Another FUN-Heritage Million Dollar coin? (Hammer: $1.38m)

STONE · December 23, 2011 2:44AM

With all the excitement on a 1793 MS-65 Large Cent possibly going for $1M+, do you think the coin below has the same chance?

Update (1/01/2012): Current price (with BP) $805,000

1829 Half-Eagle PCGS-PR64

MikeInFL · December 23, 2011 2:45AM

Proof? Interesting.

I would guess not a $1M coin, but really, it's simply a guess.

tightbudget · December 23, 2011 2:51AM

The PCGS price guide lists it at $1M

I say 60/40. But all it takes are two or more multimillionaires or billionaires with a strong interest.

Yukoncornelius1 · December 23, 2011 3:01AM

The capped bust half eagle series has some of the great rarities in numismatics and i would guess that proofs in this condition are far rarer so yes it has a chance at breaking a million bucks.

BAJJERFAN · December 23, 2011 3:20AM

Not with me even if I had the million $$. That has to be one of the worst portraits on a coin. Just not appealing at all IMO.

RYK · December 23, 2011 3:33AM

It certainly looks like a million dollar catalog description.

Edit: I love those. My favorite is the Garrett 1815 which was sold at the FUN show two years ago.

PQueue · December 23, 2011 3:35AM

That has to be one of the worst portraits on a coin. Just not appealing at all IMO.

It may be one of the worst portraits aesthetically to some, personally I love it (much more than the capped bust motif). Owning any quarter or half eagle with that portrait is a numismatic accomplishment. That 1829 Proof would truely be a centerpiece of any collection. It might take out the $1M barrier.

jdimmick · December 23, 2011 3:40AM

I agree, I like the design

dragon · December 23, 2011 4:16AM

That is one awesome rare coin!

edit to add: with a fabulous pedigree!

BAJJERFAN · December 23, 2011 6:42AM

<< That has to be one of the worst portraits on a coin. Just not appealing at all IMO.

It may be one of the worst portraits aesthetically to some, personally I love it (much more than the capped bust motif). Owning any quarter or half eagle with that portrait is a numismatic accomplishment. That 1829 Proof would truely be a centerpiece of any collection. It might take out the $1M barrier. >>

That is a nice coin color and strikewise. Somehow that obverse portrait never really endeared itself to me. I wouldn't be above owning/buying it if there is a profit to be made tho. Not like I have an extra mil laying around gathering dust.

STONE · December 23, 2011 8:48AM

Interestingly enough, this coin isn't listed on the PCGS Registry as a $1M coin.
They do have a PR67 Lg Size and a PR66 Sm Size, but PR64 might not make the $1M mark afterall!
(Or PCGS just needs to reconsider adding this coin to that Reg Set Composition

)

Edited to add: For clarification, the PR67 is rumored to exist as a 1-sided proof, while the PR64 is
still considered a $1M (as per CoinFacts)

Nic · December 23, 2011 9:13AM

I love the design.

"Classic Gold" is fugly.

I also love Barber silvers so what do I know ...

K

mkman123 · December 23, 2011 10:23AM

I love the reverse of the classic gold, the eagle is so pretty!!

STONE · December 28, 2011 8:05AM

Current price with BP is $690,000.

Relatively speaking, that's not too far from $1,000,000 with a week to go!!!

SoCalBigMark · December 28, 2011 8:14AM

jhdfla · December 28, 2011 8:27AM

I think the coin is outstanding, one I will view in hand hopefully at FUN. The heraldic eagle on the reverse is so cool.

The Mickley/ Garrett coin as noted by Heritage in their description. Interesting that it was classified as "mint state" in the Garrett sale.

renomedphys · December 28, 2011 8:29AM

When I grow up, I would love to collect these

They have a lot going for them as a series. They are very rare, their numismatic value completely overshadows their intrinsic value, and they are under-appreciated. Every thing I love in a coin.

That said, my financial life would have to take a definite turn. This is one series I wouldn't touch without at least $10 mil to burn on it.

bulldozer · December 28, 2011 8:53AM

This is the million dollar coin, not the chain cent! Bet the chain only makes it to $600G.

There are many serious buyers of rare early gold to whom $1 million dollars does not mean much. I was I was related to any of them!

swhuck · December 30, 2011 2:28AM

I think it gets to a million with room to spare.

llafoe · December 30, 2011 2:34AM

I placed my bid through Auction Sniper!

Lakesammman · December 30, 2011 2:39AM

The Duckor 1921 $20 is already at $632,500 - I think there will be a few coins that break $1 mil.

BaseballAbs · December 30, 2011 2:46AM

I'm going for it!!

johnny9434 · December 30, 2011 2:49AM

yes indeed theres still cash out there

scotty1419 · December 30, 2011 3:38AM

I like it a lot!

lsica · December 30, 2011 3:56AM

IMHO all pre 1830 proofs just dazzle me. They're all MADE TO ORDER coins for diplomats or well-healed collectors. Either some gubermint muckity muck said "strike a few proofs for the King of Wairizit" or some collector with lots of money and connections walked in the mint front door and said "anyone got some time to make me a couple proof half eagles?"

