1860-S LIBERTY SEATED 10C MS65
A SUPERB GEM. SATINLIKE LUSTER. TIED WITH ONE OTHER COIN FOR HIGHEST GRADED AT PCGS. ELIASBERG PEDIGREE. CAC.
NGC Graded Higher:
Easily considered the Golden Age for San Francisco, the 1860s transformed this new and upcoming city into more than just a lodging place for gold miners. The population and economic boom in San Francisco is widely attributed to its location in relation to the hot spot for gold in California and the more recent silver hot spots in Nevada. This vastly expanding western town quickly earned the name “Paris of the West” as it drew in more people from around the world. As its boarders expanded, sub-areas sprouted into what we know today as China-town, the Haight-Ashbury, and the Mission District. As more people moved out west and prominent visitors, like the Japanese ambassador, validated the city’s status the need for more complex communication and transportation arose. The first answer to communication was the Pony Express, which began on April 3, 1860 and ran its route from St. Joseph, MO to San Francisco, CA. Both thankfully and regrettably, the Pony Express lasted a mere eighteen months because technological advancement made transcontinental telegraphy possible so messages were sent much faster. Later this same decade, the first cable cars ran through the bustling San Francisco streets to answer the need for transportation for the booming populous and the insanely steep grades in the town. As the city transformed so too did the Seated Liberty ten cent consumers and merchants alike beloved. By the 1860s the Philadelphia Mint thought it was time for a coin “face-lift” and initiated the change in the Philadelphia and New Orleans mints in 1859. Most coins actually went through a transition phase the previous year where they received the newly design Legend Reverse but the old obverse in 1860. The newest mint in San Francisco was the only mint to strike both the old obverse and reverse on the ten-cent piece in 1860 and only produced 140,000, which made this an excellent rarity.
While “Paris of the West” was booming, the East coast feared for the Union as the differing views of the presidential candidates began to seriously divide the nation. By the late 1860s, the South had threatened to secede if the Republican candidate won the fast approaching election. Abraham Lincoln was a threat to the Southern economy and way of life, which had relied heavily on slavery for several years, and he was strongly against its continuation. If Lincoln would win, everyone knew he would work hard to abolish slavery regardless of the consequences. As history tells us, Lincoln certainly did win the split vote and South Carolina immediately seceded from the Union and created the Confederated United States. As a major shock to the entire still relatively young nation, this threw things into chaos and led to what would be the bloodiest battle on U.S. soil the following year.