1838-D $5 HM-1 MS(PCGS#765270)

The Summer 2022 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

5056

等级

MS62

价格

785,996

详细说明

Important Mint State 1838-D Half Eagle Semi-Prooflike Early Die State 1838-D Classic Head Half Eagle. HM-1, Winter 1-A, the only known dies. Rarity-3. MS-62 (PCGS). Die Variety: HM-1. Obverse 1: The only 1838-D obverse die in the half eagle series, with the D mintmark above the left side of the 3 and repunching to the digits 183 in the date. Reverse R: The only reverse die of the issue, with the bottom two azure lines extending into the shield border at both left and right. The 1838-D HM-1 represents the only appearance of both of these dies in the Classic Head half eagle series. Die Emission Sequence: Only a single die pairing is known for this issue, which accounts for the Dahlonega Mint's entire reported half eagle mintage for calendar year 1838. Die State: The Virginian Collection specimen was struck from the early state of the 1838-D HM-1 dies, before polishing, and exhibits crisp detail to Liberty's forehead curl, forward hair wave, and the feathers within the eagle's right leg. This is a very rare die state for the issue with only five or six examples known (per Daryl J. Haynor, 2020). Estimated Surviving Population for the Variety: 200 coins in all grades (per Daryl J. Haynor, 2020), or 100% of extant 1838-D Classic Head half eagles as this is the only die variety of the issue. Strike: In keeping with the fact that the 1838-D is a better struck issue than its 1838-C counterpart, this piece exhibits razor sharp to full detail to virtually all design elements. The reverse border is soft from 10 to 5 o'clock, however, but this does not interfere with appreciation of the focal features. Surfaces: Exceptionally well preserved for both the issue and the assigned grade, both sides display only wispy hairlines and other, equally light marks from collector handling. Outstanding luster quality ranges from frosty over the design elements to semi-prooflike in the fields. Bright olive-gold color adds to the appeal of this beautiful coin. Commentary: One of the most significant offerings from the extraordinary Virginian Collection, this is the CC#4 for the issue in the 2020 Haynor listing and the CC#6 coin in the 2013 Winter listing. Haynor further observes that it is the finest known early die state 1838-D half eagle, with no die polishing to semi-prooflike surfaces. This is a remarkable strike and condition rarity for the first Dahlonega Mint half eagle and the only one of the brief Classic Head design type. Destined for another advanced gold cabinet, where it will serve as a leading highlight. Provenance: From the Daryl J. Haynor Virginian Collection. Earlier Heritage's sale of the North Georgia Collection, January 1999 FUN Signature Sale, lot 7674; Heritage's Long Beach Signature Sale of June 1999, lot 6518; Green Pond Collection; Heritage's January 2004 FUN Signature Sale, lot 1038; private collector, via Doug Winter. The plate coin for the 1838-D HM-1 variety in the 2020 Haynor reference on Classic Gold coinage, and for the issue in the second edition of Doug Winter's book on Dahlonega Mint gold coinage. PCGS Population: 6; 2 finer (both MS-63). PCGS# 765270. NGC ID: 25S6. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.