1844-D $5 MS64 NGC.... Liberty Half Eagles

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Lot: 3646
Auction: 1116

1844-D $5 MS64 NGC....

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Sold for:	Not Sold
Ended:	Sep 18, 2008

Buyer's Premium:	15% of the successful bid (minimum $9.00 per lot)
Auction Name:	*2008 September Long Beach, CA US Coin Signature Auction #1116*
Description:	Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type:	Signature: Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.) This lot is in: Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546) Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.
Item Activity:	3 Internet/mail bidders, 557 page views

Description

1844-D $5 MS64 NGC. Gold was discovered in a big way in the Appalachian regions of Georgia and North Carolina during the 1820s. At the time, transporting the gold ore from the mining regions to the Mint at Philadelphia was an arduous and dangerous task. Several private mints were established near the gold fields to allow the miners to avoid the risk and expense of shipping their gold overland to Philadelphia. Jealous of their coining powers and anxious to properly exploit this new source of wealth, Congress decided to establish branch mints at convenient locations near the gold fields. The Act of March 3, 1835, created the three Southern branch mints at New Orleans, Charlotte, and Dahlonega. Construction delays and personnel problems plagued all the new mints, and coinage finally commenced in 1838. The mints at Charlotte and Dahlonega coined only gold denominations during their short careers. The gold deposits of the region were gradually depleted, and the great California Gold Rush of 1849 enticed many local miners to abandon their claims and go West. The Confederacy seized the mints at the start of the Civil War but lacked the resources to operate them after the supply of coin blanks was used up. The mints at Charlotte and Dahlonega were never reopened after the war and produced no coinage after 1861. Today, advanced collectors highly prize gold coins with the coveted C and D mintmarks.
From an original mintage of 88,982 pieces, the 1844-D is one of the more available issues from the Dahlonega Mint in circulated grades. About Uncirculated examples are encountered with some regularity. The situation changes dramatically at the Mint State level. There are eight to 10 survivors in lower Mint State grades; Gem coins are unknown. The present near-Gem coin qualifies as one of the three finest certified by the leading grading services. Many dates from the Dahlonega Mint display characteristic weak strikes. The 1844 issue is one of the few that is generally seen with above-average striking quality. The coin offered here has an outstanding strike, with strong detail in the stars, hair, and eagle. The fields are semiprooflike, with delicate shades of orange and green toning. The accent of green toning near the rim is reminiscent of the Pittman coin. There are few distractions, none worthy of individual notice. A breathtaking coin overall, certainly one of the finest examples known. Census: 2 in 64, 0 finer (8/08).(Registry values: P2) (#8221)

Previous Prices from Heritage Auctions
Lot	Date	Grade	Service	Realized
Auction 208, Lot 7676	Friday, August 13, 1999	64	PCGS	$19,550.00
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