SOLD – $10.00 – 1838 PCGS EF45, OGH

1838_10_P45.jpg
1838_10_P45.jpg
sold out

SOLD – $10.00 – 1838 PCGS EF45, OGH

13,500.00

Serial Number 8575.45/4313582

PCGS Lookup Number 8575

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The 1838 is one of the most popular dates in the entire Liberty Head eagle series due to its status as a distinct first-year-of-issue. It features the first incarnation of the Gobrecht design, which was modified in 1839. Only 7,200 were struck and under 100 are likely known today with most in the VF-EF range.

This choice example is housed in an old green label holder and it appears to be finer than its current EF45 grade suggests. It is well struck and nicely toned with old, natural orange-gold hues over surfaces which appear to be free of significant marks and which retain some luster. There are some light old hairlines seen on both sides but the overall appearance is outstanding. In my experience, the vast majority of 1838 eagles have negative eye appeal due to zealous cleaning(s) and extensive abrasions.

There have been six APR’s for PCGS EF45 1838 eagles since August 2006 and the most recent, ex Heritage 9/11: 4370, was a low end piece which still brought $10,350.

The 1838 eagle is an issue with true multiple levels of demand and it appears on numerous want lists. This is a really pleasing example which should satisfy most collectors.