$5 1834 CLASSIC, PLAIN 4 PCGS MS64

We love this coin so much, we purchased it out of our July Regency Sale and resubmitted it for a +. What does PCGS want? This coin is mega awesome! Here was the catalog description: A glorious essentially GEM Classic Head $5! What a rare delight to be able to offer a stone bold original example of this type that usually does not come with any sort of eye appeal or in high grade. This coin has both! Brilliant golden orange coloration is enlivened by a bold original mint bloom. The devices are very well struck, showing full definition in Ms. Liberty’s hairlines and in the details of the eagle’s wing feathers. Aside from a stray line or two that you do need a strong loupe to see, there is nothing to mar the surfaces or distract the eye. The Classic Head series is a transitional type. The old tenor types (struck prior to 1834) by this point contained more value in precious metal than was stamped on the coin leading many of these coins to be be exported and melted for the specie. An act of Congress, passed in 1834 changed that–reducing the weight to prevent the export. It was a short series, lasting only until 1839 when Christian Gobrecht’s Coronet or Liberty Head series was introduced. It is a completable set, no one date is extremely rare (although some are condition rarities), and with patience can be completed–the challenge is to find coins that match this near-GEM’s stunning originality and high end eye appeal. PCGS 36, NGC 43, CAC 12. These do not appear in auction with any frequency; the last PCGS MS64 CAC to sell in auction was back in October 2011, where one sold for $25,300. Even without CAC approval, the last PCGS coin sold in April 2013 for $21,150. Only 10 coins are graded finer, and in MS65 and MS66, these are valued close to or over $100,000. This gorgeous MS64 presents any collector a great value! Good luck! Cert. We paid $27,025.00 for it. Not greedy, just looking to place it in a good home.