May 28, 2001, The Fairchild Family Trust Collection, Sale 10

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$5 Gold

Lot 1345 Click on photo for enlarged version Click on photo for enlarged version
1795. Small eagle, Miller-9, Rarity-4. VF-20. Cleaned long ago and nice today for the grade. The surfaces show no other problems, and the wear is smooth and even. This is an important first year of issue type, and the first year the denomination was coined. Clean rims and generally problem free for the grade, aside from the minor cleaning.
Estimated Value $4,500-5,500.

Near Mint State 1796/5 Half Eagle

Lot 1346 Click on photo for enlarged version Click on photo for enlarged version
1796. Small eagle, 6 over 5, Miller-16, Rarity-5. PCGS graded AU-55. Here is a very rare coin that has been off the market for quite some time. The surfaces are better than average for the grade, but not quite choice, as minimal handling marks can be seen with the aid of a glass. Note the fine engraving of both the obverse and reverse, each star is full, and great care was taken in the placement of each so that no point overlapped the neighboring star, and the tenth star just touches Liberty's cap. Similar on the lettering, some touch, others just miss each other. The engraver had some trouble with AME, and the serifs of the M overlap both surrounding letters as there simply was not enough space to squeeze all three in without overlapping the eagle's wing.
As to the overdate, it is clear with the aid of magnification, with the large 5 partially hidden beneath the 6. Free of adjustment marks or other problems, just minor handling ticks from brief circulation. Identifiable by a small tick between the second star and Liberty's curl, and another vertical mark in her drapery above the 7. On the reverse, we note a dull mark at the top of the F in OF. Most of the breast feathers are present on the eagle, and the coin shows complete detail throughout.
Estimated Value $15,000-20,000.
Purchased from Abner Kreisberg many years ago, a few blocks up the street from our offices on Beverly Drive.

Lot 1347 Click on photo for enlarged version Click on photo for enlarged version
1798. Large eagle, large 8, 13 star reverse, Miller-31, Rarity-5. EF-45. This is a later die state, which is very rare, note the reverse die crack between S and OF and another extending down to the eagle's head. The star cross pattern in the stars over the eagle's head is very unusual, and makes for quick identification. Probably cleaned long ago as the fields are too reflective. Red and copper toning around the date, and well struck by the dies.
Estimated Value $2,000-2,500.

Choice Mint State 1806 Pointed 6 Half Eagle

Lot 1348 Click on photo for enlarged version Click on photo for enlarged version
1806. Pointed top 6, Miller-79, Rarity-6, 8 X 5 stars. PCGS graded MS-63. This is an important type coin which is downright hard to find in mint state grades. Frosty luster abounds in the fields, and the surfaces are generally clean, keeping this in the choice category. This one is even free of the usual annoying adjustment marks, which are common on these early half eagles. An excellent coin to study, as the surfaces have no toning and each diagnostic is clear. Struck late in the reverse dies life, with a retained cud over the T in UNITED. PCGS has graded 16 this high, with just 3 graded higher, making this one of the best around.
Estimated Value $14,000-18,000.

Lot 1349 Click on photo for enlarged version Click on photo for enlarged version
1806. Round top 6, Miller-84, Rarity-2. PCGS graded AU-58. One thin scratch on Liberty's bust and well struck by the dies. Nice luster in the fields and well preserved. One of the most common half eagles, but still scarce.
Estimated Value $3,500-4,500.

Lot 1350 Click on photo for enlarged version Click on photo for enlarged version
1808 Miller-107, Rarity-3. PCGS graded AU-55. Nice luster and a decent strike on this one. No signs of adjustment marks or other problems, the rims, devices and fields are all clean for the grade.
Estimated Value $1,200-1,400.

