Lot Number 56
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1827 - Sq. Base 2 O.122 R.5 PCGS AU 55
A Condition Census R.5, perforce one of the most important coins in the sale. A new discovery, this coin is making its inaugural appearance at auction. The grade is spot on – no better, no worse. The coin was once dipped and remains untoned. The surfaces feature a blanket of creamy luster, undiminished in the fields. Contact marks are miniscule. A short, vertical hairline on Liberty’s neck hardly deserves mention. Raised lines above and below the eagle’s left wing are from scratches in the die, seen on all examples of this die pair; cherry pickers enjoy an adrenalin rush when they are spotted. (The reverse die was also used on the R.4 1827 O.138. See lot 60.) The last high grade `27-122 to sell at auction was Don Frederick’s attractive AU, encapsulated but not graded by PCGS because of “Questionable Toning.” It brought $3,220 at Heritage’s 2010 Central States auction, lot 3147. Est. $2,500 to $3,500.
