Lot Number 51
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1826 - O.103 R.5- PCGS AU 58 CAC
With but 2 or 3 uncirculated examples known, this piece is a mid-level entrant to the Condition Census. The coin is untoned, with full cartwheel luster. The strike is far superior to most seen from this rare die pairing. Stray hairlines are noted under magnification. PCGS and CAC found them of no consequence. I agree. Don Frederick uncovered the coin more than 40 years ago. It was then the finest known. He sold it to Russ Logan in December 1976. It appeared as lot 2471 in B&M’s Nov. 2002 sale of the Logan collection. Logan detested slabs. He kept his coins “raw,” storing them in paper envelopes. Logan recognized only two AU grades: 50 and 55. He called this one “55.” Keith Davignon attended the Logan sale. He pounced when lot 2471 crossed the block, knowing it was an important opportunity. High grade R.5’s, it will be remembered, are caviar to advanced collectors. The Logan auction tag as well as his personalized insert accompany this lot. Est. $3,500 to $4,500.
