Finest NGC 1858-S Dime Shows its Desirability Quotient at Heritage Auctions

28 Nov 2017  Tue

The 1858-S is among the most elusive dimes in the Seated Liberty series, especially in high grades. Only 60,000 pieces were struck, and nearly every coin was circulated in the west, certified examples average between VF30 and VF35. Approximately 300 to 350 coins survive, but the number of certified pieces amounts to just 145 coins at NGC and PCGS combined. Remarkably, there are only eight grading events in Mint State (10/17).

The finest-known examples are well-documented among Seated dime specialists: the MS66 NGC example featured in the upcoming December 7-10 Dallas auction, the MS66 PCGS coin (Ex: Gardner), and the Eliasberg piece, which has not been seen since that 1996 Bowers and Merena sale and maybe the MS64 coin listed at NGC. The price record for this date is held by the PCGS Premium Gem, lot 30258 in the June 2014 Gardner Signature offering, which brought $88,125.

All three top examples are from the same die pair, Fortin-101, which is rated High R.7 in Mint State.

Pinpoint-sharp definition of the stars, Liberty’s head, and the wreath is a trademark of this incredible Condition Census rarity. The 1858-S is mostly found well-struck but with some problems per Brian Greer. A brightly satiny surface shows just a hint of delicate champagne toning, and the luster is vibrant. The overall desirability is indisputable.

This coin presents a fantastic opportunity for the Seated dime specialist.

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