1834 Plain 4 Classic Head Gold Eagle Brings $92,000

February 10, 2010 – Numismatic sales continue to perform well, with certified gold Eagles and other rare coins bringing high prices for investors. This was certainly the case for an 1834 Plain 4 Classic Head $5 Gold Eagle which recently sold for the impressive price of $92,000 in New York. This sale underscores the success enjoyed by many investors in certified gold Eagle coins.

The coin that was sold was a prooflike, gold Half Eagle that had been graded MS-66 by NGC. The coin is considered to be one of the highest quality coins of its date and type remaining, and the $92,000 price reflects its quality. Because the gold Eagles were heavily circulated, many were destroyed and most of those that remain are in poor condition.

The oddity of this coin is that with its combination of rarity and excellent condition, this gold Eagle would still be considered a “sleeper”, or a coin that has not broken through to its value. The PCGS price guide lists this year and grade coins with a value of $200,000, suggesting that a piece like this can expect to gain value as time passes.

For investors in certified gold Eagle coins, this Classic Head Half Eagle is the type of coin to seek; a certified coin of limited supply and high quality will likely find its value as its demand increases. Regardless of the price range, investors should look to purchase coins that are limited availability, good quality and priced below value so that they have the opportunity to profit from their purchase and resale. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org