The 1862-S ten dollar gold piece boasts a low mintage of just 12,500 pieces. The entire mintage was released into circulation at the time of issue, and no specimens were saved for numismatic purposes. Collector interest in mintmarked coins did not develop until the 1890s, decades after the 1862-S was released and subjected to the rigors of circulation. Most examples seen grade no better than VF. The coin in the Eliasberg Collection was a VF30, while the Norweb and Smithsonian examples both graded XF45.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.