Lot 1866
Important 1838-C Eliasberg $5 Gold. PCGS graded AU-55 Eliasberg. How many presentable examples of this Charlotte rarity (of which only 17,179 were coined) have survived? Not many. In fact, there are only three Uncirculated pieces (an MS61 each at NGC and PCGS, an MS63 at NGC) and almost nothing else above EF--just a few, including this one, the nicest of the AUs, which also happens to be the Eliasberg coin, yet another indication of its rarity in grade. Mostly it shows little marks, including a chattermark before Liberty's nose and a lot of fritzies. The color is mellow, a pleasing yellow gold typical of the better Southern mint coins of the 1830s. The eagle and Liberty herself are both well struck, though some stars are flat-topped. An important gold coin from the fading days of yore down those Southern plantations. Just remember how rare native ore was back in the 1830s in the South. It would be another dozen years before the yellow metal would erupt from the hills and streams of Cal-i-forn-ay-ey.
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