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1878-S $10 Liberty Head Eagle PCGS AU53 (CAC)

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SKU
41657219
Considering the low mintage and low survival rate of the 1878-S Eagle, it could be argued that this is an underpriced rarity. Out of its mintage of 26,100, only 171 have been graded by PCGS. Of those just 13 carry the grade of AU53 (as of 10/2021). PCGS has only graded 3 of this issue in mint state: 2 in MS60 and 1 in MS64. Therefore the AU53 piece offered is a relatively high end specimen! It is also a rarity in CAC: only 2 of the 1878-S Eagles (out of a total of 33 graded AU 53 by both PCGS and NGC) have been awarded the prestigious green sticker (as of 10/2021)!
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It is with pleasure that we at AUCM offer for consideration an 1878-S $10 Eagle, graded PCGS AU53 (CAC).Ron Guth writes, "The 1878-S $10 gold piece is a ... scarce date in circulated grades and an extreme condition-rarity in Mint State. ... This date comes well struck, often with good luster..." Heritage Auctions writes, "The 1878-S Ten Dollar was struck just a year before an explosive increase in S-mint production of Eagles. Just 26,100 pieces were minted, and it is scarce in any condition, being seldom available better than a low-end AU."

Discussing the design found upon the Liberty Head eagle, numismatic scholar and art critic Cornelius Vermeule writes, "Gobrecht executed new designs (1838) for the $10 denomination in gold, a coin known as an eagle. The bust of Liberty with an inscribed coronet in her hair that graced the obverse was to remain on the gold coinage until 1908." The reverse differed little from the design in use since 1807 on the $5 gold piece save that the wings of the eagle spread from one edge of the coin to the other. Commenting upon the inspiration for Gobrecht's Liberty, Vermeule writes, "The motivation for this Roman head of Liberty stems from vast, varied neoclassicism of the Napoleonic era. Typical of the source is a small painting ... by Jacques-Louis David's contemporary Pierre-Narcisse Guérin, Phythagoras or The Earth is Round, painted about 1800. ... [On the painting it] is the diademed or coroneted, white-robed, seated female that should attract our attention, for she is related to the heads of Liberty on our 19th century gold ... coinage."

More Information
PCGS # 8682
Grading Service NONE
Year of Issue NONE
Grade NONE
Denom Type N/A
Numeric Denomination $10
Mint Location NONE
Designation NONE
Circ/UnCirc Not Specified
Strike Type N/A
Grade Add On NONE
Holder Type N/A

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