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    Description

    1838-D Classic Head Five, AU58
    Inaugural Dahlonega Coinage

    1838-D $5 AU58 NGC. McCloskey 1-A, R.3. The branch mint at Dahlonega, Georgia was established to service local gold miners. Throughout its operation from 1838 to 1861, it only struck gold coinage in denominations of the half eagle and smaller. These coins circulated locally and many were lost to attrition.

    Coinage operations began in 1838 with the half eagle. Production amounted to 20,583 coins that first year, with only a tiny percentage of those pieces surviving today for collectors. This debut D-mint issue is rarely offered in a condition considered to be Uncirculated, and high-end AU coins are scarce. The vast majority of the survivorship grades VF to low-end AU. This high-end AU coin is exceptional. Detail is sharp, and the natural greenish-gold and olive surfaces are satiny and smooth. Hints of luster remain in the protected peripheral fields. Census: 22 in 58, 11 finer (11/19).(Registry values: P4) (NGC ID# 25S6, PCGS# 8178)

    Weight: 8.36 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    January, 2020
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 304

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    We also followed the bidding online yesterday here in Salt Lake for the other 3 coins - great fun. Prices realized met or exceeded our expectations.
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    Salt Lake City, UT
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