One of the rarest US circulation strike gold coins you never heard of...

RYK · December 26, 2005 8:49AM

is being auctioned in the upcoming Heritage FUN. Any guesses as to how much the coin brings at auction? I will post my guess later.

Link to 1875 $5 at Heritage

(Side note: everyone talks about the scarcity of CC, C, and D gold coins in the $5 Liberty series. The three most scarce coins are the 54-S (three known), 75 (ten or fewer known), and the 64-S (perhpas a couple dozen known, inluding one owned by a forum member; one is also up for grabs at the Heritage FUN sale)).

Edit: From Heritage's description of the 1864-S $5:

It is exceeded in scarcity only by the 1842 Large Letters, 1843-O Small Letters, 1875 (with a mintage of just 200 pieces), and the legendary 1854-S.

I am not sure about the 42LL, but I know the 64-S $5 is more scarce than the 43-O $5 (I have two!

).

tradedollarnut · December 26, 2005 8:51AM

Great coin that falls victim to the 'proof factor'. Collectors of yesteryear would just buy a proof as their desired example.

mrearlygold · December 26, 2005 8:53AM

coinguy1 · December 26, 2005 8:59AM

<< <i>Collectors of yesteryear would just buy a proof as their desired example. >>

In the case of the 1875 Half Eagle, that would have been much easier said than done, however - I believe that the Proof mintage was only 20 pieces.

tradedollarnut · December 26, 2005 9:03AM

Yup - 20. Which just so happens to exceed the number of $5 Liberty by date collectors by a factor of 2 ...

DennisH · December 26, 2005 9:06AM

I once got to hold three different PCGS-graded 1875 gold proofs at once. It's still one of my biggest numismatic thrills.

MikeInFL · December 26, 2005 9:43AM

$125k

[edit -- little low first guess]

MikeJessie1 · December 26, 2005 9:47AM

88K. beauty!

RYK · December 26, 2005 10:18AM

It is about as rare as the 54-S QE that sold in the ANR sale this fall, but the story is not nearly as good. I say $100k plus juice for a total of $115,000.

coinspeculator · December 26, 2005 10:33AM

maybe this coin is even more rare. (sirloin not chop steak)

I would take this coin first anyday..

1857s

JK

1865 in pcgs ms 64

MrEureka · December 26, 2005 12:33PM

55K Hammer.

Coxe · December 26, 2005 12:48PM

I put a 77-S in there (OGH in AU). Not in the same league as a 75-P but nearly impossible in mint state (they were actually used in commerce) and tough with such a full S mint mark. One of two coins in there that I think I might possibly get less than I paid for them.

fc · December 30, 2005 9:04AM

tradedollarnut: here is a big fat :-P

32,000 dollars and still over priced.

good thread RYK. just goes to show P gets no respect.

edited to add: oh oh, i thought 32 G was the hammer price. it is not.

BECOKA · December 30, 2005 9:13AM

125K +

The last few big auctions have had a few bidders go for that rare stuff. Why stop now. Just glad nothing in my sets are that rare.

coinkat · December 30, 2005 9:22AM

I agree that Philadelphia gold, especially in the Liberty series, gets no respect. There are dates from this mint that continue to be overlooked...

As for this 1875 $5 Lib, I will be the bad guy and say I don't like the coin. From the picture linked to this thread, the coin looks dipped out, completely unoriginal and worthy of a body bag. Coins like this are exactly why we need a designation for original surfaces... especially for true rarities that should not be enhanced. For those of you who like the coin... thats fine... please don't be angry at someone that is "just writting what they see"... and what I see is not a pretty site.

If the coin were original, the price would be over $100K easily...

fc · December 30, 2005 9:31AM

coinkat,

u have moxy. that is exactly what i thought when i saw it, but i thought it was heritage's pics making it look so lusterless.

since hammer has not fallen, i will say 49,000.

edited to add: hey coinkat, did u see those slab pics below the main rev and obv??

it does show something that resembles luster... talk about a big difference. maybe small pics have a use too.

ziggy29 · December 30, 2005 9:37AM

I'd say about $75K plus juice. This is definitely an underrated date, probably because it's not a branch mint piece.

coinkat · December 30, 2005 9:39AM

I really would rather not predict what this will fetch... but I will suggest that the end result will be as strong as anticipated. I still believe there is room for an original surfaces designation and coins such as this advance the argument in a very compelling and convincing style... there is merit to the saying a picture is worth a thousand words.

