SOLD – $10.00 – 1843 NGC AU55

1843_10_N551.jpg
1843_10_N551.jpg
sold out

SOLD – $10.00 – 1843 NGC AU55

3,250.00

Serial Number 595059-007

PCGS Lookup Number 8588

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Double Punched Date (variety not designated on insert by NGC).

The 1843 is an overlooked date which is scarcer in all grades than its mintage of 75,462 would indicate. It is typically found in the EF40 to AU50 and is seldom available with original color and choice surfaces. The 1843 is very scarce in properly graded AU55 to AU58 and it is extremely rare in full Mint State with just two to three known. The best I have ever personally seen is a PCGS MS61 which is ex Superior 4/03: 414; it sold for $15,525.

This example is one of the few truly original 1843 eagles which I have seen. It appears to have “Euro” color and it may well have been one of the coins found in a huge hoard of American gold in the 1990′s. The color is a deep natural green-gold with some darkeing on the highlights from storage. The strike is quite sharp and there are fewer marks than usual seen in the fields. Beneath the toning, there is some frosty luster remaining.

The last NGC AU55 example of this date to sell at auction was Heritage 9/10: 5434 which brought $3,738; this coin was pedigreed to the S.S. Republic. For non-shipwreck examples, the range for NGC AU55′s at auction has been $2,875-2,990 but none of those results (four; from 2008 and 2009) were for original surfaced coins.

A good coin for the collector who seeks interesting 1840′s higher denomination gold