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Lot
3646

1844-D $5 MS64 NGC....

2008 September Long Beach, CA US Coin Signature Auction #1116

 
Sold for: Not Sold
Auction Ended On: Sep 19, 2008
Item Activity: 3 Internet/mail/phone bidders
2,310 page views

Description:

Condition Census 1844-D Half Eagle, MS64

1844-D $5 MS64 NGC. Gold was discovered in a big way in the Appalachian regions of Georgia and North Carolina during the 1820s. At the time, transporting the gold ore from the mining regions to the Mint at Philadelphia was an arduous and dangerous task. Several private mints were established near the gold fields to allow the miners to avoid the risk and expense of shipping their gold overland to Philadelphia. Jealous of their coining powers and anxious to properly exploit this new source of wealth, Congress decided to establish branch mints at convenient locations near the gold fields. The Act of March 3, 1835, created the three Southern branch mints at New Orleans, Charlotte, and Dahlonega. Construction delays and personnel problems plagued all the new mints, and coinage finally commenced in 1838. The mints at Charlotte and Dahlonega coined only gold denominations during their short careers. The gold deposits of the region were gradually depleted, and the great California Gold Rush of 1849 enticed many local miners to abandon their claims and go West. The Confederacy seized the mints at the start of the Civil War but lacked the resources to operate them after the supply of coin blanks was used up. The mints at Charlotte and Dahlonega were never reopened after the war and produced no coinage after 1861. Today, advanced collectors highly prize gold coins with the coveted C and D mintmarks.
From an original mintage of 88,982 pieces, the 1844-D is one of the more available issues from the Dahlonega Mint in circulated grades. About Uncirculated examples are encountered with some regularity. The situation changes dramatically at the Mint State level. There are eight to 10 survivors in lower Mint State grades; Gem coins are unknown. The present near-Gem coin qualifies as one of the three finest certified by the leading grading services. Many dates from the Dahlonega Mint display characteristic weak strikes. The 1844 issue is one of the few that is generally seen with above-average striking quality. The coin offered here has an outstanding strike, with strong detail in the stars, hair, and eagle. The fields are semiprooflike, with delicate shades of orange and green toning. The accent of green toning near the rim is reminiscent of the Pittman coin. There are few distractions, none worthy of individual notice. A breathtaking coin overall, certainly one of the finest examples known. Census: 2 in 64, 0 finer (8/08).(Registry values: P2) (#8221)

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Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 208, Lot 7676 Friday, August 13, 1999 64 PCGS $19,550.00
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)

Source Date Grade Service Realized
Unconfirmed Sunday, May 25, 2008 64 PCGS $41,400.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
63 $26,500 $29,380 $23,500 $21,000 $21,500 $32,500 $36,500
64 --- $47,450 $36,500 $33,000 $33,500 $52,500 ---
65 --- --- --- --- --- --- ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.

Population Guide

Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 88,900 Christian Gobrecht
NGC 64 2 0 225 -
CAC 64 1 0 7 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.

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