1865-S 10C MS (PCGS#4642)
August 2011 Chicago ANA - Rarities Night
- 拍卖行
- Stack's Bowers
- 批号
- 7290
- 等级
- MS64
- 价格
- 238,741
- 详细说明
- 1865-S Seated Liberty Dime. MS-64 (PCGS). CAC. Frosty medium golden gray with intense cartwheel luster and a rich array of varied gold and sunset orange highlights. Sharply struck for the date with just a hint of softness at Liberty's head and a corresponding spot in the reverse bow above the mintmark. The mintage for the issue was comparatively large, 175,000 pieces, while the Philadelphia Mint issue of the same date was limited to just 10,000 pieces owing no doubt to hoarding during the Civil War. The marketplaces of old San Francisco no doubt clamored for small change during the era, hence the large discrepancy in mintage figures. Choice and exceeded in grade at PCGS by just one specimen of the date.<br /> <br /> <strong style="font-weight: bold;">Numismatic Reflections by Q. David Bowers<br /> </strong>In 1865 there were no silver coins in circulation at all in the East or the Midwest. Legal Tender notes, not redeemable in silver and gold, had driven them from commerce and the public hoarded them. As stated elsewhere in this catalog, silver coins were not plentiful again in circulation until after April 20, 1876, and gold coins were not seen until after December 17, 1878, both dates being when these coins achieved parity with Legal Tender notes. <br /> In California the monetary situation was completely different. The use of paper money was <em>illegal</em>, and Legal Tender notes did not circulate there. Instead, gold and silver coins were plentiful. However, this caused problems when federal employees were paid in face value Legal Tender notes, after which they could take them to exchange houses and banks and trade them for coins, but only at a deep discount, in effect reducing their pay by a considerable amount. If you are interested in a detailed history of this, you will find it in my book, <em>The Treasure Ship S.S. Brother Jonathan</em>, which you can either obtain in the marketplace or borrow a copy free of charge from the American Numismatic Associ
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