1860-S Gold $1 PCGS MS-63 CAC –
Lustrous and completely original, this coin is one of
only 13,000 gold dollars struck at the San Francisco
Mint in 1860. Most of these went into circulation, making
truly uncirculated pieces such as this piece very scarce.
Current population at PCGS is only 6 graded in MS-63
(a number that possibly includes several resubmissions),
with just 3 pieces finer.
Gold dollars are an often overlooked series among
the gold denominations. Struck in three different
types, this is an example of the type three, which
remained in use until the end of the series in 1889.
The San Francisco Mint however, ceased coinage of
this small denomination after this year, as they were
hardly found in circulation. In 1870, when the 2nd
San Francisco Mint opened, another 3,000 pieces were
struck, presumably as souvenirs.
The San Francisco gold dollars make for an excellent
subset of these tiny gold coins. Produced in 1854,
1856 to 1861 and 1870, the set consists of just seven
coins, all three types and no real key-dates. As a
result, a completed set makes for a very nice display
of coins struck in the last years of the California
gold rush, and afterwards.
Frosty with reddish toning, the present coin is a
choice survivor of the small mintage. Totally mark-free
surfaces, only a small pin scratch on the obverse
field is the grade limiting factor. Boldly struck,
only some slight weakness shows on Liberty’s
hair on the obverse and the wreath on the reverse,
a common diagnostic found with most gold dollars.
This gold dollar is destined to be included in a high
quality San Francisco gold type set or gold dollar