1878-S $5 MS(PCGS#8347)

August 2023 Global Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

1088

Grade

MS62+

Price

1,860

Lot Description

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. Provenance: From the Fairmont Collection - Rhone Set. 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+. PCGS# 8347. NGC ID: 25X6. 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.