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1837 $5 MS64 PCGS....

2008 June West Palm Beach, FL (Summer FUN) Signature Coin Auction #1110

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Auction Ended On: Jun 27, 2008
Item Activity: 8 Internet/mail/phone bidders
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Palm Beach County Convention Center
650 Okeechobee Blvd.
West Palm Beach, FL 33401

Lustrous MS64 1837 Classic Half Eagle
1837 $5 MS64 PCGS. Breen-6512, Large Date, Large 5, McCloskey 2-B, R.3. One of three die marriages known for this date, McCloskey 2-B is identified by a single curl at Liberty's forehead and a wide TAT and a narrow TES in STATES. This information is for the advanced collector who wants a challenge beyond a mere date or date and mintmark set of this series. In a 1989 research paper for the ANS, John McCloskey identified 21 obverse dies and 17 reverse dies for the series. By way of explanation, McCloskey stated, "During this time, the central devices were prepared from a coinage hub, but the features around the periphery of the dies were individually punched into the dies. This manufacturing process makes it possible to identify easily the individual coinage dies that were used in the series."
Despite a fairly large mintage of 207,121 pieces, the 1837 is actually a scarcer date. The population figures indicate that most survivors are in the XF to AU grade range. Mint State examples, on the other hand, command a lower proportion of the total population, and full Gem pieces are far and few between.
The near-Gem example described here displays bright, frosty yellow-gold surfaces with hints of underlying green. Sharply struck design elements are apparent on both sides, with especially nice definition in Liberty's hair, the star centers, and the eagle's plumage. Full Gem status was evidently precluded by a few wispy obverse handling marks. Population: 7 in 64, 3 finer (5/08).
From The Charleston Collection.(Registry values: P1) (NGC ID# 25RZ, PCGS# 8175)

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