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1830 Proof Five Dollar Gold Half Eagle PCGS PR62

 
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 Posted 09/25/2019  2:51 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
PCGS - "Rare coins are stars in their own right, but the 1830 Proof Five Dollar Gold Half Eagle is in a class all by itself. With a mintage of only three coins, the 1830 Five Dollar Proof is one of the most elusive of all Half Eagles." Recently crossed from a competing grading service's PR63 holder to a PCGS PR62.
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 Posted 09/25/2019  3:00 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
That's one I'll never get to own.
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 Posted 09/25/2019  4:16 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Impressive to say the least.
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 Posted 09/25/2019  6:02 pm  Show Profile   Check paralyse's eBay Listings Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Bet they wish they hadn't crossed it now without choosing the "same or better only" option!!

Still a lovely coin in any grade and exquisitely rare. Much like most of you, I'll never OWN one, but if I had the money I'd probably be buying C or D mint gold instead :P
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 Posted 09/25/2019  6:08 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply

Quote:
Bet they wish they hadn't crossed it now without choosing the "same or better only" option!!


Interesting. I was just wondering if the grade really makes much difference in this case? I probably wouldn't have bothered with a regrade at all. What are the other two graded (if they're even still around?)

I think sometimes the old guys with the big wallets just do this to keep their coins in the news.
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 Posted 09/25/2019  6:11 pm  Show Profile   Check paralyse's eBay Listings Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
It doesn't make much difference, honestly, given the rarity of the coin, but well-heeled buyers might stigmatize a 62 grade a bit more than a 63, which could have financial consequences if the coin were to be sold for some reason. (On the other hand, it might drive bidding up, too, if someone thinks they can cross it back to a 63 at NGC.)
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 Posted 09/25/2019  7:36 pm  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
At least one of the other two is in the Smithsonian as part of the Lilly gold coin collection. When I was there 30 years ago the entire Lilly collection was on display in it's own room. To say it was amazing doesn't even begin to describe how awesome it was to see.
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 Posted 09/25/2019  7:40 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list Get a Link to this Reply
very nice
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 Posted 09/25/2019  7:47 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I was just wondering if the grade really makes much difference in this case? I probably wouldn't have bothered with a regrade at all.


Coins of this rarity and price point PCGS one grade down will be worth more than NGC one grade up. The holders are optically better to start and the big big big money buyers (especially several of the billionaires/multi-billionaires) have a preference for PCGS which is why the overwhelming majority of 6 and 7 figure coins are either in PCGS holders or get crossed over to them as soon as they're bought. We've seen this time and time again even if they have to give up a grade. If it would details with PCGS or lose multiple grades than maybe you think twice on some other coins but with a mintage of only 3 you're probably doing it as long as it straight grades.

We've seen coins like these consistently get crossed to PCGS and there's no reason to think or any sign that will change.
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 Posted 09/25/2019  7:52 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Gold proof coins are sensitive.
Rubbing in the fields quite evident.
That's why PR62.
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 Posted 09/28/2019  12:20 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Three coins and millions of collectors. Does the grade really matter at this point?
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