SOLD – $10.00 – 1843-O PCGS MS61 CAC, ex Bass

1843O_10_P61_CAC.jpg
1843O_10_P61_CAC.jpg
sold out

SOLD – $10.00 – 1843-O PCGS MS61 CAC, ex Bass

21,000.00

Serial Number 8589.61/5652655

PCGS Lookup Number 8589

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Bass Collection pedigree.

The 1843-O is one of the more available New Orleans eagles from the 1840′s. But as with all New Orleans eagles from this decade, with the exception of the 1847-O, it is very rare in Uncirculated. There are probably no more than four or five known in Mint State. The finest is an NGC MS64 which brought $58,650 as 2006 ANA: 4313; the next finest is a PCGS MS62 owned by a New England collector. The present example is likely the third finest and it is clearly the best available 1843-O eagle.

When you look at this coin with the naked eye, what is most noticeable is its “glow.” This is found on uncleaned, original coins and, alas, it is not seen that much anymore. The luster is very frosty in texture and the color is an exceptional rich even orange-gold. The strike is sharp except for the curl right below TY in LIBERTY and there is no weakness on the eagle’s legs or claws. The surfaces show assorted scuffmarks which are consistent with the grade and these are most noticeable in the obverse fields.

The last MS61 1843-O eagle to sell at auction was an NGC coin, ex Stacks 3/09: 5995, which brought $17,250. In Heritage’s 10/10 sale, an 1844-O graded MS61 by PCGS, and not approved by CAC, realized $18,400.

The market for very high quality No Motto New Orleans eagles is as strong as I can ever remember as collectors finally appreciate the rarity of these coins. Despite this appreciation, few coins have been available in the last three to five years.

Here is a coin that has it all: rarity, great appearance, high demand and impeccable provenance. I last handled this exact coin in 2004 and it has been off the market for close to a decade.

Ex B+M 8/04: 1566 at $12,075, Bass IV (B+M 11/01) at $8,625, Stack’s 5/65: 451.

CAC has approved two in this grade with none finer.