1838 Pattern J-73 Org 50C PCGS PR65 (CAC)
From our Regency 52 sale. We loved this coin and we think they are too cheap. We had to buy it!
Here is the description:
FROM THE GLORIOUS PATTERNS COLLECTION PART II
Ah a coin we know well. It is more than worthy of its high designation and then some! Gobrecht’s Draped, crowned head of Liberty on the obverse is paired with the flying eagle reverse, similar to the Gobrecht dollar. Struck in medal turn in silver with a reeded edge. This is a Rarity-5 pattern.
The presently offered GEM has a flashy, brilliant, watery reflection that is bold and has a wonderful depth of clarity under the dappled multicolored, totally original toning. A swirling mix of original teal, cobalt, amber, rose, peach, and antique silver hues blend boldly all over the surfaces of both sides. Given the shattered state of the reverse die, the strike is remarkably strong and full on both sides. The eye appeal is truly incredible! Ex Eugene Gardner Collection, Heritage, June 2014, lot 30635.
PCGS 1, NGC 5, CAC 2. There are NO auction records for ANY PR65 selling since 1994! The current Collectors Universe value is $15,000. Are patterns expensive? NO! If this was a regular 1838 Proof 50C in PR65, it would sell for at least $75,000! In our opinion, this coin represents an incredible long-term play and is a great deal today! It is also a beautiful example of a coin that could have been.
This coin brought $12,337.50 5/2022.