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Lot
3216

1842-C $5 Small Date AU58 PCGS....

2008 May Long Beach, CA Signature Auction #1108

 
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Auction Ended On: May 30, 2008
Item Activity: 7 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103B,C

Description:
Richly Colored, Sharply Struck 1842-C Small Date Five, AU58
1842-C $5 Small Date AU58 PCGS. Variety 4-C, the only known dies. Die State II. The two die states of this variety are easily distinguished by the presence or absence of a rim break at the top of the obverse, over star 7. Examples with the rim break are more prevalent, although both die states are rare, especially in such fine condition. Walter Breen recorded historical notes about the 1842 Charlotte Mint coinage. Only 4,595 examples of the Small Date variety were produced, while 23,589 of the Large Date were coined. The obverse die broke on March 22, according to Breen.
Very few examples of this variety have been certified, perhaps because few exist! This coin is unusually sharply struck with only slight weakness on the eagle's neck feathers. The fields are mildly reflective and the brilliant yellow has a significant overlay of deep red patina on each side. Minor abrasions are visible on both obverse and reverse. Although PCGS and NGC have combined to certify six examples in MS60 or better grades, we believe that only three or four such pieces exist. At the AU58 level, the Small Date is only slightly more available with 13 pieces certified and perhaps 7-8 coins actually extant. Regardless of the exact number of pieces known in this grade, the fact is very few are ever offered on the market as they are held in major collections. As such, this is a rare opportunity for the collector of Charlotte gold. (Registry values: P8) (NGC ID# 25SV, PCGS# 8208)

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