1822/1 50C O-101 MS(PCGS#39604)

August 2016 Mail Bid Auction 43

Auctioneer

Sheridan Downey

Lot Number

35

Grade

AU58

Price

3,080

Lot Description

Last offered in my Mail Bid Sale #10, Jan. 1994.  I chuckled when I pulled up the description of lot 78: AU 50.  Light grey toning with unbroken luster in the fields.  The reverse is choice.  Full dentils, well centered.  Just right for a high grade Red Book set.  Honest AU’s invariably bring more than Trends’ suggestion of “$650.”  Tim Osborne was the winner at $604.  Times have changed.  An AU coin may now pass muster with friction in the fields, the low point of a coin.  Those with “unbroken” luster in the fields are today’s choice and very choice AU’s.  So no disappointment awaits the winner of this coveted overdate.  CAC assures us the coin is in the top half of those graded AU 58.  The PCGS Price Guide has replaced Coin World Trends.  It suggests a value of $2,500.  Sounds about right.   Est. $2.000 to $3,000.