The Finest Graded 1818 5D Over 50

Lot 1351 Click on photo for enlarged version Click on photo for enlarged version
1818. 5D over 50, Miller-125, Rarity-6. PCGS graded MS-65. This is the Finest Graded by either service! The surfaces of this magnificent gem are toned with hazy yellow hues that surround and enhance the devices. Each star and curl are fully struck on the obverse, and similar on the reverse where there is slight weakness on the eagle's craggy claws. Close examination notes a few trivial ticks on both sides, mostly in the fields, with the most notable behind the eagle's neck in the field. Liberty's face is quite clean.
A curious die error, the engraver first cut the denomination as "50" instead of 5 D. perhaps thinking he was engraving a half dollar reverse instead of a half eagle die. The error was noticed, and the appropriate D. (for Dollars) was engraved over the errant 0.
This is the only coin graded this high by PCGS of the variety, and there are none graded higher, making this likely the finest known, and certainly the finest graded. Color photo.
Estimated Value $125,000-175,000.

Mint State 1818 5D Over 50

Lot 1352 Click on photo for enlarged version Click on photo for enlarged version
1818. 5D over 50, Miller-125, Rarity-6. NGC graded MS-61. With typical bagmarks expected for the grade and well struck by the dies. The mispunched denomination is quite sharp, and the O sticks out on the left side of the proper D. Obviously the engraver was thinking half dollar, and not half eagle, when this reverse die was engraved! A popular error and well worth a good price. NGC has graded just 1 as such, with 6 graded higher.
Estimated Value $15,000-20,000.

Gem 1830 Large 5D Half Eagle

Lot 1353 Click on photo for enlarged version Click on photo for enlarged version
1830. Large 5D, Miller-158, High rarity-6. NGC graded MS-65. This stunning coin boasts lovely copper toning near the devices over lustrous fields. Liberty has a satiny appearance and shows no blemishes despite her age. Her broad cheek is shows no bagmarks or heavy scuffs. If one must find fault, the fields have minor hairlines, but not enough to keep this out of the gem class. Similar on the reverse, the proud eagle shows all feathers proudly, and the surfaces and fields show faint signs of handling. The toning on this coin is outstanding. As to the strike, it is full and complete, without weakness even on the upper curls of Liberty. This is an early die state, and fine die polishing lines can be seen, as well as recutting on stars eight, nine and twelve. Similar on the reverse, where recut letters can be seen and the D in the denomination has recutting noted on the inside upper curve, and on the upper post, just below the serif.
Without question, this is a very rare coin in any grade, NGC has graded just 5 of this variety, PCGS has graded only 11 of this date (PCGS does not differentiate between the Large 5D and Small 5D). Of the entire group of 16 coins graded, this one is the Finest, and almost certainly the Finest Known. PCGS has graded two 1830 half eagles as high as MS-64, the next level down for NGC is MS-63. Therefore, if you want clearly the finest, then here is the coin for you. Obviously most were melted or lost from the original mintage of 126,351.
Identifiable by a tiny planchet flake on and below the second leaf from the top on the reverse, and currently in NGC holder #380363-011. Color photo.
Estimated Value $100,000-UP.

Near Gem 1834 Half Eagle

Lot 1354 Click on photo for enlarged version Click on photo for enlarged version
1834. Plain 4. NGC graded MS-64. As a type coin this is an important and available date, even in this delightful state of preservation. Note the mint fresh luster in the fields and satiny face on Liberty. Well struck too, with full radial lines on each star, but some trivial central weakness is noted on Liberty's curls and the reverse shield and feather tips. Unlike most examples of this date, the fields and devices show very few signs of handling, normally these are found pretty baggy, and to obtain a near gem is well worth the premium over lower grades. NGC has graded 44 this high, with 5 graded higher. Hence, this is about as high a grade as one could expect to find, a notch higher and the price goes way up, and far fewer are known. Take time to view this lovely golden jewel and see if its the coin for you.
Estimated Value $9,000-11,000.

Lot 1355 Click on photo for enlarged version Click on photo for enlarged version
1834. Plain 4. PCGS graded AU-55. A beautiful example for the type collector, the surfaces are clean for the grade and some luster resides near the lettering and devices. Boldly struck with crisp details on the stars and curls. We note minor hairlines from circulation or handling.
Estimated Value $500-600.

Lot 1356
1834. Plain 4 and 1836. PCGS graded AU-53. The 1834 grades VF-25, the 1836 grades VF-30. There is a die crack from the rim near the fifth star down through Liberty's ear. Both are average for the grade. Lot of 2 coins.
Estimated Value $400-500.