RYK · December 30, 2005 1:47PM

An expert has described the coin to me as a "mess".

mrearlygold · December 30, 2005 2:44PM

<< <i>An expert has described the coin to me as a "mess". >>

I owned a 1810 half eagle for about a day, 2 years ago, ( the baaaaad baaaad one ) in AU surfaces, net Exf because of initials that were engraved and removed ......sold it to a guy for 20 G's ish.

Ahhhh darn, tried to buy it back from him and have offered ( Hey T, you out here? Hey! ) 30K for it. He didn't sell it to me. I'd up my offer now.

Sometimes messy is in the eyes of the beholder. Other times messy is good especially when non messy is 100 Grand or more. Other times messy is just messy. Hmmmmm

morgannut2 · December 30, 2005 2:50PM

Ah that's pocket change for price/rarity--Take a look at the 1849 Gold Piece in the US Nat. Museum Web site (link at NGC)--I love pop 1's!

mrearlygold · December 30, 2005 2:52PM

<< <i>Ah that's pocket change for price/rarity--Take a look at the 1849 Gold Piece in the US Nat. Museum Web site (link at NGC)--I love pop 1's! >>

Ya that's a great one!

MrEureka · January 12, 2006 1:53PM

The 1875 $5 hammered at 40K and I happily bought it for stock.

BTW, the coin looks just fine in person. Probably a 3-point upgrade if I was inclined to chase the points. Coinkat, come take a look next time you're in the area!

RYK · January 13, 2006 11:17PM

At $40k + juice, seems like a good deal to me.

fc · January 13, 2006 11:24PM

it is weighted 10 in the registry set for busines strike
half eagles, so you know it was worth it!

northcoin · January 14, 2006 4:14AM

Based on a heavilly cleaned rarity that I recently sold at auction, when I read through these posts I thought Andy's 55K was closest of all the guesses to being in the ball park. I found it interesting that he ended up getting it for 40K. Curious if Andy would have gone all the way to 55K hammer to get it though? (I would presume from the comment that it was acquired for stock that a buyer willing to offer close to 10 percent over what Andy paid could get themselves well positioned to start or complete a nice $5 Registry Set. (That would still likely be under 50K and a better outcome than trying to outbid Andy at the auction.

)

coinkat · January 14, 2006 6:02AM

Andy:

It may be sold before I am in your area...

I will look at it if you have it and if for no other reason, so that my ranting can be muffled to a dull roar in connection with original coins.

I still thought the hammer price would have been more than $55K...

edited to change It may be sold before I am in your area

Coinosaurus · January 14, 2006 8:07AM

Seems cheap to me, but as TDN pointed out, how many people collect these things by date?

fc · January 14, 2006 12:41PM

cough, i do. but that is one of the true keys and i cannot afford
it yet.

maybe i can get it with the flex pay option. 48 monthly payments
of 1000 dollars.

you might as well pick this one up also..

1867-S $5 AU55 PCGS. The 1867-S is generally not encountered above the VF grade level, and this problem free Choice AU example is amongst the finest known to exist. Population is 1 with 1 higher in AU58 condition. A true rarity and fantastic coin! $23500

or this one

1864-S XF 45 PCGS. Its mintage of 3,888 pieces is quite low, but does not begin to convey this issue's true rarity. Looking at populations, PCGS has certified only thirteen pieces and NGC has certified only 8 pieces, so you can appreciate its lack of availability. This coin is solid for the grade, well detailed with original luster on both the obverse and reverse. Population 3/4 $26000

Kaminski has it.

this advertsing brought to you via FC.

MrEureka · February 12, 2007 8:59AM

So what will the coin bring tomorrow, now that it is in an NGC 55 holder?

ScarsdaleCoin · February 12, 2007 9:41AM

Seems that the auction floor has been pretty quiet this week in CA....my guess... 75k

One of the rarest US circulation strike gold coins you never heard of...

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