1857-D $5 MS62 PCGS. Variety 34-DD....

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Sold on Jan 5, 2012 for:

$21,850.00 Bid Source: Live: Floor bidder

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Description

1857-D Half Eagle, MS62, Ex: Bass
Sharply Struck and Pleasing

1857-D $5 MS62 PCGS. Variety 34-DD. Ex: Bass. Formerly offered as lot 473 in the Bass III sale, where it was described in part as:

"This is an extremely rare coin and is among the very finest known. Extremely sharp strike with frosty, brilliant yellow gold luster. Only occasional surface marks are noted, as expected. With a high degree of aesthetic appeal, which is quite unusual. Doug Winter noted: 'The majority of 1857-D half eagles do not have especially good eye appeal. This is the result of poor strikes, inferior planchets and numismatic abuse. Any example with good eye appeal is quite rare.' This example, which may qualify as second finest known is equal in quality to the plate coin in the Winter reference. However, the present piece is much more sharply struck.
"Date logotype fairly shallow in the die -- more resembling a typical Philadelphia Mint half eagle than one from Dahlonega."

Since those words were written in 2000, the population data have changed little. Both NGC and PCGS each show three pieces certified in MS62, with two finer, which could in reality represent only a small handful of individual coins (11/11).
Ex: Purchased from Joe Flynn, March 17, 1978; Bass III (Bowers and Merena, 5/00), lot 473; Ashland City Collection/FUN Signature (Heritage, 5/2003), lot 4798; FUN Signature (Heritage, 1/2008), lot 3188.(Registry values: P3)

Coin Index Numbers: (NGC ID# 25V4, PCGS# 8273, Greysheet# 9023)

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.

View Certification Details from PCGS