1848-C $5 MS64 PCGS Secure. CAC. Variety 1....

Description

1848-C Five, Semiprooflike MS64
Tied for Finest Known

1848-C $5 MS64 PCGS Secure. CAC. Variety 1. There are two wonderful, high-grade examples known of this date and it is six of one and a half dozen of the other which is the "best." The present example has wonderful yellow-gold color and glowing semiprooflike texture in the fields, an unusual trait for this date. The strike shows just a bit of softness in the centers on both sides but is certainly not an impediment to this coin's beauty. There is a shallow vertical mark at the end of Liberty's chin and a small cluster of marks between star 5 and the chin; the reverse shows a few moderate grease stains as made. A coin of impeccable beauty with a great pedigree to boot.
The grade distribution of the 1848-C half eagle is similar to that seen for the quarter eagle of this date. Both issues are reasonably common in VF and XF grades, scarce in the lower AU range, rare to very rare in properly graded AU58, and extremely rare in Uncirculated. There are around five 1848-C half eagles that are fully Mint State coins and the two finest are clearly the example in the Cherokee County collection and another MS64.
Ex: Michael Brownlee; to Harry Bass in March 1972; Bass I (Bowers and Merena, 10.1999), lot 990, that brought $50,600; Long Beach Signature (Heritage, 2/2000), lot 6689, where it realized $47,150; FUN Signature (Heritage, 1/2009), lot 1506, that brought $57,500; FUN Signature (Heritage 1/2010), lot 2184, where it sold for $57,500.
From The Cherokee County Collection.(Registry values: P4)

Coin Index Numbers: (NGC ID# 25TT, PCGS# 8237, Greysheet# 8988)

Weight: 8.36 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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