SOLD
32,500.00USDto floor+ buyer's premium
This item SOLD at 2007 May 11 @ 01:03UTC-06:00 : CST/MDT
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<B>1858 $5 MS65 PCGS.</B></I> In 1839, the design of the half eagle was changed from the Classic Head to Christian Gobrecht's Liberty Head design. This motif was continued through 1908. The 1858 is a rare date in all grades and the first year in a 20-year run of scarce, low mintage half eagles from the Philadelphia Mint. Only 15,136 half eagles were struck there during the year, and the 1858 is elusive any better than XF. In Mint State, this piece is in exclusive company. When David Akers reviewed the appearances of 1858 half eagles back in 1979, he was only able to account for 11 listings of Mint State examples in 337 major auction sales, a figure that may well have included duplicate appearances. This is one of only 14 Mint State 1858 half eagles graded by PCGS and the only Gem, with none finer. As well, it is one of only 25 Gem or finer Liberty Head No Motto half eagles graded by PCGS for the entire 28-year run.<BR> Sharply struck around the peripheries, there is slight weakness evident on Liberty's hair curls and on the eagle's neck, as usual. The softly frosted surfaces are free from any mentionable distractions, and there are scattered bits of reddish patina on the obverse, apparently from the gold/copper alloy.<BR> In <I>A Guide Book of United States Type Coins,</B></I> Q. David Bowers notes, "Mint State pieces are in the minority, and choice and gem pieces are quite rare." Without question one of the finest known 1858 half eagles, this coin may not be seen again for many years and is worth a generous bid from the alert specialist.<BR><I>From The Palakika Collection.</B></I><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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701 Convention Plaza, St. Louis, Missouri, United States
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