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Lot
9009

1838-D $5 MS63 NGC. Ex: Ashland City. Variety 1-A. ...

2004 January Long Beach Signature Sale #342

 
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Auction Ended On: Jan 30, 2004
Item Activity: 7 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
One of the Finest 1838-D Half Eagles, An Impressive NGC MS63
1838-D $5 MS63 NGC. Ex: Ashland City. Variety 1-A. McCloskey 1-A, R.3. The 1838-D is one of the most challenging condition rarities in the entire half eagle series from the Dahlonega mint. It is also a distinctive issue in that it is the only Classic five from Dahlonega. Only 6-8 Mint State coins are believed extant today and at the MS63 level this piece is technically finer than the Duke's Creek or Bass coins.
The 1838-D is a curious issue. It is normally found with heavy abrasions but occasionally minimally marked coins are available. This is such a coin and it is extremely attractive. The surfaces display only the smallest signs of contact with other coins. The fields are bright and semi-reflective with shimmering green-gold color and a light bit of even reddish patina on each side. Other than the uncommonly clean surfaces, this coin is also noteworthy for its striking details. Every hair strand, star centril, and feather on the eagle is completely brought up. Look for this incredible coin to bring a record price when it crosses the auction block.
Ex: Chestatee Collection (Heritage, 8/99), lot 7665, where it brought $20,700; Royalty Coins (Jack Copeland); Ashland City Collection (Heritage, 1/03), lot 4727, where it realized an impressive $36,800.(#8178) (Registry values: P4) (NGC ID# 25S6, PCGS# 8178)

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