While not rare in an absolute sense, with a relatively generous mintage of 52,000, in high grade, this is a VERY RARE and UNDERRATED date! In his epic analysis of U.S. Gold Coins, David Akers wrote: "As a date, the 1868-S is not nearly as rare as the S Mint Half Eagles from 1858 to 1867. However, above EF it is just as rare as the earlier issues..." Sitting well within the condition census, the presently offered "slider" is bested by only three pieces, 1 in MS60 and 2 in MS61. This is the FINEST graded piece to bear a CAC green sticker. Displaying an exceptional eye appeal, this GEM AU is sharply struck with fully and crisply defined devices on both sides. The wear is barely more than the slightest imperceptible friction and there are just as small number of tiny bag marks. The surfaces offer a glossy mint luster that shows a rich orange-red golden patina that is just a delight to behold. PCGS 5, NGC 9, CAC 2. The other CAC coin is an NGC coin that last appeared on the market over six years ago, and it was nearly 11 years ago since the last PCGS AU58 sold. More recent APRs include a PCGS AU55 CAC that sold for nearly $4,000 in the 2016 ANA auction and a PCGS MS61 sold in June 2015 for $18,213. There are 3 PCGS coins are graded finer, including the MS60 in the Hansen Collection and the MS61 from the A.J. Vanderbilt Collection, that just sold for $22,800 in March 2018. The current Collector's Universe value is listed at $8,000. That level may be exceeded after the gavel falls! Good luck! Cert. Number 34308328 PCGS # 8316