1847-O $5.00 PCGS VF35

The 1847-O is the single rarest New Orleans half eagle and it is an issue that compares favorably to such Southern rarities as the 1842-C Small Date and 1842-D Large Date half eagles. There are probably no more than four to five dozen known in all grades with most in the VF-EF range. There have been just three VF35 examples sold at auction since 1999 with the range of prices widely going from $3,738 to $5,520. The last APR for a VF35 was Heritage 12/11: 4547 (an NGC coin) that sold for $4,025. This Choice VF example has an obverse that is essentially a full Extremely Fine in terms of its appearance while the reverse shows a bit more wear. The eye appeal is quite pleasing for the date and grade and I have seen inferior examples of this issue in EF40 holders. After many years of neglect, the true rarity of the 1847-O half eagle has become widely known but this issue remains a good value in all grades.