1840 half eagle brings $240,000
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Among a number of strong results in the Heritage FUN Platinum night, the one that jumped out at me was a coin I had some interest in but chose not to pursue - the 1840 half eagle in PCGS 65+/CAC. It is the highest graded 1840 at PCGS and the CDN/CAC price for this coin, which is the finest stickered coin, is $59,000.
I thought it might go for somewhere between $60-70,000. Instead, it brought $240,000. Glad I didn't waste time trying to figure out a bid for it but congratulations to the new owner.
Here's the TrueView:
"Look up, old boy, and see what you get." -William Bonney.
18
Comments
Magnificent
Beautiful coin. A great time to be a seller of top quality CAC gold. The sky is the limit in the current market.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 17 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Wow, that's amazing!!
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set:
https://www.ngccoin.com/registry/competitive-sets/16292/
Strong money bought that quarter for over $2m
Then there was that three coin sale.
The coin market is hot.
Super!
It’s a beautiful coin, but that sure sounds like a burial to me.
Very cool.
Hoard the keys.
I was looking at that coin, but never ever imagined it would go for a price like that. Wow, just wow!
I have posted for awhile on these boards that top pop or condition census gold coins that are CAC will in my opinion explode in price. Here is an example.
You have been saying that for a while now and this week’s auctions have proven you correct! Only wish I owned more of them!
Golden opertunity
I think the peak is here. Time for many collectors to take a profit and run.
I would wager CAC had nothing to do with the price that coin brought. Registry set guys were after it IMHO!
I’m a Registry player and my last two purchases were an 1829 $5 and an 1863 $2.5, and I for one only buy CAC gold. Gold can be tricky, and at these price levels I appreciate having a third party opinion.
Throw the price guides out on that one.
Love the look!
I'm I the only one bothered by those red spots on the obverse and reverse?
What are those, "copper spots?"
Probably not that noticeable in hand, though they are very distracting in the photos.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
The coin market is starting to mirror the high end top pop sports card market albeit it still lags way behind even with sportscards pulling back. The CryptoKids are buying Top Pop CAC coins especially gold. They are a relatively new dynamic to the market. They aren't old school collectors and they need that CAC confirmation. It's part of their business decision. Prices will continue up for awhile. It's got a way to run. I'm holding on my stash. Almost impossible for me to buy right now
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I would say yes, kinda looks like the ones on a lot of modern Pandas.
Successful Trades: Swampboy,
That statement tells me you believe CAC prices are a bubble market and watch out for substantial drops in price after these so called CryptoKids move on. In the end...it takes a serious, knowledgeable collector base to support strong prices. These types don't need a crutch!
My hesitation on this coin was something going on the reverse above eagle's head. Looks like someone attempted to cover something up or almost scratched something off. Hard to see on the picture included in this thread. Including Heritage link as it is easier to see what I am referring to.
https://coins.ha.com/itm/liberty-half-eagles/half-eagles/1840-5-ms65-pcgs-cac-pcgs-8194-/a/1341-4701.s?ic4=ListView-Thumbnail-071515
If we are talking about the same thing, the noise above the eagle's head in the Heritage picture looks like a scuff on the slab. If you look at the TrueView, it looks cleaner.
Edited to add the Heritage photo for comparison:
In addition to being the highest graded at PCGS, it's a POP 1/0 at MS65+, with one in MS65 and the next 2 at MS63.
At NGC, there's 1x MS66, 2x MS65 and 2x MS63.No Plus in that range.
Way to much money, not a rare coin based on surviving coins only purchased for inclusion in a registery set. I once owned an 1848-D/D PCGS 62 half eagle pop top from Doug Winter for $24,000 a few years ago.
I fail to see why that coin brought that much money. Makes no sense to me. If that's the market then I'll stick to stacking generic ms65 Saints and have to be satisfied.
seems like a lot of cash, but then again, that is a really nice 1840. i have never seen one that nice. look at the strike!
Actually no. That seems to be your narrative.
It's probable that prices with raise some more. A lot more most likely. Will they level off or pull back in time? Sure, but at a much higher floor. A lot of Crypto guys are hard asset, long term holders. Some are flippers. ( Not so dissimilar then the coin norm)They are super competitive by nature and whip smart. Some will become hard core collectors. CAC makes perfect sense for them.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
For all the nit pickers put there, let me remind you that for a 180+ year old gold coin, it does not have to grade like a boring modern commemorative $5 issued in a capsule to be "(bleeping) gorgeous!" This is a numismatic treasure, not a modern widget.
Early Half eagles are undervalued
One thing that stands out about this coin is if you had wanted this coin in pcgs 63 or above, the last auction date was 2003. Price guides were way off due to the almost 20 years dearth of auction activity.
A superb looking piece 😍
To each their own, and even if not my cup of tea still pleasant. This amount of money to the average Joe is well nigh unimaginable. Not even remotely in the same league, I inherited an 1840 Eagle which I had slabbed mainly for protection - graded AU53 but with PL fields.
Well, just Love coins, period.
Pre Civil War gold is running pretty hot according to the price guide. Lots of green on the charts.
A lot of the crypto guys were average Joes not too long ago.
That is a very nice gold coin... and certainly should command a significant price. I am surprised at that much money though... As hypothesized, perhaps a registry set.... Or a high stakes gamble. Cheers, RickO
It's a beautiful piece, but a quarter of a million dollars?
I can't get past this distracting spot:
Prime focal area and red, no less.
I think a grade of MS65 should be devoid of such spots, but Im no expert on gold.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I like the spot.
Big price.
What say you @Boosibri ?
My 1866 Philly Mint Set
Big price! $50k coin 3-4yrs ago. Nice coin for sure though. I’d have to check to see if it is ex Milas.
Latin American Collection
Do you like this one, too?
😆
Seriously, 2 very distracting spots on a MS65?
Maybe it's me...
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Those spots don’t bother me one bit
Latin American Collection
It’s a top pop coin, none finer. No wonder it went for that,
Market on low pop scarce high end material the sky appears to be the limit! If 2 bidders that have to have it in bidding war look out.
The CAC price for a 1840 $5 in 65 is 59k a 65 plus would be worth much more. CF lists a price of 60k for a 65 but no price for 65 plus. Pcgs CF gives pop of 1 none higher for a 65+. I definitely would price a 65 plus much more than $60k but realizing $240 k fantastic if not astounding.
Me neither. One sign it's not messed with plus I like the originality and character. Certainly not a grade inhibitor. All within reason of course.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Yes strong.... but astounding?
Compared to the '75s $20 MS67 that sold for $400K two years ago a bargain. The date is more scarce, also should not exist in that condition. Let the cash sloshing around hit our marketplace. These are national treasures as has been noted here, I'm OK with the trend.
Maybe not so much anymore. 😈🤣 Forbes has an article comparing the recent crypto crash to the 1929 U.S. stock market crash.
The only difference is that some people are in at Crypto at $1, $10, $100, $1000 etc. and have taken their profits and at have put that money to work elsewhere. If not they are still sitting on life changing huge profits now.Those late to the dance not so much. Those invested in the stock market especially tech stocks have had a similar type of pull back as Crypto. Everything has fallen. Real Estate is likely to pull next if history plays out but it's a lagging metric
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Personally, I wouldn't mind Crypto staying down through Thursday (Regency 50). It can go back up afterward!
"Look up, old boy, and see what you get." -William Bonney.