February 8, 2010 – An auction last week included a coin that is a perfect example of what investors seek; an 1860-D Half Eagle. This PCGS MS-63 gold Eagle was minted in the Dahlonega Mint in Georgia just before the Civil War and is one of 10 coins that were returned to the Mint in exchange for some gold bullion and scrap, and it has remained in the Mint owner’s family until its recent sale. Due to the coin’s history, attributes and quality, it has an impressive value that investors like to find in a rare gold Eagle.
The coin’s high quality is a tribute to the fineness of its minting and is rather amazing since it was stored for years in a rolled-up sock with several other coins. In spite of this unusual storage, it is a beautiful coin with a well-documented history. As the highest graded coin of its kind on record at PCGS, this piece is valued at nearly $50,000.
Although there were originally 10 identical pieces returned to the Mint, this coin is the only quality one left, adding to its value. Gold Eagles and other certified rare coins are valuable due to their gold, their quality and their desirability; this particular coin has an impressive combination of these three traits.
Investors who wish to profit from gold Eagles or other certified rare coins should look for pieces that have been graded and preserved by either NGC or PCGS, coins that are of excellent quality and coins that have the potential to increase in value in the future. Such coins are the perfect example of what investors seek and what can be found in a coin like this 1860-D Half Eagle.
Joshua Harris
Senior Staff Writer - Gold-Eagle.org