1827 $5 MS(PCGS#8136)

The Regency Auction 51

拍卖行

Legend Rare Coin Auctions

批号

51

等级

AU58+

价格

524,824

详细说明

FROM THE DALE FRIEND COLLECTION, PART I. Only a single die pair was utilized in the production of the entire mintage of 24,913 half eagles in 1827; of which only 35-45 examples are estimated to survive, per John Dannreuther, and David Akers suggested around 20 are known. Today, BD-1 is listed as a Rarity-5+. Like many examples of this type, the majority of these were exported and melted down for their gold value, the bullion value being higher than the five dollar face value. A sort of cottage industry was born, leading to gold all but disappearing from commerce and led to a change in the coinage laws and content standards in 1834, as such it is interesting to note that the lowest grade seen by both NGC and PCGS is AU58. It is possible that lower grade coins in "details" or "genuine" holders. In the January 2020 FUN auction, a census of 16 known specimens was enumerated, three of which are impounded in museum collections. This is a very high end "GEM" quality AU, a true superslider that displays only the slightest hint of friction on the highest points. A bold luster remains, flashy and with hints of semi-reflective tendencies in the fields. There are some tiny ticks and small marks, which are noted with the aid of a strong glass, and do not detract from the outstanding visual allure of this nearly Mint State example. Rich golden coloration takes on accents of deeper orange that are fabulous. The details are crisply struck and the eye appeal is great. We marvel that after nearly 200 years this coin has not been cleaned, conserved, polished, or otherwise made unoriginal, like so many examples of this type. Ex Harvey B. Jacobson, Jr. Collection, Heritage, January 2012, lot 4678. Earlier, ex Superior, October 2000, lot 4595. PCGS 3, NGC 1, CAC 2. This is the only AU58+ graded at either service and a decade ago, this coin brought $54,625. We think this coin, in today's strong market for RARE early gold (see the results from Regency Auction 49 and 50) a superior rarity like this will bring prices exceeding published levels. Who knows when another example will become available in any grade, so do not let this opportunity pass you by! Good luck. Cert. Number 20962933 PCGS # 8136