1061

1858-D $5 MS61 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1858-D $5 MS61 PCGS.
1858-D $5 MS61 PCGS. Large mintmark. Variety 35-DD. (per Doug Winter's second edition and revised attribution system). This reverse was also used in 1859. It is one of two reverses known for the 1858-D and it is quite a bit scarcer than the medium mintmark.RARITY INFORMATION: The 1858-D has a lower mintage figure than the 1857-D, but it is actually a somewhat more available coin. There are 125-150 pieces known with three dozen or so in AU and another seven to nine in Uncirculated. The two finest known are in the Duke's Creek Collection. One is graded MS64 by PCGS while the other is graded MS63 by the same service and is notable for being almost fully prooflike. We are also aware of three coins graded MS62 by PCGS and two or three graded as such by NGC.STRIKE: This is a very well struck 1858-D half eagle. It is reasonably well defined in the centers, and this is unusual as most are quite weak in this area. The stars have full radial lines in the centers and the denticles show no weakness.SURFACES: Some old diagonal hairlines on the obverse are well concealed by the coloration. For the grade, the surfaces are very choice with no serious marks visible to the unaided eye. A very small reverse rim defect at 9 o'clock is mentioned mostly for the sake of future identification. Many 1858-D half eagles were either poorly prepared or were roughly handled during their time in circulation. This piece was produced on a high quality planchet and escaped any time in commerce.LUSTER: Higher grade examples of this date generally have good luster and this piece is no exception. It is frosty and has not been impaired by previous cleanings or chemical enhancement.COLORATION: Lovely deep, rich orange-gold hues can be seen on the obverse and the reverse. This color is similar to the shades we have seen on the other high grade 1858-D half eagles that have been sold in recent years.EYE APPEAL: This is a very attractive coin. It is sharply struck and very lustrous with good coloration and surfaces. To our eyes, it looks as nice as other pieces we have seen graded MS62 and we would not be surprised if the final price realized was indicative of this.COMPARABLES: In our January 2003 Ashland City Collection Auction we sold an NGC MS61 as lot 4802 for $10,350. In our January 1999 North Georgia Collection Auction we sold a PCGS MS61 as lot 7713 for $9,430.PEDIGREE: Obtained from Doug Winter in October 1997. Earlier in the Paul Dingler Collection. This is the plate coin in the second edition of the Winter book on Dahlonega gold coins. It is listed in the current Condition Census as being tied for fifth finest known with a small number of other coins. Important notice: Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.