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Press Release - March 6, 2004
Heritage to Auction Rare 1834 Crosslet 4 Capped Head Half Eagle at Portland
Dallas, TX: Heritage's March 24, 2004 ANA Signature Auction in Portland, Oregon contains an extremely rare mint state 1834 Crosslet 4 Capped Head half eagle $5 gold piece.
The coin is described as follows:
1834$5 Capped Head, Crosslet 4 MS62 PCGS. Breen-6500, B. I-3, Miller-172, R.6. The 1834 Crosslet 4 is a very rare coin; in fact, it is one of the rarest of the entire Capped Head Left series. The original mintage of 50,141 pieces (for both types) is, of course, meaningless as almost all were melted shortly after issuance as the coins were worth more for their intrinsic value than their face value. Breen estimates that only 14-18 pieces survive in all grades with XF being the median grade. According to Akers, the Crosslet 4 1834 is rarer than the 1830 Small 5 D, 1831 Large 5 D, 1833 or 1834 Plain 4, and almost as rare as the 1830 Large 5 D. We have seen only one other Mint State piece in recent memory, an MS63 in our 1998 FUN Sale, and this coin is remarkably similar in striking details and color to that coin. The centers are sharply defined with some softness seen on the radials of the peripheral stars. The rich yellow-gold centers are surrounded by light but noticeable rose patina at the margins. Minimally abraded, there are no significant or singularly important abrasions that stand out as pedigree identifiers on either side of this important rarity. Population: 2 in 62, 1 finer (10/03).
Images, descriptions, and prices realized are available in the Permanent Auction Archives at the Heritage website, www.HeritageCoin.com.