Lot 1357 Click on photo for enlarged version Click on photo for enlarged version
1835. MS-60 Plus. Light cleaning hairlines as always seen on coins of this grade, but the surfaces are better than many. Nice gold color and relatively free of handling marks. Well struck and preserved, and perfect for the type collector.
Estimated Value $2,000-2,500.

Lustrous 1839 Half Eagle

Lot 1358 Click on photo for enlarged version Click on photo for enlarged version
1839. NGC graded MS-64. One of the finest graded of the date, with none graded higher by either grading service (NGC or PCGS). The fields show flashy mint luster and the devices are frosty. Minor handling marks are present, but none are deep or problematic. Sharply struck on all but a single star. Mellow gold in color, with a minor copper speck on the reverse. An impressive example of this first year of issue of the new type. NGC has graded only 6 this high, while PCGS has only graded a single coin this high. Breen notes two rust pits on Liberty's neck, one behind her love lock, the other at the base of her neck above the 8.
Estimated Value $25,000-35,000.

Lot 1359 Click on photo for enlarged version Click on photo for enlarged version
1839. PCGS graded MS-62. This is the first year of issue of this long-running type. Design by Christian Gobrecht, the obverse after Benjamin West, reverse after John Reich and William Kneass. The engravers for the dies were Christian Gobrecht and James Barton Longacre. Here is one of the finest to survive of this date, PCGS has graded 5 as such, with 5 others graded a notch higher, and a single coin above that. As to the surfaces, they are flashy, with most of the luster retained despite minor hairlines from the past. Examination with a loupe notes just a few handling ticks, with Liberty's cheek and neck fresh and clean. Boldly struck at the centers, with minor weakness noted in the denticles on the edge. Perfect for the type collector who needs this first year date.
Estimated Value $5,000-6,000.

Rare Mint State 1839-C

Lot 1360 Click on photo for enlarged version Click on photo for enlarged version
1839-C. NGC graded MS-60. Mintage for the year came in at 17,205. For a brief time the branch mints placed their mintmarks on the obverse, just above the date as seen here. Within a brief time the mintmarks were moved to the reverse, where they stayed for the rest of the century. This particular coin has nice surfaces, although there are extensive handling ticks to be expected for the grade. The strike is full at the centers and just a few stars are radial line challenged. Luster resides near the devices, and the coin has a pleasing appearance. One tiny planchet flaw below the 83 in the date will serve to identify this coin. NGC has graded 2 as such, with 5 graded higher. In NGC holder #289289-012.
Estimated Value $15,000-17,000.

Lot 1361 Click on photo for enlarged version Click on photo for enlarged version
1839-C. Sharpness of VF-30 but repaired on the edge at noon. This one has been lightly repaired on the edge at 12 o'clock. Well struck and with decent surfaces. We note a raised die line from Liberty's nose to the second star. Always in demand for the obverse mintmark.
Estimated Value $400-600.

Lot 1362 Click on photo for enlarged version Click on photo for enlarged version
1840. AU-50. This half eagle has a hidden scratch on Liberty's neck near her love lock, and another above the eagle in the field. Typical handling marks for a lightly circulated coin. Luster near the devices and well struck throughout. A scarce early issue of this popular type coin.
Estimated Value $700-800.

Nearly Mint State 1840-C

Lot 1363 Click on photo for enlarged version Click on photo for enlarged version
1840-C. NGC graded AU-58. This one is nicely struck for the date, with good center details even on the obverse, which is normally weak. Toned with lovely yellow-gold colors, especially around the periphery, and these mask several unimportant low-areas between the rim and stars. These low areas are similar to those seen on large cents of the era, and are a striking phenomenon. Although 18,956 were coined, most entered circulation and became quite worn, not so here, this one was plucked out of change and preserved for reasons unknown, and carefully passed down to us today. Quite rare this nice, NGC has graded just 5 this high, with only 3 graded higher. Don't wait for a better one, it might not turn up. An opportunity for the specialist.
Estimated Value $10,000-12,000.

