LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

3175

1848-D/D $5 AU58 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:9,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1848-D/D $5 AU58 PCGS
<B>1848-D/D $5 AU58 PCGS.</B></I> Ex: Green Pond. Variety 19-N. A dramatic blundered die with the initial placement of the D mintmark about 50% below its final placement. Die State I with the first mintmark punch plainly seen under light magnification. One of the earliest die states known of this variety and very desirable as such.<BR> This piece is tied with three other AU58 examples, and PCGS has certified two finer coins. However, the PCGS population data does not take into account the different die states, and not all of those certified as D over D pieces actually qualify for a premium.<BR> The present coin is very sharp on both the obverse and the reverse. In addition, the first mintmark punch is as sharp as we can recall seeing. The surfaces are exceptional for the variety. There are a few light marks on the obverse including a shallow abrasion below the eye of Liberty and some scratches just past star 7. The reverse shows some light marks in the fields but is free of anything detracting. There are a few strong clashmarks on the reverse above and below the eagle's left (facing) wing and behind its head. A good deal of original frosty luster clings to the surfaces. The obverse has probably been lightened at one time but it is naturally retoning to a light green-gold hue. The reverse shows pleasing, natural medium green-gold with an orange-gold overtone.<BR> This is an exceptional coin for the variety. It is well struck, very clean and lustrous, and shows relatively good coloration. It is unlikely that a significantly finer example exists.<BR><I>Ex: Doug Winter; Green Pond Collection (Heritage, 1/2004), lot 1051.</B></I><BR><BR><B>Coin Engraver:</B> Christian Gobrecht<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot