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Lot
3268

1863 $5 AU58 NGC....

2008 May Long Beach, CA Signature Auction #1108

 
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Auction Ended On: May 30, 2008
Item Activity: 9 Internet/mail/phone bidders Number of Bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103B,C

Description:
Remarkable and Rare 1863 Half Eagle, AU58
1863 $5 AU58 NGC. After Philadelphia Mint half eagle mintages figuratively fell off a cliff from 1861 to 1862--from more than 688,000 business strikes to 4,430--incredibly, in 1863 they fell even further, to a minuscule 2,442 circulation strikes. The few pieces produced did circulate to a degree, as the average grade of certified survivors at NGC and PCGS is only Choice XF or so. This near-Mint State piece is tied with a few other pieces for position near the top of the Condition Census, bettered only by a single MS62 at NGC and by an MS60 and an MS61 at NGC.
The surfaces show orange-gold coloration with splashes of magenta through the date and obverse stars. The fields show some prooflikeness under a bit of light field chatter that is consistent with a short spate in circulation. There are no singularly mentionable abrasions, and wonderful eye appeal persists for this remarkable coin.(Registry values: P8) (NGC ID# 25VS, PCGS# 8294)

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