1865 $5 AU50 NGC....

Description

1865 Five Dollar, AU50
Only 30 to 40 Pieces Known
An Underrated Philadelphia Rarity

1865 $5 AU50 NGC. The 1865 half eagle is a major No Motto rarity and is significantly underrated when compared to Southern branch mint issues with similar paltry survival rates. PCGS estimates that only 30 to 40 pieces are known in all grades, from a mintage of just 1,270 coins. NGC has certified an example of this issue on only 25 occasions, including likely duplication. In his Analysis of Auction Records, David Akers documented only 28 auction appearances for this issue in all grades from 1941 to 1979. According to our Permanent Auction Archives, the appearance rate of this issue has not increased significantly since that writing, which adds credibility to the low survival estimates of today. Moreover, the rarity of the 1865 half eagle overall makes the grade of the coin less important. It is challenging enough for a collector simply to secure a chance to bid on a piece. This year's ANA Platinum Night auction offers just such an opportunity.

Sharp design elements exhibit little wear, and the attractive orange-gold color is even across both sides. Heavy abrasions are typical of the issue and none are individually significant. Half eagle collectors should not pass up this rare opportunity to acquire one of the lowest-mintage issues in the entire series, regardless of mint. Census: 3 in 50, 17 finer (6/18).(Registry values: P8)

Coin Index Numbers: (NGC ID# 25VW, PCGS# 8298, Greysheet# 8911)

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