1863-S Liberty Head Eagle. AU-50 (PCGS). An attractive and sharp survivor from this issue with significant satiny luster glowing from the protected areas. Minor bagmarks in the fields are commensurate with the grade and the eye appeal remains superior. Mirroring the situation with the 1862-S, the 1863-S was produced in limited numbers and suffered a high rate of attrition through circulation. However, this is actually the lower mintage and rarer of these two dates, though it remains somewhat underrated in todays market. <em>PCGS CoinFacts</em> accounts for just 40 to 60 survivors of the 1863-S from a delivery of 10,000 coins, among which this piece is near the top in terms of sharpness. In fact, it is the highest grade example we have offered from this issue since our November 2000 sale of the MS-61 Bass specimen which is tied as the finest known. The present example would fit nicely in an advanced gold cabinet.