SOLD – $10.00 – 1845 NGC AU58

1845_10_N58.jpg
1845_10_N58.jpg
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SOLD – $10.00 – 1845 NGC AU58

6,250.00

Serial Number 3577650-002

PCGS Lookup Number 8592

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The 1845 is one of three scarce, overlooked Philadelphia eagles from this decade, along with the 1844 and the 1846. It is not nearly as rare as the former but it compares to the latter, especially in high grades. The typical 1845 grades EF40 to AU50 and it is extremely scarce in properly graded AU55 to AU58. I believe that just two or three exist in Uncirculated with the finest being the Miller coin (ex Heritage 10/95: 6250) graded MS62 by PCGS; it sold for $16,500 and would bring much more today.

This piece must have been among the first 1845 eagles struck from these dies as it retains a good deal of reflectiveness on both sides. The strike is very bold with just a bit of weakness at the very center of the obverse. There is no real wear but some friction can be seen on either side and the fields are moderately abraded; possibly as the result of being jostled while loose in a bag. The color is a nice light green gold and this piece is impressive both for the date and grade.

There have been just five auction records for AU58 examples of this date since 2002 and all were graded by NGC. The last record was Heritage 1/08: 4398, which brought $4,830 in a market which was far less appreciative of rare Liberty Head eagles.

For all intents and purposes, this is about the best available quality for this date as evidenced by the fact that the combined NGC/PCGS population of 1845 eagles in grades above AU58 is just four.

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