1838-C $5 MS(PCGS#8177)

1838-C $5 MS (PCGS#8177)

The Regency Auction 57

详细说明: THE BIG CYPRESS COLLECTION After discovery of gold in Georgia and North Carolina in the late 1820s and the growth of the American economy in the 1830s, demand for coinage outstripped the production capacity of the Philadelphia mint and in March 1835, an act of congress authorized the building of branch mints, including one at Charlotte, NC. The mint opened in December 1837, but coinage did not begin until March 1838. The first year of half eagle production saw 17,179 struck, using two die marriages. Estimates range from 175-250 survivors in all grades. The presently offered AU53 is struck from HM-1, a Rarity-4+ die marriage. Showing bright, yellow-gold color on both sides, the wear is limited to field friction, which you can see as microscopic lines. The details are pleasing, with decent definition. The reverse is dramatically rotated. The eye appeal is pleasing on this very scarce issue. PCGS 4, NGC 7. The only two AU-graded PCGS coins that sold since 2020 were an AU50 (ex Fairmont) that brought $21,600 in April 2022 and an AU58 (ex Haynor) that sold for $43,200 in August 2022. The current Collectors Universe value is $27,500 and we think this Big Cypress example will sell for that or more. Good luck. Cert. Number 30975659 PCGS # 8177