Lot 2570
Great Britain. Sovereign, 1823. George IV Laureate Head. S-3800. Fr-376; KM-682. One of the two key dates in this short series, with the highest catalogue value for any coin of its type (3,500 Pounds or about $6,650 in EF grade; not given any estimate of value in Uncirculated by the Spink guidebook). The great Terner collection included a PCGS MS63 of this date, and at the time the cataloguer noted that it took 17 years for Dr Terner to find a coin that nice. That coin sold in 2003 (lot 269) for $7,475. However, the Spink valuation at that time for an EF, before sovereigns became one of the hottest areas in English numismatics, was only 2,000 Pounds ($3,200). In other words, the T1 coin sold for more than twice catalogue. The only rarer George IV sovereign is the 1828 Bare Head type. It's almost impossible today to locate an 1823 of this quality. In fact, after this lot sells, we honestly would not know how to find another at any price. Bidders wishing to own this very rare coin should act accordingly, for this is one of the nicest 1823 sovereigns extant, with satiny surfaces, only a few scattered marks in line with the number grade given to it, and a nice balanced look, despite a few areas that are softly struck. One of the finest known of this rare date. NGC graded MS-64.
Estimated Value $7,000 - 8,500.
The Cheshire Collection.
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| Realized $8,913 |
