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1848-D $5 misaligned obverse die (?)
RYK
Posts: 35,801 ✭✭✭✭✭
The 1848-D $5 was my first Dahlonega coin. It was sold to me by Al Adams of Gold Rush Gallery at the 2003 CSNS show in St. Louis and started my Dahlonega collection, which eventually included, among others, an entire set of Dahlonega $5's, the ever-popular 1854-D $3, and the Eliasberg-Duke's Creek 1857-D $1.
For that reason, the 1848-D $5 has always held particular interest for me, and I always look at these when they appear for sale or auction. In this summer's Scotsman sale, my interest was piqued when I first saw a very unevenly obverse struck 1848-D $5, the first that I have seen in seven years of looking at the issue. The coin met the ryk dirty gold criteria, so I bid and won the coin. Since then, I have seen two additional coins with a very similar strike, presumably due to a misaligned day. Of course, since then I have seen two others with an identical strike. There is no specific mention of this in DW's book.
Here's the coin I won (in hand, the coin is original--it looks bright in the Scotsman photo):
Here's one for sale at Gold Rush Gallery:
Here's one for sale in tonight's Heritage auction:
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Finally, here's the one that I once owned:
For that reason, the 1848-D $5 has always held particular interest for me, and I always look at these when they appear for sale or auction. In this summer's Scotsman sale, my interest was piqued when I first saw a very unevenly obverse struck 1848-D $5, the first that I have seen in seven years of looking at the issue. The coin met the ryk dirty gold criteria, so I bid and won the coin. Since then, I have seen two additional coins with a very similar strike, presumably due to a misaligned day. Of course, since then I have seen two others with an identical strike. There is no specific mention of this in DW's book.
Here's the coin I won (in hand, the coin is original--it looks bright in the Scotsman photo):
Here's one for sale at Gold Rush Gallery:
Here's one for sale in tonight's Heritage auction:
Finally, here's the one that I once owned:
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Comments
Here's my example of a Misaligned Die obverse $20.
<< <i>RYK, I see no evidence of this being MAD. >>
Broad, what is your learned explanation for the uneven strike? I am personally very weak in the discipline of coin manufacture technology.
Probably the pressure on the dies wasn't set right....or something......In any case, it looks like they figured it out and fixed it at some point, since they come "normally" struck as well. Personally I would actually value the weaker struck one less.
<< <i>RYK-
Probably the pressure on the dies wasn't set right....or something......In any case, it looks like they figured it out and fixed it at some point, since they come "normally" struck as well. Personally I would actually value the weaker struck one less. >>
PCGS appears to be accounting for this uneven strike in the grade. My coin was purchased at an attractive price, IMO.