SOLD – $10.00 – 1846 PCGS AU53

1846_10_P53.jpg
1846_10_P53.jpg
sold out

SOLD – $10.00 – 1846 PCGS AU53

4,500.00

Serial Number 8594.53/31362610

PCGS Lookup Number 8594

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The 1846 is the second rarest Philadelphia eagle from this decade and it is among the rarer eagles from this mint struck prior to the Civil War. Of the 20,095 produced, there are around 100-125 known with most in the VF-EF range. Properly graded AU50 to AU55 pieces are rare and this date is very rare in the highest range of AU. I know of just a single fully Uncirculated coin, a PCGS MS62+ from the Simpson and David Hall collections.

This bright, lustrous coin has the body of an AU55 (and it was once in an NGC AU55 holder) but it is just a bit too “ticky,” in my opinion, to grade as such. These marks are pretty much the norm for the date as this issue saw heavy use in commerce and was not coddled by contemporary collectors; of which there were none.

There have been just three auctions records for PCGS AU53 1846 eagles since 2001 and the last one of these, ex Heritage 7/12: 4982, realized $4,456 despite have splotchy unappealing color.

This is a lot of coin for less than $5,000 and I have not handled any nicer ones than this.