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Lot
4522

1851-C $5 MS63 NGC. Variety 1....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 6 Internet/mail/phone bidders Number of Bidders
520 page views
Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
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1851-C Half Eagle, High-End MS63
Underrated and Seldom Seen
1851-C $5 MS63 NGC. Variety 1. This is the so-called "earring" variety in Doug Winter's parlance, showing a distinct round punch mark at Liberty's earlobe, as though she had pierced ears. On the reverse, the mintmark is about centered at the vertex of the arrows and stem end. (On the seldom-seen Variety 2, the mintmark is shifted far left, toward the eagle's left claw.)

The 1847-C fives were struck to the extent of more than 84,000 pieces, the high-water mark for the Charlotte fives. But each of the succeeding three issues, the 1848-C, 1849-C, and 1850-C, saw annual productions of around 64,000 pieces each, and the 1851-C was struck to the tune of 49,176 pieces, only a moderate reduction. Despite the similar mintage, Winter notes that "the 1851-C is a much scarcer issue than the other half eagles struck at Charlotte between 1849 and 1853, Despite this coin's rarity in high grades, it remains a forgotten and clearly underrated issue."

The present Select Mint State example is the only one so certified at NGC, although a single MS64 is finer at that service -- the latter a coin we handled in our Pittsburgh Signature (Heritage, 8/2004), lot 7293, which brought $43,700. Rich luster on antique-gold surfaces that feature a bold strike put this coin near the top of the class among survivors of this issue, one that usually tends toward lackluster quality. A small planchet defect, a tiny lamination, appears just before Liberty's nose, and the left obverse field shows a few small marks consistent with the grade. Tiny contact marks also appear in the reverse field under the eagle's left (facing) wing but this piece is quite high-end overall.
From The Fairfax Collection.(Registry values: P4) (NGC ID# 25U6, PCGS# 8247)

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