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Auction 308 | Lot 4815 » Half Eagles » Liberty Half Eagles
1869 $5 MS64 NGC. Formerly sold as lot 7668 in our 2000 Central States Sale, where it was described as, "This is a richly defined, notably prooflike representative of this scarce P-mint issue. There is noticeable softness of strike on the eagle's neck feathers, but the balance of the features show razor sharp definition. Both sides glow with golden-rose coloration and the only pedigree marker that we see is a small hook shaped abrasion in the right obverse field near star 4.

"The 1869 half eagle boasts an original mintage of only 1,758 pieces and, as such, it is one of the rarest issues of the denomination. The typical survivor is apt to grade no finer than AU. The rarity of this issue is underscored by the fact that Louis E. Eliasberg, Sr. chose to represent the 1869 half eagle with a proof example. Eliasberg's proof was previously offered as lot 519 in the United States Gold Coin Collection (Bowers & Ruddy, 10/82). The present business strike was off the market for 28 years before it realized $33,350 as lot 1166 in the Harry W. Bass, Jr. Collection (Bowers & Merena, 10/99)." This is the only MS64 piece certified by either of the major services and none are finer, which makes this the finest example known of this rare issue.
From the Ashland City Collection. (PCGS# 8317)
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Grade MS64

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Jan 11, 2003

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Sold For: $28,750.00
Auction 226 | Lot 7668 » Half Eagles » Liberty Half Eagles
1869 MS 64 NGC. This is a richly defined, notably prooflike representative of this scarce P-mint issue. There is noticeable softness of strike on the eagle's neck feathers, but the balance of the features show razor sharp definition. Both sides glow with golden-rose coloration and the only pedigree marker that we see is a small hook shaped abrasion in the right obverse field near star 4.

The 1869 half eagle boasts an original mintage of only 1,758 pieces and, as such, it is one of the rarest issues of the denomination. The typical survivor is apt to grade no finer than AU. The rarity of this issue is underscored by the fact that Louis E. Eliasberg, Sr. chose to represent the 1869 half eagle with a proof example. Eliasberg's proof was previously offered as lot 519 in the United States Gold Coin Collection (Bowers & Ruddy, 10/82). The present business strike was off the market for 28 years before it realized $33,350 as lot 1166 in the Harry W. Bass, Jr. Collection (Bowers & Merena, 10/99). Although NGC reports 4 examples in MS 64 (2/00), we suspect that this is the same coin resubmitted three times. This is, therefore, quite possibly the single finest survivor of this issue. (PCGS# 8317)
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Service NGC

Grade MS64

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May 8, 2000

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Sold For: $22,425.00
Auction 1204 | Lot 6451 » Half Eagles » Liberty Half Eagles
1869 $5 AU55 PCGS. (PCGS# 8317)
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Grade AU55

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Apr 27, 2014

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Sold For: $9,400.00
Auction 1347 | Lot 4016 » Half Eagles » Liberty Half Eagles
1869 $5 AU50 PCGS. (PCGS# 8317)
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Service PCGS

Grade AU50

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Jul 15, 2022

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Sold For: $8,700.00
Auction 1154 | Lot 6521 » Half Eagles » Liberty Half Eagles
1869 $5 AU58 NGC. (PCGS# 8317)
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Grade AU58

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May 1, 2011

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Sold For: $8,625.00
Auction 1348 | Lot 4922 » Half Eagles » Liberty Half Eagles
1869 $5 AU55 NGC. (PCGS# 8317)
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Service NGC

Grade AU55

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Aug 28, 2022

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Sold For: $8,100.00
Auction 1121 | Lot 5459 » Half Eagles » Liberty Half Eagles
1869 $5 AU58 NGC. (PCGS# 8317)
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Grade AU58

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Jan 11, 2009

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Sold For: $8,050.00
Auction 1314 | Lot 4442 » Half Eagles » Liberty Half Eagles
1869 $5 AU55 PCGS. (PCGS# 8317)
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Service PCGS

