The anonymous winning bidder for one of the most famous United States coins, the ultra-rare 1894-S Barber Dime that recently sold at auction for $1,440,000, has submitted the coin to Professional Coin Grading Service (www.PCGS.com) for Crossover Service.
Previously housed in another grading company’s holder, the historic dime that once belonged to legendary collector Louis E. Eliasberg Sr., is now encapsulated in a state-of-the-art, high-security PCGS holder and graded PCGS PR65+.
The dime was sold on December 17, 2020 by Stack’s Bowers Galleries and promptly submitted by the new owner to PCGS for Crossover Service. It is one of just nine known specimens from a total mintage of 24 dimes made at the San Francisco Mint in 1894.
"We’re proud to have graded the Eliasberg specimen of the 1894-S Barber Dime," remarks PCGS President Brett Charville. "This is one of the most iconic United States rare coins and is one of but a handful that regularly trade for more than $1 million when crossing the auction block. That PCGS was chosen to grade this seven-figure treasure shows the trust collectors place in the accuracy of our grading and security our holders provide their coins."
The 1894-S Barber Dime is one of the most enigmatic of all United States numismatic rarities. It was struck at the United States Mint branch facility in San Francisco during a time when virtually all proof coins were produced at the Philadelphia Mint.
The reason the 1894-S Barber Dime was produced remains unclear, though one of the most common theories suggest that 24 of these Barber Dimes were struck in 1894 at the San Francisco Mint to help balance the mint’s accounting ledgers, which may have been $2.40 short.
Some numismatic experts believe San Francisco Mint Superintendent John Daggett gave many of the 24 dimes to his friends and associates and three to his young daughter Hallie. Decades later, when Hallie sold one of the dimes, she reportedly said she had spent one of the three as a child to buy ice cream. That story is intriguing but may be a tall tale involving a fabled and desirable rare coin.
About Professional Coin Grading Service
Professional Coin Grading Service (PCGS) is a third-party coin and banknote grading company that was launched in 1986. Over nearly 35 years, PCGS has examined and certified more than 45 million U.S. and world coins, medals, and tokens with a combined value exceeding $41.7 billion. For more information about PCGS products and services, including how to submit your coins for authentication and grading, please visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.
PCGS may work if you’ve got a million-dollar coin. Other than that it’s just a subsidiary of the large coin dealers and tv-marketing channels. PCGS could care less about the small collector submitting his coins for grading.
Don’t worry Mike Mezack and ANACS will save us all!! Just Understand!!!
Interesting that PCGS would grade this coin higher than NGC.
I recently sent a coin graded 65+ by PCGS to NGC for crossover because I prefer NGC holders. But NGC would not grade the coin as 65+ so it remains capsulated in a PCGS holder. Apparently better grades can be found from one of the companies. Which one is most accurate and most reliable???