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Type Live Webcast Auction
Price Realized Lot Was Passed
Date Sold 4/28/2022


Lot # 386
Estimate 40,000.00 - 45,000.00 USD
Group - Category Coins & Paper Money - Coins - US
Lead $5 1843-O LARGE LETTERS. NGC MS64+*
Description
An important, conditionally RARE early New Orleans half eagle, this coin is tied for second FINEST at NGC, and tied with finest seen at PCGS. This is a truly AMAZING survivor. There were 101,075 half eagles struck at New Orleans in 1843, and it has been estimated in some numismatic sources that perhaps as many as 82,000 were of the Large Letters variety. David Akers's seminal research suggests that the mintages between the Large and Small Letters varieties were more evenly distributed. Doug Winter notes that this date is available in VF and XF grades, Uncirculated coins are VERY RARE. There are a small number in MS63 and MS64, lending credence to Doug Winter's assertion that a small hoard may have been dispersed at some time. Sharply struck on both sides, this near-GEM example shows only the slightest hint of weakness at the eagle's neck feathers and Liberty's hair curls. The luster is bold, with a strong satin glow, accenting a touch of very subtle reflection in the obverse fields. Wonderful, totally original splashes of coppery-rust colored toning on both sides, gently hugging the peripheries, that imparts a great look; attesting to its unconserved originality. Harry Bass owned one of the ex Ed Milas coins, graded MS64 (NGC); Milas owned another NGC MS64 coin that last sold in 2009. Eliasberg's coin was graded MS63/60. James A. Stack (Stack's, October 1994, lot 1104) was called Choice Brilliant Uncirculated. The Norweb Collection lacked an example. This near-GEM does not match any of the plates. PCGS 1, NGC 4. The most recent auction comparable is the PCGS MS63+ CAC that sold for $36,425 in our May 2018 Regency Auction. This coin is better than that coin. There has not been an NGC-graded MS64 coin sold in auction in over a decade (this is not that coin). The current Collectors Universe value is $60,000. NGC has graded a single MS65 finer, a coin we have not seen at auction. We would not be surprised if this coin surpasses the $46,750 record the James A. Stack coin brought 28 years ago. This is a stunning coin worthy of the FINEST collection of New Orleans gold or top tier set of $5 Libs. Good luck! Cert. Number 85861498002 PCGS # 8216
Name The Regency Auction 51
Auctioneer Legend Rare Coin Auctions, LLC
Type Live Webcast Auction
Date(s) 4/28/2022
Location P.O. Box 189
Lincroft, NJ 07738
Buyer Premium 17.50% Buyers Premium
Description
THE REGENCY AUCTION 51 Location Renaissance Schaumburg Hotel 1551 Thoreau Dr. N Schaumburg, IL 60173 Live Auction Location: Euphoria Room 2nd Floor Thursday, April 28, 4:00PM CT The Regency Internet Session Location: Online Only Soft Closing May 1st starting at 7:00PM ET Link:https://legendauctions.hibid.com/catalog/354738/the-regency-auction-51-online-session/ Lot Viewing Location: Bourse Floor Tuesday, April 26 2:00p - 6:00p CT Wednesday, April 27 9:00a - 6:00p CT Thursday, April 28 9:00a - 3:00p CT Lot Pick Up Location: Bourse Floor Friday, April 29 9:00a - 11:00a CT
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Bid Amount Bid Increment
0.00 - 199.00 10.00 USD
199.01 - 999.00 25.00 USD
999.01 - 1,999.00 50.00 USD
1,999.01 - 4,999.00 100.00 USD
4,999.01 - 9,999.00 250.00 USD
9,999.01 - 19,999.00 500.00 USD
19,999.01 - 39,999.00 1,000.00 USD
39,999.01 - 99,999.00 2,500.00 USD
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199,999.01 - 399,999.00 10,000.00 USD
399,999.01 - 999,999.00 25,000.00 USD
999,999.01 - 1,999,999.00 50,000.00 USD
1,999,999.01 - 9,999,999.00 100,000.00 USD
9,999,999.01 - 9,999,999.99 500,000.00 USD
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Buyer Premium 17.50% Buyers Premium