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 Replies: 11 / Views: 1,592 |
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Press Manager
 United States
1420 Posts |
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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Bedrock of the Community
United States
36606 Posts |
That's one I'll never get to own.
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Bedrock of the Community
United States
94367 Posts |
Impressive to say the least.
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Moderator
United States
187702 Posts |
 Quote:
That's one I'll never get to own.  |
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Bedrock of the Community
United States
12057 Posts |
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
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
3323 Posts |
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. "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Bedrock of the Community
United States
12057 Posts |
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.)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
1801 Posts |
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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Pillar of the Community
United States
1023 Posts |
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Bedrock of the Community
13014 Posts |
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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Bedrock of the Community
Australia
21786 Posts |
Gold proof coins are sensitive.
Rubbing in the fields quite evident.
That's why PR62.
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Pillar of the Community
United States
1613 Posts |
Three coins and millions of collectors. Does the grade really matter at this point?  ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Replies: 11 / Views: 1,592 |
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Posted 09/25/2019 4:16 pm