Grade AU55

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Apr 26, 2020

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Sold For: $7,800.00
Auction 1204 | Lot 6452 » Half Eagles » Liberty Half Eagles
1869 $5 AU58 NGC. (PCGS# 8317)
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Grade AU58

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Apr 27, 2014

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Sold For: $7,637.50
Auction 114 | Lot 783 » Half Eagles » Liberty Half Eagles
NGC 1869 AU 58. An extremely rare With Motto five with an impressively low mintage of only 1,760 pieces. Typical for the iss... (PCGS# 8317)
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Grade AU58

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Sep 10, 1993

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Sold For: $7,480.00
Auction 1302 | Lot 3313 » Half Eagles » Liberty Half Eagles
1869 $5 AU58 NGC. (PCGS# 8317)
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Grade AU58

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Dec 5, 2019

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Sold For: $7,215.60
Auction 1299 | Lot 4933 » Half Eagles » Liberty Half Eagles
1869 $5 AU58 NGC. (PCGS# 8317)
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Grade AU58

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Sep 6, 2019

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Sold For: $7,200.00
Auction 1251 | Lot 6811 » Half Eagles » Liberty Half Eagles
1869 $5 AU55 NGC. (PCGS# 8317)
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Service NGC

Grade AU55

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Jan 9, 2017

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Sold For: $5,640.00
Auction 1175 | Lot 5911 » Half Eagles » Liberty Half Eagles
1869 $5 AU55 NGC. (PCGS# 8317)
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Grade AU55

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Oct 21, 2012

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Sold For: $5,287.50
Auction 382 | Lot 7542 » Half Eagles » Liberty Half Eagles
1869 $5 AU50 PCGS. A predictably elusive With Motto five, the 1869 is just as rare as its mintage of 1,785 pieces implies. As usual for this issue, the fields retain considerable semi-reflective qualities despite numerous tiny abrasions. The features are well struck throughout with only slight softness noted over the eagle's neck feathers. An original piece, the surfaces have taken on a subtle overlay of golden-red patina. Population: 7 in 50, only 7 finer (6/05). (PCGS# 8317)
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Grade AU50

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Jul 30, 2005

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Sold For: $5,175.00
Auction 394 | Lot 5246 » Half Eagles » Liberty Half Eagles
1869 $5 AU58 NGC. The Philadelphia Mint required only a single day (February 5) to produce its entire delivery of 1869-dated Half Eagles. Undoubtedly, the continued suspension of specie payments explains why just 1,760 business strikes were produced. Double Eagles were struck at Philadelphia in much greater number, but these large denomination pieces were used principally for export or bank reserves. This issue is virtually unobtainable in Mint State, and NGC reports a mere five other coins in AU58 (11/05). PCGS has not certified a single coin above the AU55 level (11/05). Most high grade circulated survivors of this issue, and there are not many, display remnants of a semi-prooflike finish. This coin is no exception, and the honey-gold surfaces reveal appreciable brightness in the fields at direct light angles. The surfaces are moderately abraded from circulation, but the devices retain overall bold definition, and the only worthwhile pedigree marker is a moderate abrasion in the obverse field between the 1 in the date and the first star. (PCGS# 8317)
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Grade AU58

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Jan 7, 2006

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Sold For: $5,060.00
Auction 316 | Lot 6296 » Half Eagles » Liberty Half Eagles
1869 $5 AU58 NGC. The Philadelphia Mint required only a single day (February 5) to produce its entire delivery of 1869-dated Half Eagles. Undoubtedly, the continued suspension of specie payments explains why just 1,760 business strikes were produced. This issue is virtually unobtainable in Mint State, and NGC reports a mere four other coins in AU58 (2/03). PCGS has not certified a single coin above the AU55 level (1/03). Most high grade circulated survivors of this issue, and there are not many, display remnants of a semi-prooflike finish. This coin is no exception, and the honey-gold surfaces reveal appreciable brightness in the fields at direct light angles. The surfaces are a little scuffy from circulation, but the devices retain overall bold definition, and the only worthwhile pedigree marker is a moderate abrasion in the obverse field between the 1 in the date and star 1. Population: 4 in 58, only one (MS61) is finer (2/03).

