Three other examples are known from a mintage of 268 coins during the San Francisco Mint’s first year of production, and only one of them is privately held. After learning that NGC determined the coin was genuine, the owner was said to be considering consigning it for public auction. The New England owner of the coin did not disclose to grading service officials how he came to acquire the coin, according to NGC, and the person’s identity is not publicly known. With the addition of this fourth coin, Coin World’s Coin Values now assigns it a value of $1.75 million in EF-40 and $4.5 million in About Uncirculated 55.
NGC has placed a $3 million valuation online for an Extremely Fine coin, without making a specification for EF-40 or EF-45. Since no example of one of the coins has sold since 1982, current values in the various price guides for on an 1854-S half eagle are speculative. Also this week, some points to consider before bidding. Isn’t there more to talk about at a show than grades? Brad Karoleff laments the changing nature of conversations at shows, which have veered toward incessant discussions of grade. “It’s like finding an original Picasso at a garage sale,” says Mark Salzberg, chairman of Numismatic Guaranty Corp., the firm that authenticated the coin as genuine and graded it Extremely Fine 45.
Identification of the fourth surviving 1854-S Coronet gold $5 half eagle, which the owner had believed might be counterfeit, is being touted as the “discovery of a lifetime.”
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