1828 50C Square 2, Small 8s, Sm. Letters MS(PCGS#6152)

January 2017 Mail Bid Auction 44

Auctioneer

Sheridan Downey

Lot Number

71

Grade

AU55

Price

3,685

Lot Description

An original “grey dirt” coin, with a blush of pastel gold toning.  As with the earlier 1828 O.107, this variety – the Small Letters Reverse – is under intense pressure from Red Bookand Registry Set collectors.  Do not be misled by the R.3 rarity rating: only one die pair of the year uses the small letter punch.  The last CAC approved AU 55 brought nearly $2,000 (lot 4978, Heritage 2015 ANA Sale).  PCGS now suggests a value of $1,850.  This eye-appealing example is essentially without faults.  From the Davignon collection. Purchased from your cataloguer in Nov. 2009.  Keith writes, “… gorgeous original coin, perfect for grade.”  Est. $1,600 to $2,500.