Lot 1364 Click on photo for enlarged version Click on photo for enlarged version
1842. Small letters. PCGS graded AU-55. An extremely rare coin above EF in grade, this lovely AU-55 piece will certainly attract attention from knowledgable numismatists. Minor handling marks throughout, none deep. A touch of wear on the high points, and there is a dull scrape on the 2 in the date. This issue is believed to have been the first struck and delivered on April 30, 1842, with a total mintage of 12,682. A delight for the specialist. The recent PCGS Population Report shows only 2 have been graded this high, with a single coin graded higher, none have been graded in Mint State according to that service.
Estimated Value $4,000-5,000.

Rare Mint State 1842 Large Letters

Lot 1365 Click on photo for enlarged version Click on photo for enlarged version
1842. Large letters. PCGS graded MS-61. This is one of the finest known of the date, only a single coin has been graded higher (MS-63) by PCGS, and this coin is alone as MS-61. NGC hasn't graded any higher than AU-58. The surfaces are reflective, but the fields show numerous fine fritzies, or tiny handling marks which disturb the original surface. Near the devices, the reflective surface remains. There is some slight weakness on the lower right horizontal shield lines. Only 14,986 struck, and this is probably the second finest to survive of the entire mintage! An opportunity for the specialist to buy a true condition rarity.
Estimated Value $10,000-12,000.

Lot 1366 Click on photo for enlarged version Click on photo for enlarged version
1842-O. PCGS graded EF-45. Rare in high grade, most of these circulated down to much lower grades before being saved, or worse yet, melted! We note some minor circulation marks on Liberty and in the nearby field from the rough and tumble days in New Orleans. PCGS reports just 9 graded this high, with 7 graded higher.
Estimated Value $2,000-3,000.

Lot 1367 Click on photo for enlarged version Click on photo for enlarged version
1843-D. VF-20. Clean surfaces and appealing yellow-gold in color. We note a tiny die lump above the 3 touching Liberty's neck.
Estimated Value $400-500.

Lot 1368 Click on photo for enlarged version Click on photo for enlarged version
1843-D. VF-20. Average surfaces for a circulated gold coin of the period, but nice color and less wear than one would expect.
Estimated Value $400-500.

Nearly Choice 1843-O

Lot 1369 Click on photo for enlarged version Click on photo for enlarged version
1843-O. Large letters. NGC graded MS-62. Flashy and bright, with abundant luster in the fields and nicely frosted devices. The surfaces show moderate handling marks, but far fewer than one usually sees on these early half eagles. We note coppery toning on the high points of Liberty's curls and facial features. NGC in their recent Population Report shows only 3 graded as such, with 4 coins graded higher.
Estimated Value $10,000-15,000.

Lot 1370 Click on photo for enlarged version Click on photo for enlarged version
1844-C. NGC graded AU-58. Despite the mintage being interrupted on July 27, 1844 by a burglar, who burned down the Mint which halted production for a few years, a total of 23,631 were coined. Few survived in grades above EF, and this nearly mint state example is no doubt high in the condition census for the date. Well struck by the dies, and there are minimal handling marks on the coin. Some luster resides near the devices. NGC reports only 6 graded this high, with 4 coins graded higher.
Estimated Value $8,000-10,000.

Lot 1371
1844-O. VF-30. Nice surfaces for the grade, with minor handling lines on both sides.
Estimated Value $200-225.

Lot 1372 Click on photo for enlarged version Click on photo for enlarged version
1845-D. NGC graded AU-58. One of the more common dates from this mint, but downright hard to find in Mint State. This particular one is well struck and boasts mint fresh luster in the protected areas of the fields. Clean surfaces for the grade, with just a few minor handling ticks and not the heavy barrage often seen. One of 35 so graded by NGC, with a dozen graded higher.
Estimated Value $4,000-5,000.

Lot 1373 Click on photo for enlarged version Click on photo for enlarged version
1846. NGC graded MS-60. This is the small date version of the year. Typical handling marks in the fields, but with most of the luster and mint surfaces intact. Scarce in full mint state, and very few have been graded this high. NGC reports two graded higher, and this coin is alone as the only MS-60 graded of the small date variety.
Estimated Value $1,250-1,750.

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