ON HOLD - $5.00 - 1865 PCGS AU53 CAC

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sold out

ON HOLD - $5.00 - 1865 PCGS AU53 CAC

25,500.00

Date…….1865
Grade…….PCGS AU53 CAC
PCGS Price Guide.….…...22500
Population (PCGS).…………...5/7
Population (NGC).…….……...4/13
Population (CAC).……..……….1/2
Serial Number…….8298.53/5652590
PCGS Lookup Number…….8298

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RARE PCGS/CAC AU53 1865 HALF EAGLE, OFF THE MARKET SINCE 2000

The 1865 is the second rarest No Motto half eagle from the Philadelphia mint after the 1863. A scant 1,270 were made for circulation of which well under 50 are known in all grades. This date is very rare in properly graded AU with under a dozen extant. I am aware of just two in Uncirculated (both MS61), one of which I placed in a prominent Civil War gold collection a few years ago.

When it rains, it pours. I hadn’t handled a nice 1865 half eagle in years and with the recent purchase of this coin, here is the second in under a month. The present example has been off the market since 2000 and it is in an older holder with the provenance (see below) noted by PCGS. In my opinion, this coin is a no-brainer AU55 with warm golden-orange color over very lustrous and lightly abraded surfaces. The eye appeal is absolutely first-rate for the date.

Including this coin, there have been exactly three PCGS AU53 1865 half eagles sold at auction since 1999, with the most recent APR (for a not-choice, non-CAC example) at $20,400 set by Heritage 3/19: 3278. No PCGS AU55s have crossed the block since the late 1990s.

There are just three CAC approved 1865 half eagles: this coin, an NGC AU55 which I just sold, and an MS61 mentioned above. The present coin is the only one of these which is likely to be made available in the coming years.

Ex Bowers and Merena 5/2000: 501 ($5,980), ex Harry Bass Collection.

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