A very limited 156,258 were minted, many were melted down and never circulated. To find high grade with Motto Philadelphia Mint coinage is nearly impossible. The denomination was created as a means of exhausting an overage in gold supply due to the 1849 California Gold Rush.They were never intended for general use in commerce as the amount easily equated to a month's wage during the time of issue - making them impractical to carry as a coin. PCGS encapsulation offers protection and guarantees the beautiful MS-64 condition of the coin. Conservatively graded in our opinion, has a better look than MS64 I've seen on the market. With motto "in God we Trust" added and Struck at the Philadelphia Mint. Obverse: Depicts Liberty striding forward holding a torch and an olive branch with the U.
Capitol building in the backdrop. Reverse: Features an eagle in flight against the sun in the background. Beautiful color and very rare in this condition.