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Lot
558

1876 $5

Long Beach Bullet #100

 
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Auction Ended On: Feb 4, 1993
Item Activity: 1 Internet/mail bidders
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Location: Long Beach, CA
Description:
PCGS 1876 MS 63. Like the 1875 above, the 1876 is also a very rare and desirable issue in the Coronet series. With a mintage of only 1,432 pieces there are very few survivors in any grade, but a couple of mint state pieces do exist of this date. Business strikes of this date are invariably prooflike and in the past this has created some confusion with the auction data. To further compound the confusion this coin is certified as a business strike, but it was struck from proof dies. According to Breen there is a die lump below the eye on business strikes and there is a die lump below the jaw on proofs. This coin has the die lump below the jaw indicating it is a proof. However, the fields are not that "proofy" and it is easy to see how one could think this a business strike without knowing the diagnostics of each. There are a few contact marks and hairlines on each side and the strike is not all that strong with softness noted on the eagle's neck. We will leave the judgement of this coin's status to those bidding and draw attention to the diagnostic differences not to alarm anyone, but rather to avoid disappointment for anyone after the sale. Trends $40,000 in MS 63 (1/25). (NGC ID# 25WW, PCGS# 8339)

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