ON HOLD - $10.00 - 1839 Type of 1840 PCGS AU50

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sold out

ON HOLD - $10.00 - 1839 Type of 1840 PCGS AU50

17,500.00

Date…….1839 Type of 1840
Grade…….PCGS AU50
PCGS Price Guide……...19000
Population (PCGS)…….5/7
Population (NGC)……...5/19
Serial Number…….8580.50/25640405
PCGS Lookup Number…….8580

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RARE 1839 TYPE OF 1840 $10 GRADED AU50 BY PCGS

The 1839 Type of 1840 is one of the scarcer No Motto eagles from Philadelphia. In fact, among the dates struck prior to the Civil War, only the 1844 compares to the 1839 Type of 1840. There are an estimated 50-60 pieces known and most are lower grade as this issue appears to have circulated extensively. Fewer than a dozen are known in AU with maybe three or four of these being “nice” and the finest known is a killer NGC MS64 which last sold in 1998 for $143,000.

This piece appears to have never before appeared for sale and it is one of the very few examples of this issue I have seen with mostly original color and choice surfaces. Both sides show natural green-gold hues which are “right” for the date and the surfaces retain more than enough luster to qualify for the assigned grade. The strike is well better than normal with many of the stars showing full radial lines while there are fewer marks than normal. If you look at images of other 1839 Type of 1840 eagles graded EF45 to AU53 by the services, you will note that this piece has far better eye appeal than normal.

No PCGS AU50 example of this variety has sold at auction since January 2002 and in this period only two NGC AU50’s have traded. In August 2018, Heritage sold a very low end PCGS EF45 for $11,400 and this was the only example so graded by PCGS to sell at auction since August 2000. In fact, the only nicer 1839 Type of 1840 $10 to sell in over a decade was an impressive PCGS AU55 which brought $66,000 as Heritage 2/18: 4222.

If you are a sophisticated collector of Liberty Head eagles, you know how rare this date is and you also know how ugly the great majority of the slabbed AU pieces are. I was disappointed that this piece didn’t sticker at CAC as I feel it deserves to have; perhaps it might if resubmitted.