SOLD – $10.00 – 1839, Type of 1840, PCGS VF30 CAC

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1839_10_P30_CAC-1.jpg
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SOLD – $10.00 – 1839, Type of 1840, PCGS VF30 CAC

5,750.00

Serial Number 8580.30/33903896

PCGS Lookup Number 8580

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VERY RARE 1839 TYPE OF 1840 EAGLE

The 1839 Head of 1840 is likely the third rarest No Motto eagle from Philadelphia, after the 1863 and the 1864 and comparable to the 1844. There are an estimated 50-60 known and many are in lower grades. This issue doesn’t get the recognition accorded to the first-year 1838 eagle but it is many times rarer.

This smooth, evenly worn example shows delightful natural green-gold color on the obverse and the reverse. There is some overall weakness of strike which leaves the radial lines in the stars and the wings a bit flat but I think this coin is actually closer to EF than it is “just” VF. The surfaces lack the usual detracting marks and the eye appeal is excellent. The obverse border shows the usual extensive die cracks and the scratches below the date are mint made and are diagnostic to the issue.

Only one VF30 example has sold at auction since 2004 and it realized $4,113 as Stacks Bowers 2012 ANA: 12423.

As the Liberty Head eagle series has grown more popular with specialized collectors, the appeal of rare issues such as the 1839 Head of 1840 have increased. This piece is the best available quality at less than $10,000 and it is a truly delightful coin.

CAC has approved just two for the entire date: this piece and an EF40.