SOLD – $10.00 – 1846 NGC MS61+

1846_10_N61plus.jpg
1846_10_N61plus.jpg
sold out

SOLD – $10.00 – 1846 NGC MS61+

28,500.00

Serial Number 3814021-002

PCGS Lookup Number 8594

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A CONDITION CENSUS EXAMPLE OF THIS SCARCE DATE

The 1846 is the second rarest Philadelphia eagle from this decade after the 1844. There are around 100 known with most in the EF40 to AU50 range. This date becomes rare in the higher AU grades and it is extremely rare in Uncirculated with just three or four known. In fact, until a pair of Uncirculated pieces were discovered and sold in 2008, the present example might well have been the finest known.

This somewhat prooflike example shows pale yellow gold color and has much of its natural luster intact. It is well struck and lightly abraded with good overall eye appeal. In the left obverse field, there is a small grease stain and the lower right obverse field shows a small reeding mark from contact with another coin.

The finest known 1846 eagle is a PCGS MS62+ now in a California collection, ex Simpson-Hall, which sold for $51,750 as Heritage 9/08: 3853. The second finest is an NGC MS62, ex Heritage 10/08: 2215, which I bought for $40,250 as Heritage 10/08: 2215. The present example is the third finest known and an NGC MS61, which sold for $22,050 as Heritage 9/04: 7661, rounds out the list of pieces graded Mint State.

This piece has been off the market for years and, to the best of my knowledge, hasn’t appeared for sale at auction. A very important coin for the Liberty Head eagle specialist.