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

January 2017 Mail Bid Auction 44

Auctioneer

Sheridan Downey

Lot Number

59

Grade

AU53

Price

4,125

Lot Description

From the collection of Dr. Charles Link, noted on the PCGS label.  Soft luster throughout; light to medium grey toning with some hints of golden iridescence around the stars and legend.  The strike is superior to most.  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), the Dosier-Prouty AU 55 @ $5,250 in Aug. 2000 and lot 54 of the recent MB 43, a PCGS AU 55 @ $4,291.  The current offering lies just outside the Condition Census but rests comfortably within a register of the top 10 examples.  Est. $3,000 to $4,000.