1827 50C O-123 MS(PCGS#39721)

February 2021 Mail Bid Auction 51

Auctioneer

Sheridan Downey

Lot Number

61

Grade

AU58

Price

3,300

Lot Description

This dazzling rarity is making its auction debut.  It rests at #3 in the Condition Census, behind the Overton Plate Coin, NGC MS 65, and the PCGS MS 62 Dosier/Prouty example.  Stewart Witham’s PCGS AU 58 is a notch behind this one.  (I was the winning bidder at Heritage’s 2010 ANA offering of the Witham coin, lot 4905 @ $3,000.)  Howard Sharfman uncovered this piece in a dealer’s case in 2016 and passed it to our consignor in 2019 via private treaty.  The coin is lightly toned with full luster.  It earned a CAC sticker despite the ubiquitous softness at the obverse rims and stars.  (The obverse die is in its 3rd and final use, appearing earlier on the O.121 and O.122.) Estimate: $3,000 to $3,500