Lot 1569
1842-C $5 Liberty. Small date. NGC graded MS-61. In NGC holder 1706409-001. An unusually well struck example with needle sharp details and nice high rims. The lustrous surfaces are slightly reflective while the fields are remarkably clean for this grade. A few very minor ticks are noted on the outer rims, none of which are significent. A major rarity in the Charlotte series and many times rarer than the Large Date variety.
Perhaps just five to 10 Mint State examples of the Small Date variety are known. Douglas Winter gives this date a High Rarity-7 rating in Uncirculated. One of the most desirable Charlotte Mint offerings in this sale.
Walter Breen allocated a mintage of 23,589 to the Large Date variety, which is over four times that of the Small Date. Other experts estimate that 35 to 40 are known of the Small Date and 65 to 70 of the Large Date, the opposite assessment. Concerning the date, during this post-Jacksonian period in our history, date sizes were in flux at the Philadelphia Mint, and certain denominations in the years 1842-1846 are found from variable sized date punches. Pop 2; 4 finer, 2 in 62, 2 in 63 (PCGS # 8208) .
Estimated Value $50,000 - 60,000.
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