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Lot
2184

1848-C $5 MS64 PCGS. CAC....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 5 Internet/mail/phone bidders
920 page views
Location: Orlando, FL
Description:
Extraordinary MS64 1848-C Five Dollar
Ex: Bass, Ranked as Second Finest Known
1848-C $5 MS64 PCGS. CAC. Variety 1. A fairly substantial number (by Charlotte Mint standards) of 1848-C fives were minted, but the vast majority of the original production of 64,472 pieces has been either lost or reduced in eye appeal as a result of circulation. It is estimated that there are a total of 250-350 pieces extant today in all grades. However, well over half of the known examples are in the VF-XF grade range. Only three to five pieces are believed to grade Uncirculated. This coin is listed as second finest on Doug Winter's most recent Condition Census, and it is numerically tied with the Eliasberg coin, which is also graded MS64.
Some softness of strike is noted on the curls around Liberty's face and on the eagle's neck and right (facing) leg feathers. These features are, however, normal for the issue and do not detract from the overall pleasing eye appeal. Both sides show semiprooflike fields that glow with bright yellow-gold coloration. This piece lacks the normally encountered extensive abrasions. However, it is important to note a couple that will aid in identifying this important coin in the future: A shallow, near-vertical mark is at the end of Liberty's chin, a series of small contact marks appears between star 5 and Liberty's forehead, and a short, shallow grease stain is noted on the reverse just below the upright of the second T in STATES.
Ex: Mike Brownlee to Harry Bass, March 1972; Harry Bass Collection (Bowers and Merena, 10/1999), lot 990, where it realized $50,600; Long Beach Auction (Heritage, 2/2000), lot 6689; private collection.(Registry values: P4) (NGC ID# 25TT, PCGS# 8237)

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