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    Description

    1834 Classic Head Five, MS65
    Plain 4, McCloskey 2-B
    Rarely Offered So Well-Preserved

    1834 $5 Plain 4 MS65 PCGS. Breen-6502, McCloskey 2-B, R.3. Second Head. The gold weight of U.S. gold coinage was reduced in 1834 to bring its intrinsic value in line each denomination's face value. This measure achieved the desired effect of restoring gold coinage to circulation for the first time since 1821. To signify the change in specifications, the design of the half eagle and quarter eagle was changed to William Kneass's Classic Head motif. A substantial mintage of 657,460 pieces was accomplished for the half eagle in 1834, making the issue reasonably available in lower Mint State grades today. However, the date becomes scarce at the MS64 grade level, and Gems are rarely seen.

    The last PCGS-graded Gem Plain 4 coin that we handled was in lot 5649 of the August 2014 ANA Signature, which realized $99,875. Such is the rarity of Classic Head gold above MS64. In fact, PCGS has certified only 18 Classic Head half eagles in MS65 and finer condition, all date and mints included. Of the 1834 date, the grading service reports five Gems and two Premium Gems, all representing the Plain 4 variety. We have not handled a Premium Gem since 2011, and we have not seen a PCGS-graded Premium Gem since 1994. The MS65 coin offered here is truly among the finest PCGS-certified 1834 Classic Head fives available to collectors.

    Each side displays bright peach-gold mint luster and semiprooflike fields. The stars are sharp, and central strike weakness is restricted to the left edge of the reverse shield and the hair curl near Liberty's ear on the obverse. A few faint luster grazes on each side are detected with a loupe but fail to detract from the eye appeal. An impressive coin in all respects.(Registry values: P1)

    Coin Index Numbers: (NGC ID# E2KE, PCGS# 8171)

    Weight: 8.36 grams

    Metal: 89.92% Gold, 10.08% Copper


    View Certification Details from PCGS

    Auction Info

    Auction Dates
    August, 2019
    14th-18th Wednesday-Sunday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 335

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