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November 7, 2014

COIN OF THE WEEK

1830 $5 GOLD HALF EAGLE PCGS AU58
Click on Coin Image to enlarge

1855 Gold $1

1830 $5 PCGS AU58- $58,000.00

Very scarce "Fat Head" $5. The 1830 half eagle is a very curious issue, which was largely influenced by massive gold melting in the mid 1830's, only a few years after this issue had been struck. It has a mintage of 126,351 coins, struck by two different varieties using the same obverse die but a different reverse.

Combined, there are no more than 75 coins known of the 1830 half eagle, a miniscule 0.0006% of its original mintage. As can be imagined with such survival rates, as commonly seen for this type, this is a very rare issue which is seldom offered at auction or in fixed price lists.

Please contact me by email or telephone 1-941-291-2156 to reserve this great coin.

The varieties have been differentiated by a number of researchers and one grading company (NGC), although it is not a separate red book variety, so demand is virtually equal for the date. It is believed that the small D is the more available variety, although this might be misleading as most examples which are offered at auction are examples of the large D variety. In case these two varieties get separated in the red book and recognized as being major varieties further study is required to determine the relative rarity of BD-1 and BD-2, but for now this does not appear to be happening soon.

The 1830 half eagle is an example which correctly would be called small capped bust, small size type. The design was designed by John Reich, and first struck on larger planchets in 1813. Because of the increasing value of gold, the Mint continued with the same design on smaller, lighter planchets on 1829, until altering the gold content completely in 1834. Because of that, the majority of the old tenor coins were melted, creating many rarities. It is believed that less than 1% of the total 1830 mintage was still existent by the end of that decade, and it is obvious that heavy attrition took its toll at later times as well.


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NEW COINS ADDED - (The week of 11/07/2014)

1806 Bust 1/2c PCGS AU55

1804 Large 1C NGC PF65 BN

1799 $5 Small Stars Reverse, NGC AU55

1799 $5 Small Stars Reverse, NGC AU55

1803/2 $5 NGC MS62

1807 $5 Capped NGC MS63

1807 $5 Bust Left PCGS MS64

1814/3 $5 NGC MS64

1830 $5 PCGS AU58

1834 $5 Plain 4 NGC MS66 PL

1841-C $5 NGC AU58

1842-C $5 PCGS AU58, Large Date

1846 $5 Gold, Small Date NGC MS62

1847-C $5 Gold PCGS MS61

1847-C $5 Gold NGC MS62

1852-C $5 Gold PCGS MS61

1853-D $5 Gold PCGS MS63. Large D

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Phone:
1-941-291-2156
Email: TomPilitowski@yahoo.com


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