The 10-year-old-boy-coin-collector in me just thinks "Gee whiz NEATO" when I think of that

IrishMikey · December 30, 2011 4:18AM

Considering that "big money" collectors often have a representative at the auction to bid for them, and
do not bother with online bidding, I think it will go for at least 1.5 million. I also think the Chain cent will
easily exceed the 1 million mark. I will not be buying either one, of course. I just checked my coin buying
budget, and I am just a little short of the required funds.

Lakesammman · December 30, 2011 5:44AM

1921 $20 now $747,500.

earlyAurum · December 30, 2011 6:37AM

All of those early half eagles are pretty neat to say the least. It is the most challengning series to collect. This is a real opportunity for the date collector to pickup some serious coins. I will be watching the action and will look for some post-auction analysis on this one.

STONE · December 31, 2011 1:26AM

Ok, which one of you bid it up to $747,500

breakdown · December 31, 2011 1:36AM

The 1829 half eagle looks like an absolute stunner. The Heritage photos are actually very good -- maybe they do a better job on gold. The write-up is fascinating with all the confusion about whether some of the other 1829's are proofs or not. I think it makes for some interesting speculative bidding when you realize that there may or may not be a finer proof out there. It will be fun to follow and given the choice, i would have to go with this over the Saint (which is also a beauty).

oreville · December 31, 2011 4:09AM

The buyer of the 1921 $20 may be seeking this coin below. The coin shown below is the only one stickered by CAC in ms-66. There are none graded higher.

This photo was taken before it was .stickered.

tightbudget · December 31, 2011 8:26AM

$805k. Getting warmer...

STONE · December 31, 2011 10:36PM

<< $805k. Getting warmer... >>

Darn, you beat me to it

...creeping closer to $1,000,000!!!

PerryHall · December 31, 2011 10:44PM

<< Not with me even if I had the million $$. That has to be one of the worst portraits on a coin. Just not appealing at all IMO. >>

Yup---very crudely executed design. Neat coin, though.

BAJJERFAN · January 1, 2012 12:34AM

<< 

<< Not with me even if I had the million $$. That has to be one of the worst portraits on a coin. Just not appealing at all IMO. >>

Yup---very crudely executed design. Neat coin, though. >>

Actually the frontal part of the portrait reminds me very much of someone I know.

Analyst · January 1, 2012 9:42AM

Yukoncornelius1: <<The capped [HEAD] half eagle series has some of the Great Rarities in numismatics and I would guess that Proofs in this condition are far rarer so yes it has a chance at breaking a million bucks.>>

People who find Yukon’s statement above to be accurate, or interesting, may wish to read my latest column.

The Harvey Jacobson Collection of Capped Head Half Eagles

LakeSamman: <<The Duckor 1921 $20 is already at $632,500 - I think there will be a few coins that break $1 million>>!

To some extent, I cover the Duckor 1921. It will be more interesting to see the prices realized for some of his mintmarked Saints from the 1920s:

The Saints of Dr. Duckor

The Dazzling Collecting Journey of Dr. Steven Duckor

LakeSamman, what are the other coins in the upcoming Platinum Night sessions that you suggest may sell for more than $1 million each?

MikeInFL · January 4, 2012 2:34AM

Still at 805k. Internet bidding closing tonight. Auction is tomorrow..

LanceNewmanOCC · January 4, 2012 1:21PM

.
as of now the ms65-chain cent has the lead. $1.3 million

will the gold catch up on turn 4? doesn't look likely
.

swhuck · January 5, 2012 11:27AM

<< .
as of now the ms65-chain cent has the lead. $1.3 million

will the gold catch up on turn 4? doesn't look likely
. >>

It caught up and finished in a dead heat -- $1.38 million.

segoja · January 5, 2012 1:32PM

that 1829 is a stunner

i held it in my hands yesterday

LanceNewmanOCC · January 7, 2012 9:31AM

<< 

<< .
as of now the ms65-chain cent has the lead. $1.3 million

will the gold catch up on turn 4? doesn't look likely
. >>

It caught up and finished in a dead heat -- $1.38 million. >>

that is amazing!

i never woulda guessed a tie

Analyst · January 9, 2012 3:45AM

LanceNewman: <>

I did not either. Before and after carefully inspecting them, I though about these two coins for some time. My article on the 1829 ‘Large Date’ will be published on Wednesday. I already wrote about the Eliasberg-Earle-Jung 1793 Chain Cent:

1793 Cent sets $1.38 Million Auction Record for a Copper coin

The Harvey Jacobson Collection of Capped Head Half Eagles

Another FUN-Heritage Million Dollar coin? (Hammer: $1.38m)

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