1860-S Liberty Head Double Eagle. AU-58 (PCGS). CAC.Richly colored surfaces are undeniably original in preservation. Both sides display bountiful mint luster throughout and are sharply struck with minimal abrasions for the assigned grade. Federal records indicate that 544,950 double eagles were coined in the San Francisco Mint during 1860. We estimate that 1,500 to 2,500 circulated examples of the 1860-S have survived to the present time, a figure representing less than 1/2 of 1% of the original production figure. Although plentiful by Type I Liberty Head double eagle standards in circulated grades, the 1860-S is typically offered no finer than EF, although the persistent buyer should be able to acquire an AU-50 or AU-53 under normal market conditions. Near-Mint examples such as this are legitimately scarce and, given the rarity of the 1860-S in Mint State, such pieces represent a significant find for the astute gold collector.PCGS# 8931. NGC ID: 269F.From the Fairmont Collection - CAG Set.
