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1842 Large Letters Half Eagle

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Jaobler's Avatar
United States
6454 Posts
 Posted Yesterday   9:35 pm Show Profile   Bookmark this topic Add Jaobler to your friends list Get a Link to this Message Number of Subscribers
This is a very scarce coin: PCGS says total survivor count is just 47, with only 3 coins in mint state. Seemed like a smart move to pick this one up. What do you think about her?

1842-Large-Letters-Half-Eagle
1842-Large-Letters-Half-Eagle
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Mrhakfbacon's Avatar
United States
651 Posts
 Posted Yesterday   10:12 pm  Show Profile   Bookmark this reply Add Mrhakfbacon to your friends list Get a Link to this Reply
I think XF45. Isn't this the one from the North Star collection that sold in Heritage a few months ago?
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numismatic student's Avatar
United States
12003 Posts
 Posted Yesterday   11:53 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
The only other recorded sale for this coin in this grade was over 15 years ago in Jan of 2011. That coin sold for $1,898 when gold was 1,414/oz and the melt value of a half eagle was $342 which means that the coin sold for over 5.5x its gold melt value.

This coin sold for $2,074 back in on June 15 this year when the melt value was $1,045 and gold was $4,320/oz, which is less than 2x the gold melt value.

Given that the coin is uncommon, less than 2x melt for this coin seems like a bargain. Also, great eye appeal for the grade never hurts. Congratulations!
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
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panzaldi's Avatar
United States
18967 Posts
 Posted Today  2H 26M ago  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
I'm at AU50
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