Coins Certified as of 1/23

My Coin #60159874

1861-S 10C MS62

PCGS#: 4634

Owner's Comments

Mintage: 172,500
Obverse Dies: 2 Known

The 1861 dimes from San Francisco were struck from two Type I obverse dies and a single reverse die. This date is scarce in circulated grades and become very scarce in VF or better. Very rare in Mint State. This is the toughest San Francisco branch mint date in the 1860's to locate.

Plate Coin: Fortin 101, Condition Census Example With Lustrous, Satiny Surfaces, Well Struck With Hints of Delicate Golden-Russet Toning at the Base of the Reverse

Expert Comments

Ron Guth: The 1861-S Dime is much more scarce than the mintage indicates, as is the case with many of the S-Mint issues of this era.  The dearth of collectors on the West coast meant the coins circulated until they wore out or were lost.  Thus, a coin from the San Francisco Mint will have a lower survival rate than the a coin of the same date and similar mintage from the Philadelphia Mint.  Also, few collectors existed in the San Francisco area, thus fewer high-grade coins were preserved.

Mint State 1861-S Dimes are truly rare and they are seldom nice enough to be called choice.  PCGS and NGC have each graded an MS66 example, with very little underlying support.  The strike is decent, in general, though the details became mushy as the dies wore out.  Die clashing is sometimes seen on the left side of the obverse.

Gerry Fortin has identified two different die varieties for this year.  Assuming no more varieties are discovered, this gives an average die life of 86,250 coins.

Diameter: 17.90 millimeters Designer: James Barton Longacre Edge: Reeded
Mintage: 172,500 Weight: 2.48 grams Metal Content: 90% Silver, 10% Copper

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 250 R-6.6 4 / 67 TIE 11 / 122 TIE
60 or Better 10 R-9.5 6 / 67 13 / 122 TIE
65 or Better 2 R-9.9 6 / 67 TIE 18 / 122 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS66 PCGS grade  
2 MS65 PCGS grade  
2 MS65 estimated grade  

Superior 1/2003:441 - Eugene H. Gardner Collection - Heritage 6/2014:30260, $49,937.50

4 MS64 PCGS grade  
5 MS63 PCGS grade