1864-S Liberty Head Eagle. EF-45 (PCGS).

Exceedingly Rare 1864-S Eagle The Pittman Coin 1864-S Liberty Head Eagle. EF-45 (PCGS). This handsome 1864-S eagle is pleasingly toned in warm honey-rose gold. Traces of frosty luster remain and the strike detail is bold aside from softness confined to the obverse stars and the eagle's neck on the reverse. Wispy handling marks are typical for a circulated San Francisco Mint gold coin from the mid-19th century, and none are sizeable enough to warrant individual attention or undue concern. In a series replete with rarities, the 1864-S stands out as one of the most elusive, and also one of the most underrated, Liberty Head eagles. After only the fabled 1875, this is the rarest circulation strike issue of the type. The San Francisco Mint struck only 2,500 eagles in 1864, at a time when gold coins circulated extensively on the West Coast. This is in sharp contrast to the situation in the East and Midwest, where gold coins had been withdrawn from circulation in late 1861 and continued to be hoarded throughout the Civil War and much of the Reconstruction eras. With no numismatic activity on the West Coast at the time, and no interest in mintmarked United States coinage in general, it is little wonder that not a single Mint State 1864-S has survived to the present day. Even the single example in the National Numismatic Collection at the Smithsonian Institution is a Choice EF. Among those examples in private hands - only 25 to 30 coins - at least half grade no finer than Choice VF. The offered coin, therefore, is both an absolute and condition rarity. Its offering in this sale is a significant one for advanced collectors of Liberty Head gold and/or early date San Francisco Mint coinage. Provenance: Ex Numismatic Gallery's Adolphe Menjou Catalogue, June 1950, lot 1675; John Jay Pittman; David W. Akers' sale of the John Jay Pittman Collection, Part II, May 1998, lot 1945. PCGS Population: 5; 9 finer (AU-55+ finest). There are also no Mint State examples listed at NGC or CACG. PCGS# 8640. NGC ID: 264E. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.

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