We have auction records for just three other AU58 1869 Half Eagles, all of which were certified by NGC at the time of sale:

1. Ex: NGC East Coast Expo Bullet Auction (Heritage, 9/1993), lot 173.

2. Ex: Long Beach Signature Sale (Heritage, 9/1999), lot 6705.

3. Ex: FUN Signature Sale (Heritage, 1/2001), lot 8211. (PCGS# 8317)
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Grade AU58

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Mar 23, 2003

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Sold For: $5,060.00
Auction 212 | Lot 6705 » Half Eagles » Liberty Half Eagles
1869 $5 AU 58 NGC. Despite light wear across the highpoints, this is a richly defined, modestly prooflike representation of this scarce P-mint issue with an original delivery of only 1,785 business strikes. While the typical extant 1869 half eagle is apt to grade either XF or AU, current population data confirms that this near-Mint specimen falls comfortably within the Condition Census for the issue. The fields display light scuffiness and the eagle's neck feathers are poorly delineated, although we note that these are the only distractions worthy of note on the otherwise pleasing, orange-gold surfaces. NGC and PCGS combined report only 3 examples in AU 58 with a lone MS 64 PCGS example finer (6/99).
From the Pennsylvania Five Dollar Collection. (PCGS# 8317)
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Grade AU58

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Sep 27, 1999

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Sold For: $4,830.00
Auction 1239 | Lot 4692 » Half Eagles » Liberty Half Eagles
1869 $5 XF45 PCGS. (PCGS# 8317)
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Grade XF45

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Sep 8, 2016

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Sold For: $4,700.00
Auction 1251 | Lot 6810 » Half Eagles » Liberty Half Eagles
1869 $5 AU50+ PCGS. (PCGS# 8317)
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Service PCGS

Grade AU50+

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Jan 9, 2017

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Sold For: $4,700.00

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Auction 1218 | Lot 3231 » Half Eagles » Liberty Half Eagles
1869 $5 AU53 NGC. (PCGS# 8317)
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Grade AU53

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Feb 26, 2015

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Sold For: $4,700.00
Auction 131136 | Lot 25250 » Half Eagles » Liberty Half Eagles
1869 $5 AU50 PCGS. PCGS Population (8/10). NGC Census: (5/29). Mintage: 1,760. Numismedia Wsl. Price for problem free NGC/PCGS coin in AU50: $3,375. (#8317) (PCGS# 8317)
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Grade AU50

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Sep 6, 2011

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Sold For: $4,456.25
Auction 175 | Lot 5344 » Half Eagles » Liberty Half Eagles
1869 AU 50. The 1869 has one of the lowest mintages in the series, with a scant 1,785 pieces originally struck, 25 of those being proofs. This well struck example resembles the latter striking method, exhibiting watery reflectivity that is interrupted only by the slightest wear. Very scarce as such, with no uncirculated pieces reported. (PCGS# 8317)
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Service Uncertified

Grade AU50

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Aug 5, 1997

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Sold For: $4,140.00
Auction 1108 | Lot 3277 » Half Eagles » Liberty Half Eagles
1869 $5 AU50 PCGS. (PCGS# 8317)
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Service PCGS

Grade AU50

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Jun 2, 2008

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Sold For: $4,025.00
Auction 404 | Lot 2773 » Half Eagles » Liberty Half Eagles
1869 $5 AU53 ICG. A mere 1,760 business strikes were coined in 1869, presumably a token production to prevent the 25 proofs issued from becoming immediately coveted rarities. Gold coins did not circulate except on the west coast during this era, removed from circulation by unbacked Federal paper money. This glossy green-gold example is nicely struck, and unpleasant marks are absent.
From The Steve Glenn Collection. (PCGS# 8317)
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Service ICG

Grade AU53

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Apr 29, 2006

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Sold For: $3,737.50

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