1823 50C Patched 3 MS (PCGS# 6133)

2009 CSNS PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2430
  • Grade:
    MS66
  • Price:
    $40,250.00
Lot Description
1823 50C Patched 3 MS66 NGC. Ex: Eliasberg/Kaufman. O-101a, R.1. The obverse is one of several dies that was reworked in 1823, to strengthen the date. The 3 is tall and leans to the right, beginning its service on this die in a broken state with the top and bottom parts of the digit nearly disjointed. Today, the die is called the Broken 3. After countless coins were struck, a small punch joined the two halves of that digit, created the Patched 3 variety, and more coins were struck. The repaired obverse saw continued use on O-102. The strengthening of the obverse was clearly a cost-saving measure, as no other defects are evident on either side. This Premium Gem from the Eliasberg Collection was quite conservatively graded as MS63 in that sale, following the trend of all the Eliasberg coins. Nearly every coin from that collection has certified at a higher grade. Of course, grading at the time gave no indication of value, for this coin realized just under $10,000 in 1997, at a time when an MS63 was only valued at about $1,500. Undoubtedly the finest known example of the variety, this sharply defined piece has delicate light brown toning with lovely orange, gold, and blue toning in the peripheral areas. Pristine surfaces are nicely preserved with underlying frosty luster. Census: 1 in 66, 0 finer (3/09). Ex: Louis E. Eliasberg, Sr.; Eliasberg Estate (Bowers and Merena, 4/1997), lot 1792. From The Joseph C. Thomas Collection.
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