1828 50C Square 2, Small 8s, Lg. Letters MS(PCGS#6151)

January 2017 Mail Bid Auction 44

Auctioneer

Sheridan Downey

Lot Number

72

Grade

MS60

Price

1,430

Lot Description

A VERY old friend.  I sold this coin to Richard Pugh back in 1986.  Richard submitted it to a newly formed grading service – PCGS.  It was returned in a first-generation holder, graded MS 60.  At the May-June 1992 Superior Galleries’ Jack Adams Sale(including the Pugh collection) I bought the coin for the account of John Crowley.  Keith Davignon picked it off at the 2001 ANA Convention where I offered coins from the Crowley collection.  Keith had the coin reholdered sometime thereafter.  (First generation PCGS holders are called “rattlers” for a reason.)   I enjoyed Keith’s candid remarks, scribbled on his consignment sheet:  We only wish that all of our MS 60’s looked like this!  The coin is sharply struck, though a later die state, displaying crumbling at the rim between stars 5 and 6 and a feathery die break from star 2 to the bust.  Unbroken luster, obverse and reverse.  The obverse fields are slightly busy; the reverse is immaculate, supporting a choice to select uncirculated designation.   Est. $1,300 to $1,700.