PCGS grade. Ex. Green; Farouk (1954) Sold by David Akers Numismatics Oct '97 Price realized $17600
Gordon Wrubel: As you can see by the great photos above, there are obvious differences between the Large Letter (LL) and Small Letter (SL) reverses of the 1842 $5. The puncheons on the LL are tall and about twice the size of the SL. They are crowded, almost touching at their bases. The tops of the letters are CLOSE to the rim. The SL reverse puncheons are squared, about as wide as they are tall. The letters are widely spaced and AWAY from the rim.David Akers (1975/88): For years the 1842 Large Letters has been claimed to be more common than the 1842 Small Letters. However, as the auction records clearly show, this is not the case. The Large Letters variety appears at auction only half as often as the Small Letters variety. In fact, the 1842 large Letters has fewer auction appearances than any other Philadelphia Mint Liberty Head Half Eagle except the 1875. It is an extremely rare coin.