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Lot
2219

1868 $5 AU50 NGC. Gold coins failed to circulate on the East Coast prior to 1878, since they traded at a premium to unbacke...

2006 November Dallas Signature Coin Auction #420

 
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Auction Ended On: Nov 30, 2006
Item Activity: 2 Internet/mail/phone bidders
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Description:
Rare AU 1868 Half Eagle
1868 $5 AU50 NGC. Gold coins failed to circulate on the East Coast prior to 1878, since they traded at a premium to unbacked Federal currency. Under such circumstances, the Philadelphia Mint produced minimal quantities of gold coins between 1863 and 1877. For the 1868, just 5,700 pieces were struck for this much better Motto issue. A sharp straw-gold example with noticeable luster and moderately abraded fields.(Registry values: P3) (NGC ID# 25W5, PCGS# 8315)

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