The Survival Estimate represents an average of one or more experts' opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
Numismatic Rarity
Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.
Relative Rarity By Type
Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.
Relative Rarity By Series
Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
David Akers (1975/88):
The 1861-S is marginally more rare than the 1860-S or 1858-S and is comparable to the 1859-S. Like the latter, the 1861-S ranks in the top 10% of the $5 series in rarity having appeared at auction only 24 times in all grades in the 337 catalogues in my survey. It has never been offered above EF and I have only seen two examples at that level. Most known specimens (there aren't really very many) are only Fine or VF and this date, like all the San Francisco Mint Half Eagles of the 1858-1876 period, is grossly underrated and underpriced for its rarity.
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