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1859-C $5 MS63 NGC....

Lot: 2541, Auction: 2008 February Long Beach, CA Signature Coin Auction #460

Sold for: $29,900.00 (includes BP )
Bid Source: Internet
Ended: Feb 14, 2008
Item Activity: 2 Internet/mail bidders
743 page views

Description:

Impressive 1859-C Five, MS63

1859-C $5 MS63 NGC. Variety 27-M, the only known die pair for the 1859-C half eagle. The 1859-C is not particularly rare in circulated grades but any Mint State piece is a major rarity. Grading these coins is a challenge, due to the physical characteristics. The reverse is always weak, due to a poorly prepared reverse die. It seems that the hub failed to make a complete impression. Perhaps the die was only hubbed once, instead of twice. Whatever the reason, the poor appearance of the die was transferred to each coin struck from it.
In his Charlotte Gold book, Doug Winter traces just five Mint State examples of the 1859-C half eagle. The five coins include the Eliasberg coin, now PCGS certified MS66 and far finer than any other; the "Elrod Duplicate" that is NGC graded MS63; the North Georgia Collection PCGS MS62; the Pittman coin, NGC graded MS62; and the Winter plate coin, PCGS MS60. The present piece may be one of the five, or perhaps a new appearance. As the single finest example that NGC has certified, it is likely that this coin is the "Elrod Duplicate" specimen.
The obverse has impressive green-gold color, with traces of faint blue accents. The reverse is similar, with slight orange tendencies. The design elements are essentially full, except for slight weakness as described on the reverse. This is one of the finest specimens to come on the market, and it should receive considerable bidding activity.(Registry values: P4) (#8281)

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Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 1128, Lot 1262 Sunday, August 2, 2009 63 NGC $29,900.00
Auction 28083, Lot 23681 Tuesday, August 19, 2008 63 NGC $34,500.00
Auction 204, Lot 6533 Friday, June 4, 1999 63 PCGS $27,600.00
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.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
62 $17,500 $20,940 $16,750 $14,000 $15,500 $20,000
63 $40,000 $42,250 $32,500 $29,000 $29,500 $40,000
64 --- $89,050 $68,500 $61,500 $62,500 $60,000
*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 63 1* 1* 124 31,847 Christian Gobrecht
NGC 63 1 0 134
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auction Galleries.

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