Estimated grade. Ex. Farouk (1954) Sold by David Akers Numismatics May '98 Price realized $3300
David Akers (1975/88): When available, the 1840 is invariably only Very Fine or Extremely Fine at best. Strictly graded AU examples are very rare and I have not personally seen an uncirculated specimen. As a date, this issue is not as rare as the 1839 Type of '40 but it is even less often available in high grade (AU or better).
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