1859-C $5 MS63 NGC....

Description

Impressive 1859-C Five, MS63

1859-C $5 MS63 NGC. Variety 27-M, the only known die pair for the 1859-C half eagle. The 1859-C is not particularly rare in circulated grades but any Mint State piece is a major rarity. Grading these coins is a challenge, due to the physical characteristics. The reverse is always weak, due to a poorly prepared reverse die. It seems that the hub failed to make a complete impression. Perhaps the die was only hubbed once, instead of twice. Whatever the reason, the poor appearance of the die was transferred to each coin struck from it.
In his Charlotte Gold book, Doug Winter traces just five Mint State examples of the 1859-C half eagle. The five coins include the Eliasberg coin, now PCGS certified MS66 and far finer than any other; the "Elrod Duplicate" that is NGC graded MS63; the North Georgia Collection PCGS MS62; the Pittman coin, NGC graded MS62; and the Winter plate coin, PCGS MS60. The present piece may be one of the five, or perhaps a new appearance. As the single finest example that NGC has certified, it is likely that this coin is the "Elrod Duplicate" specimen.
The obverse has impressive green-gold color, with traces of faint blue accents. The reverse is similar, with slight orange tendencies. The design elements are essentially full, except for slight weakness as described on the reverse. This is one of the finest specimens to come on the market, and it should receive considerable bidding activity.(Registry values: P4)

Coin Index Numbers: (NGC ID# 25VC, PCGS# 8281, Greysheet# 9029)

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 NGC