1849/1848
Gold Eagle NGC MS61 B-6888 - The overdated variety of
the 1849 eagle, considered by Breen to be very rare.
All digits of both dates are visible, with remnants
of the 1848 date very clear. The first date was punched
very high, leaning slightly upwards, and the second
date was punched somewhat lower into the die. Unknown
to Breen in his encyclopedia to exist in mint-state,
such as the present example, which is one of the finest,
if not the finest known for this variety.
This coin is an earlier die state, showing the die
crack from the bottom through the 4 and into the bust
very faint. Several overdates and repunched dates
are known for this series, but often these are not
as prominent as on this piece. Of the present date,
a few repunched dates exist but this is the only actual
overdate.
Examples seldom come on the market in this die state,
which has the repunching very clear, making it a true
rarity.With a mintage of 653,618 eagles struck for
general circulation, non-overdated examples of this
date are readily available. The majority of the pieces,
however, soon went into circulation and stayed there
for a longer period. As a result, most pieces that
are still in existence are in EF and lower grades,
with mint state pieces being scarce.
As can be expected, Mint State examples of this overdate
are true rarities. In fact, the finest piece that
has been offered in recent times was graded AU-50,
and was of a later die-state. It can be assumed that
this actually is the only known Mint State piece of
this overdate.This coin, graded MS-61 by NGC, is a
truly uncirculated coin. No luster breaks (a key future
for identifying mint state gold coins) are seen on
either side, which are both very lustrous. A few small
marks account for the grade, but none of them are
too distracting. Original yellow color shows, making
this a truly uncirculated gold coin from the mid 19th
century, with a rare overdate and a seldom seen chance
for the specialist.
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