and became worn. This is an ultimate condition rarity, with the Uncirculated population consisting of only this newly discovered example at the MS-62 level, and a single example graded MS-61. That MS-61 has an extensive pedigree going back to our 1986 sale of the Carter Collection, eventually finding its way to the Harry W. Bass Collection, and last sold publicly in 2000.

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 Posted 04/30/2015  7:28 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Ooooooh.....I like this stuff....the older the better....

The low mintage S gold gets little respect compared to the CC's. Same gold rush.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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 Posted 04/30/2015  8:29 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
It wouldn't be surprising if, like Trade dollars from San Francisco, this one went straight to the Orient as well. Eventually landing in Europe in the holdings of a wealthy merchant family is quite believable.
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 Posted 04/30/2015  9:35 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
A lot of our gold coins went to Britain as well, where they were melted to make British sovereigns. Glad this one survived.
Luckily, for us collectors, the French and Swiss just stored most of our exported gold coins intact.
Edited by DoubleEagle20
04/30/2015 9:39 pm
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 Posted 05/01/2015  12:01 am  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
The half eagles and eagles in this period were very low mintage from all mints, in the thousands to tens of thousands from the 1860's until the late 1870's. The double eagles annual mintages were usually close to a million, representing at least 90% of the bullion coined. That's where the export volume went.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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