There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
3126

1834 $5 Classic PR63 Cameo NGC. First Head, Large Plain 4, Breen-6501, McCloskey 1-A, R.3. Like most known proof examples, ...

2007 January Orlando, FL (FUN) Signature Coin Auction #422

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 4, 2007
Item Activity: 8 Internet/mail/phone bidders
1,875 page views
Description:
Extremely Rare Proof Cameo 1834 Classic Half Eagle
1834 $5 Classic PR63 Cameo NGC. First Head, Large Plain 4, Breen-6501, McCloskey 1-A, R.3. Like most known proof examples, the large 4 in the date is close to the curl, and the date is a so-called "fancy" or "script" 8, with a larger juncture of the loops than the loops themselves. The arrowheads are large; the lowest touches the second A in AMERICA. The second S in STATES shows recutting on the middle curve, and the eagle has a tongue.
By 1834 the melt value of old-tenor gold coins had risen above their face value. Many of the older coins were relegated to the fiery furnace, lost forever to numismatic posterity. The Mint issued a new Classic Head design for quarter eagles and half eagles; the eagle had not been minted since 1804 and would not be coined again until 1838. The fineness of the half eagle was reduced and the net gold content cut by about a half-gram, proportionally so for the quarter eagle. The motto IN GOD WE TRUST was omitted--not to reappear on coinage until near the end of the Civil War--to help the populace easily distinguish the new, reduced-content coins from the old.
Only a single proof example, the Eliasberg coin, is known of the old-style Capped Head to Left, With Motto type. Later in 1834, the need for additional proof coins prompted further strikings of the Classic Head type. Some of those examples ended up in special diplomatic sets, such as the King of Siam proof set. Proof examples of the new type are more plentiful, and a handful exist today. The Garrett-Guth gold Encyclopedia reports that "All of the No Motto Proofs have a Plain 4." The 1834 Plain 4 proof coins are listed in 100 Greatest U.S. Coins, also by Garrett and Guth.
Auction offerings of proof Classic Head 1834s are truly rare. Our permanent auction archives show that only once before have we had the privilege to offer a specimen of this issue. Furthermore, only twice have we offered a proof of the Classic Head half eagle type, the second specimen an 1835-dated coin. The populations are minuscule: NGC shows six proofs of the 1834 issue and 10 pieces for the entire type, while PCGS adds two for the issue and three for the type, for a total of eight proofs of the issue and 13 for the type in all grades, including duplications and crossovers (10/06).
Prooflike coins are widely available of the 1834 Classic five. They are beautiful coins and generally well produced. However, there is a profound difference between a well-produced prooflike and a proof. The fields on this piece show a depth of reflectivity that simply cannot be duplicated on a business strike. Additionally, the striking details on this proof are fully brought up in all areas--a feature that may or may not be present on business strikings. The devices are also noticeably frosted, and NGC has recognized this as well with the Cameo designation. A few wispy hairlines are seen in the fields (with the aid of a magnifier), but the only reliable pedigree identifier is an angling mark on the chin of Liberty. Exceptional rarity and quality.
Illustrated in Proof Gold Coinage of the United States by Robert J. Loewinger, M.D., on page 50 as an example of the Classic Head type.
From The Dr. Robert J. Loewinger Collection. (NGC ID# 28BA, PCGS# 88180)

View all of [The Dr. Robert J. Loewinger Collection ]
View large image(s) of this item

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
877,496
bidder-members
$961,519,116
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 33 days left to consign to the 2014 October 8 - 12 PNG New York Invitational Coin Show US Coins Signature Auction - New York!
Learn About Consigning With Us
The results were astonishing - - Heritage sold my coins for double the most optimistic price that I had dreamed of!
[ Entire Letter » ]
Louis Bassano, New Jersey State Senate,
Union, NJ
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando
2014 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando
REALIZED $9,734,681
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
REALIZED $14,773,379
2014 April 24 & 28  CSNS World Currency Signature Auction - Chicago
2014 April 24 & 28 CSNS World Currency Signature Auction - Chicago
REALIZED $2,708,143