LOT Old Heritage Auctions  /  2008 February Long Beach Signature Coin #460  / 

2541

1859-C $5 MS63 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:24,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1859-C $5 MS63 NGC
<B>1859-C $5 MS63 NGC.</B></I> Variety 27-M, the only known die pair for the 1859-C half eagle. The 1859-C is not particularly rare in circulated grades but any Mint State piece is a major rarity. Grading these coins is a challenge, due to the physical characteristics. The reverse is always weak, due to a poorly prepared reverse die. It seems that the hub failed to make a complete impression. Perhaps the die was only hubbed once, instead of twice. Whatever the reason, the poor appearance of the die was transferred to each coin struck from it.<BR> In his Charlotte Gold book, Doug Winter traces just five Mint State examples of the 1859-C half eagle. The five coins include the Eliasberg coin, now PCGS certified MS66 and far finer than any other; the "Elrod Duplicate" that is NGC graded MS63; the North Georgia Collection PCGS MS62; the Pittman coin, NGC graded MS62; and the Winter plate coin, PCGS MS60. The present piece may be one of the five, or perhaps a new appearance. As the single finest example that NGC has certified, it is likely that this coin is the "Elrod Duplicate" specimen.<BR> The obverse has impressive green-gold color, with traces of faint blue accents. The reverse is similar, with slight orange tendencies. The design elements are essentially full, except for slight weakness as described on the reverse. This is one of the finest specimens to come on the market, and it should receive considerable bidding activity.<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>)
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