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My White Whale Acquired, Dahlonega NEWP

BoosibriBoosibri Posts: 12,400 ✭✭✭✭✭
First, thanks Doug!

The 1842-D $5 Large Date is one of the two rarest Dahlonega $5's (sharing the title with the 61-D) but it is unquestionably the rarest in higher grades. Most non-Southern Gold collectors will not appreciate the rarity and conditional quality of the coin below so let me offer some information.

1842 was a transitional year in US gold coinage with seven variations of date and letter combinations occurring from the four mints. While not as rare as some of the other varieties (that honor goes to the 1842 Large Letters) it is likely the most difficult to find in any condition and is nearly always found choppy with heavy abrasions and unfortunately often processed. This specific variety occurred when a new reverse was sent to Dahlonega in the fall of 1842, thus producing a limited mintage.

Varieties of 1842:
1842 Small Letters (About 100 extant)
1842 Large Letters (Rarest - 40-50 extant)
1842-C Small Date (About 100 extant)
1842-C Large Date (Most Common, about 300 extant)
1842-D Small Date (About 250 extant)
1842-D Large Date (About 80-90 extant)
1842-O (About 60 extant)

Condition Census
While I may have this partially correct, hopefully you get the idea. This is one tough coin in AU! GeorgeKellogg please correct me!

MS61 - 3 coins known
* NGC MS61 from the SS Brother Jonathan, last sold via HA Jan 2010
* NGC MS61 from the Dukes Creek Collection, ex. Eliasberg, Previously the finest known, now dipped.
* PCGS MS61 from the Green Pond Collection/North Georgia Collection, Perhaps the finest known now that the Dukes Creek coin has been destroyed. Last sold Stacks 2011.

AU58 - 3-5 known, several upgraded to MS61
Notable Coins
* PCGS AU58 from the Chestatee Collection, ex. Dukes Creek, ex. Byron Reed, sold in 1999 via HA. Choice toning last time it appeared.
* NGC AU58 ex Pittman, sold in 1997. I have not seen this coin.
* I have seen one or two other AU58's which to me had negative eye appeal and had been lightened or dipped.

So consider, this completely original 1842-D $5 Large Date is likely one of one 5-10 coins in all graded which have not been adulterated in some way and likely one of only 3-4 in MS/AU with that claim. I will be checking my Bass catalog when I return to the US next to see if it is a match for his AU piece.

My new centerpiece!
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