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Lot
6944

1848-C $5 MS64 NGC....

2005 March Palm Beach, FL Signature Sale #368

 
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Auction Ended On: Mar 25, 2005
Item Activity: 3 Internet/mail/phone bidders
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Location: Palm Beach, FL
Description:
Condition Census 1848-C Five Dollar, MS64 NGC
1848-C $5 MS64 NGC. Ex: Elrod Collection. Variety 11-E. Even though the mintage of 64,472 pieces seems generous, only 3-4 pieces are believed known in mint condition of the 1848-C with the vast majority of the 145-155 coins believed extant today in the VF-XF grade range. Listed as the finest example known on Winter's Condition Census, this is a magnificent piece of Charlotte gold. We have handled this coin on two previous occasions (in our February 1999 Long Beach Sale and as a part of the Ashland City Collection). As one can infer from the grade, this is a spectacular coin. Some softness of strike is noted on the curls around Liberty's face and there is also some weakness on the eagle's neck and left (facing) leg. However, this softness is slight and hardly detracts from the overall appearance of the coin. The fields are semi-prooflike with quite a bit of reflectivity present. Rich reddish patina covers each side, making the basic green-gold color of the coin virtually invisible now. Only the slightest abrasions are present.(#8237) (Registry values: P4) (NGC ID# 25TT, PCGS# 8237)

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