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Lot
4878

1842-C $5 Small Date VF30 PCGS. CAC. Variety 1....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 7 Internet/mail/phone bidders Number of Bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
1842-C Small Date Five, VF30
Key to the Charlotte Five Dollar Series
1842-C $5 Small Date VF30 PCGS. CAC. Variety 1. This coin is extensively worn but basically problem-free and certainly attractive for the grade; attractive enough, in fact, to gain approval from CAC. The wear is compounded by the fact that the strike is quite soft at the borders, especially on the obverse. On both sides, the deep golden centers are contrasted by splashes of reddish-gold towards the rims. There are many marks visible but none is especially deep or detracting. This is a very pleasing example of the rarest collectable Charlotte gold coin and a great option for the ambitious date collector of Charlotte half eagles who doesn't have the big budget required to purchase a high-grade 1842-C Small Date.
This is the rarest half eagle from this mint with an estimated 60-80 pieces known in all grades. While typically seen in lower grades, there are not many clean, problem-free examples in VF and PCGS has graded just seven in VF30 (out of a total of forty-two for the date). This is the only PCGS VF30 that has CAC approval and there are just five others in higher grades that have been approved by CAC.
Ex: Central States Signature (Heritage 4/2010), lot 2355, where it brought $9,200. It was approved by CAC sometime after this auction appearance.
From The Cherokee County Collection.(Registry values: P8) (NGC ID# 25SV, PCGS# 8208)

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