The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the June 30 issue.
Heritage Auctions’ June 4 to 8
auctions held during the Long
Beach Expo brought more than $16 million.
As is often the case with these major auctions, a gold double eagle
led the bidding. An 1854-O Coronet $20 double eagle graded AU-55 by Numismatic Guaranty Corp. brought
$381,875. Heritage’s roster lists 21 known examples and this one is
among the finest known.
In an auction that offers more than 6,000 lots, many other scarce
coins are offered that, while not the finest known, still provide
solid values for buyers. Below is one of these coins.
The coin: 1871-CC Coronet gold $5 half eagle, About Good
Details, Scratched, $763.75
The story: This 1871-CC Coronet gold $5 half eagle represents a
grading challenge. The obverse has solid rims all the way around and
by obverse alone it would easily grade Good or finer.
The reverse is where things get tricky, in that it is well-worn with
weak-to-absent rims. Some scratches also appear on the reverse, which
NGC notes in giving the coin a details grade. However, the Mint mark
is full and the eagle has some nice details remaining.
The 1871-CC half eagle is a tough issue in any grade with a low
mintage of 20,770 pieces. Examples priced below $1,000 are rarely
seen. Almost all known examples are well-worn, and this one brought
$763.75, presenting a rare opportunity for a value-minded collector to
buy an 1870s Carson City Mint half eagle for less than $1,000.
Read more of Steve Roach's latest Market Analysis: