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Lot
3021

1842-C $5 Small Date MS61 NGC. Variety 4-C, Die State I. ...

2004 Orlando, FL (FUN) Signature Sale #336

 
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Auction Ended On: Jan 7, 2004
Item Activity: 7 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Extremely Rare 1842-C Small Date Half Eagle, A Very Rare Uncirculated Example, Second Finest Known
1842-C $5 Small Date MS61 NGC. Variety 4-C, Die State I. The 1842-C Small Date is the rarest Charlotte half eagle, and is the second rarest issue of all Charlotte coins, trailing only 1849-C Open Wreath gold dollar. Only 4,595 pieces were originally struck, and it is estimated that today a mere 50-55 coins are extant in all grades. Current population data from NGC and PCGS (10/03) indicates that six pieces have been certified in mint condition between the two services. We seriously doubt that represents six individual coins, as three years ago this issue was considered unique in Uncirculated (the Ex: Elrod coin). This particular coin in neither the Elrod piece nor is it the Ex: North Georgia coin (graded AU58 five years ago). To the best of our knowledge, this is a new addition to the Condition Census, and there are probably no more than two, maybe three coins represented by the population figures from NGC and PCGS. As such, we consider this coin to be the second finest example known of this very rare issue.
The striking details are exceptionally well defined on this coin. The hair curls and peripheral stars are very strong with the only area of weakness being the feathers on the eagle's neck, as always seen. The few survivors of the 2,555 pieces struck from Die State I are generally sharply struck and they are especially well defined when compared to the Die State II coins. As an aside, approximately three-quarters of the known examples of the 1842-C Small Date are from the Die State II dies, which show a rim cud at 12 o'clock on the obverse. The surfaces overall are quite clean and show only minimal abrasions for this usually extensively abraded issue. As with many Charlotte and Dahlonega coins, the fields are semi-reflective, no doubt from the minimal usage of the dies, and the coin shows light green-gold coloration overall.
The collector of Charlotte gold would be well advised to bid generously on this coin as another Mint State example may not be on the market for many years.(#8208) (Registry values: P8) (NGC ID# 25SV, PCGS# 8208)

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