1862 S $10 gold

WOW!!!! That coin is absolutely stunning!!
Congrats on an awesome find!!

Joe

Congrats on that bucketlist find

Briman05 said:

Congrats on that bucketlist find

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By bucket list, you mean bucket full?

What an amazing find. I would be happy to find just one gold coin. I don't think my heart could withstand 15 of them.

That coin looks uncirculated. Absolutely amazing! Congrats.

Dang!!! Way to go tom!

Wow.....I thought my 1890-CC silver dollar in almost mint condition was great, but your gold coin out shines mine by 1000%! Congrats!!! As a side note, they minted 12,500 of these coins in 1862. What happened to all of them is anyones guess!

Congrats Tom! Your research and dedication pays off again!!

Sweet!

that is sick!

jwp1964 said:

That coin looks uncirculated. Absolutely amazing! Congrats.

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That's one way to say it...lol

Thanx everyone ! We all love seeing what each other finds. Keeps the passion going !

goldpaninut said:

Wow.....I thought my 1890-CC silver dollar in almost mint condition was great, but your gold coin out shines mine by 1000%! Congrats!!! As a side note, they minted 12,500 of these coins in 1862. What happened to all of them is anyones guess!

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goldpaninut, I had the exact same question ! The first thing I saw, on PCGS from my smart phone in-the-field, was "60 to 80 known". Then getting back to my desk at regular "Redbook", I could see the 12,500 minted. Hmmmm. So I had the exact same question. I floated that past some coin collector friends, and here was their answers:

a) it's to be expected that not all the minted quantities are accounted for. Some are just simply lost forever.

b) Some are not changing hands (still in grandma's chest being passed from generation to generation, thus not being bought and sold to be in the "known" category).

c) Others were melted down in the days before numismatic value made them worth more for being a coin, versus their intrinsic value. Example: silver coins that aren't key, are simply sent to smelters, right ? Well apparently at one time (the buy-back by the govt in the 1930s when gold was dis-continued ?) it was just turned in and melted.

d) And if you look, "12,500" is actually a low mintage. When you compare to other $10 gold of those decades, which could have 100,000 or more minted.

e) there was supposedly mint discrepancies where the # of "12,500" could actually be from coins that continued to bear the date of 1861. Yet were struck in 1862 beginning months. Yet the "count" was from January 1st (not sure if I follow that reason, but.... someone told me that).

f) possibly the mint itself simply regathered a bunch before ever distributing, d/t lack of economic need that year to ship out. And so they re-melt, and yet the mint #s show the # minted, not the # actually put into circulation . Perhaps someone more versed in numismatics can comment on this ?

g) But otherwise, you're right, it doesn't seem that less than 100 are know, with 12,500 minted. But the "less than 100" seems to bear out. Because I saw a link to where it's been recorded (for purposes of establishing valuations) all known transactions (auctions, etc...) of this particular year and mint for more than the last 20 yrs. And in that 20+ yrs, there's less than 20 transactions of this particular coin as recorded bought/sold.

California Gold strike all over again!

Mega Congrats Tom , well deserved for all your hard work !!!
Now find all the rest of them , has to be more !!! HH

Hey Tom, grats!!!!
DD

Don't find them on the east coast. Wow!

That is incredible! Congratz!!!

DAAAAAAANG Tom, drop dead gorgeous coin!