1854-S Gold Dollar. MS-65+ (PCGS). CAC. Delicate reddish-rose highlights mingle with dominant medium gold patina on both sides of this handsome and fully original example. Both sides lovely mint luster and razor sharp striking detail that enhances the appeal.The San Francisco Mint commenced coinage operations in 1854 with a mintage of 364,866 coins of all denominations. Reflecting commercial needs at the time, much of this output was composed of double eagles (141,468 coins). The 1854-S gold dollar, on the other hand, was produced to the extent of just 14,632 pieces. Attrition through circulation was high, and only several hundred coins are believed extant. Furthermore, most are well worn (generally VF or EF). Only 60 to 80 Mint State 1854-S gold dollars likely survive, the majority in lower grades such as MS-61 or MS-62. At the Gem level of preservation, as here, the 1854-S emerges as a significant condition rarity. For the collector specializing in early San Francisco Mint issues or California Gold Rush coinage in general, the Pogue specimen of the 1854-S would serve as a highlight in even the finest cabinet. From the D. Brent Pogue Collection. Earlier, from Heritages CSNS Signature Sale of April 2001, lot 7642; Heritages FUN Signature Sale of January 2003, lot 8383; our (Bowers and Merenas) Rarities sale of October 2004, lot 582.