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Sale 8
Lot 1082
1858. 8 over 7. PCGS graded MS-64. One of the finest examples of this very popular overdate. One must look carefully to find any imperfections. This coin has an even light brown tone. A small darker area between the wing and the I in UNITED appears to be merely surface dirt. This coin has all the look of a higher grade.
The strike is as full as this issue is seen. There is slight weakness on the upper right quadrant of the reverse, but this is how this issue comes. No 1858/7 has been seen with any more detail in this area than this coin. For the longest time there has been resistance on the part of the grading services to grade any 1858/7 a MS65. This may be because of the weakness on the reverse. Since this weakness is on all coins from these dies, should it be a factor in limiting the grade?
This is a very early die state. The 7 digit shows very clearly above and to the right of the last 8. The diagnostic die dot above the date is bold and triangular in shape. The broken wing tip is just about connected to the wing, this being another indication that this is indeed a very early die state. There are light die striations visible diagonally from the lower left to the upper right of the coin. Additional die file marks are visible under the date. These features are only visible on the earliest of die states.
The die states of this issue are very important because nearly 75% of the entire issue is from late state dies with no evidence of the 7 showing. Collectors who desire top quality examples of this date demand to see the 7! The aforementioned die chip is actually the left base of a misplaced 1 digit! Only on these early die state pieces is this feature clearly from a digit punch.
This is a huge opportunity to acquire on of the finest examples of this popular overdate. This issue is normally collected as part of the regular issue Flying Eagle series, adding to its desirability.
Estimated Value $8,000 - 12,000.
Includes Eagle Eye Photo Seal.
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| Realized $23,000 |
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