1827 50C O-127 MS(PCGS#39726)

August 2016 Mail Bid Auction 43

Auctioneer

Sheridan Downey

Lot Number

54

Grade

AU55

Price

4,291

Lot Description

A new entry into the upper echelon of this rare marriage.  In the 1990’s a spate of low to mid-grade 127’s brought the rarity down from Overton’s 2nd edition rating of R.7 to its current R.5.  High grade examples, however, remain elusive.  Witness Stew Witham’s PCGS AU 55 at $8,050 in Aug. 2010 (Heritage ANA sale, lot 4901).  This untoned piece is remarkably well struck for the die pair.  Note particularly the definition in Liberty’s curls and the detail in the eagle’s feathers.  Cartwheel luster confirms the grade, only slightly diminished in the fields.  No contact marks are worthy of mention.  Stray hairlines are from a few days circulation.  Advanced collectors need no reminder of the importance of this opportunity.  Fasten your seat belts!  Est. $2,500 to $7,500.