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Lot
1849

(1837-42) $5 A. Bechtler Five Dollar, 128G. 22C. AU50 NGC....

2010 February Long Beach, CA Signature US Coin Auction #1137

 
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Auction Ended On: Feb 5, 2010
Item Activity: 7 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Important A. Bechtler Five Dollar
128 G, 22 C, AU50
(1837-42) $5 A. Bechtler Five Dollar, 128G. 22C. AU50 NGC. K-28, R.6. This five dollar piece was at one time considered among the rarest of the Bechtler issues, ranked as R.8--"unique or nearly so"-- in Kagin's reference. The coin says CAROLINA GOLD rather than GEORGIA GOLD as on the more common K-23 five dollar piece, and A. BECHTLER rather than C. BECHTLER. The 128G. 22C. is in the center of the obverse. In the more than 25 years since Kagin published his reference, more coins have surfaced, though the variety remains very rare.
The outer devices are softly struck on both obverse and reverse. We have not seen enough of these to know if this is common to all K-28 pieces. But the coin may be most easily graded by the remaining prooflikeness that surrounds the lettering. A "pinched" appearance is seen on the obverse rim at 3 and 9 o'clock, a striking defect of unknown origin. The yellow-gold surfaces have taken on just the slightest accent of reddish patina, and there are no mentionable post-striking defects. Listed on page 360 of the 2010 Guide Book. (PCGS# 10043)

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