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THE REGENCY AUCTION <strong>29</strong><br />
LOT 321<br />
$5 1836 PCGS MS64 CAC<br />
This is a gorgeous Classic Head half eagle! As a type, these<br />
rarely come so fine. The short lived series, struck from 1834<br />
to 1838, can be quite the challenge to collect in Choice Mint<br />
State, especially with a CAC bean. The Classic Head design<br />
by William Kneass is a transitional type, straddling the old<br />
tenor gold coins (1795-1834) and the long running Liberty<br />
head series. By the 1820s, the value of gold in the half eagle<br />
exceeded the $5 face value. The majority of the mintages<br />
were exported and melted, the profit pocketed. In 1834, the<br />
content of gold coins was changed, and the design changed.<br />
The Classic Head half eagle saw much more extensive<br />
circulation than the earlier types, so finding a CHOICE Mint<br />
State piece is indeed a challenge.<br />
The present coin has a great look. Sharply struck devices<br />
stand out with a strong definition, on both sides. The<br />
obverse die had broken by the time this one was struck<br />
with a bold bisecting die crack. The golden surfaces are<br />
frosty and offer a strong satin sheen to them, accented by a<br />
swirling cartwheel bloom. There are a few minor hints of<br />
contact, which are not serious and do not detract from the<br />
otherwise stunning eye appeal. This near-GEM is bested<br />
by perhaps as many as four coins graded at PCGS, making<br />
this one perfect for any high grade type set or specialized<br />
set of Classic Head fives.<br />
PCGS 16, NGC 7, CAC 3. The only PCGS/CAC coin to<br />
ever sell in auction realized $25,201 in June 2018. The<br />
current PCGS Price Guide value is listed at $26,000. The<br />
Pogue coin was just marginally finer, graded MS64+. A<br />
GEM will cost $70,000+! Good luck!<br />
PCGS# 8174 | ESTIMATE: $22,000+<br />
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