Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

Very Rare 1824 Capped Head Left Half Eagle, AU58 PCGS

1824 $5 AU58 PCGS. B. 1-A, Miller-147, R.7. The Capped Head Left half eagle series is by far the most challenging to collect in the entire United States coinage family. In the early 1830s, vast quantities of silver poured from newly established mines in Mexico and Peru. Having the opposite effect of the California Gold Rush of the 1840s-1850s, this Latin American event forced a dramatic decline in the price of silver and gold coins imported from that area. As myriad Mexican silver dollars flooded into the United States, hoarders inadvertently marked the American circulating gold coins for extinction. This passage, taken from Walter Breen's Encyclopedia, provides a glimpse of the disaster that befell the Half Eagle: "In the National Archives is a reference to public assays (Paris, 1831), at one of which some 40,000 U. S. half eagles of 'recent mintage' (the elusive 1815-30) were melted and found to be of full weight and fineness. This was doubtless only one among many such holocausts, and more were to come through 1837."
This issue is sometimes regarded as relatively common, however it is much rarer than believed. Probably, just over 30 examples are known today. Walter Breen speculated that fewer than twenty 1824 Half Eagles survived in all grades. Miller suggests that fewer than a dozen are known. The Harry Bass collection contained only one example.
This near-mint, barely circulated example should capture the attention of all serious gold collectors. The surfaces radiate a bright yellow-gold hue and are free of major impairments. Ample, almost full mint luster remains on both sides and we report sharp detail overall, with no mentionable weakness, even on the star centrils or the eagle's neck. For future pedigree purposes, a diagonal pinscratch is visible in the reverse field over the eagle's neck and just below the US of PLURIBUS. A rare, highly elusive opportunity for the early gold specialist. (#8132) (Registry values: P6) (NGC ID# BFY5, PCGS# 8132)

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2004
7th-10th
Internet/Mail/Phone Bidders: 4
Members Tracking: N/A
Page Views: 587

Buyer's Premium per Lot:
15% of the successful bid (minimum $6) per lot.

Heritage membership

945,308
bidder-members
$891,451,904
sold in the last year

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 

Consignments wanted

Only 40 days left to consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong!

Learn about consigning with us

It has been a pleasure working with Heritage Auction and I hope to work with them on other estate auctions in the future. I look forward to an on-going relationship with Heritage Auction.
Patty Jackson,
Reading, PA
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,887,709
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,688,775
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved