1878-S Liberty Head Half Eagle. MS-62+ (PCGS). CAC.
A frosty and smartly impressed MS-62+ example that offers vivid color in bold golden-olive. Half eagle production at the San Francisco Mint increased markedly in 1878 with a mintage of 144,700 pieces. This was achieved in anticipation of the government-mandated return to parity between gold coinage and paper currency set for January 1, 1879. Unfortunately for today's collectors, this increase in mintage did not result in a generous supply of Mint State survivors. Most examples saw extensive commercial use, and even coins at the MS-60 to MS-61 level are elusive. This is one of the finest 1878-S fives that we have had the privilege of bringing to auction in recent years, and it is sure to fetch a strong price.
PCGS# 8347. NGC ID: 25X6.
PCGS Population: 6; 20 finer (MS-65 finest). CAC Stickered Population: 10; 4. The former total includes coins certified both MS-62 and MS-62+.
From the Fairmont Collection - Rhone Set.

Estimate: $1800