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FROM THE AURARIA COLLECTION: CHOICE CAC APPROVED PCGS AU58 1848-D HALF EAGLE In grades up through the lower range of About Uncirculated, the 1848-D is a fairly common member of the Dahlonega half eagle date run. In properly graded, sharply struck AU58, however, the 1848-D half eagle is really scarce and I regard it as a true rarity in Uncirculated. I am aware of seven or eight which grade MS60 or finer with the single best being a piece which a collector in South Georgia discovered in 2020. It was graded MS63+ by PCGS/CAC and it is identifiable by a planchet chip in the lower portion of Liberty’s neck. There are also two coins graded MS63 by PCGS (one with CAC approval) but these aren’t nearly as nice as the 63+. This coin has great “old time” color with very attractive yellow and green-gold hues which are even in hue and which are as natural as you’ll likely find on this—or any D mint half eagle. There is an ever-so-slight amount of rub seen on Liberty’s nostrils but you could put this coin in an MS61 holder and I’ll wager that it would still pass muster at CAC. A few luster grazes are seen in the obverse fields but they are nicely concealed by the depth of the color. For the sake of future identification, I must mention a spot at the F in FIVE which is almost certainly mint-made and which isn’t detracting in the least. Since 2016, three PCGS AU58 1848-D half eagles have appeared at auction. One brought $10,575 in September 2016, another realized $8,813 in July 2017, while the most recent sale was for $7,344 in September 2017. None of these three coins was approved by CAC and a PCGS/CAC 1848-D in AU58 has never been offered for sale. There have been a number of 1848-D half eagles in the Fairmont Hoard but as of April 2022, the single best from this source is a PCGS/CAC AU53. There is really nothing available for this issue in grades higher than AU58 with with the very low CAC population (see below) this is an especially good choice for an advanced set of Dahlonega half eagles. CAC has approved two in AU58 with two finer (both MS63).
