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Lot 3175 |
1802/1 $5 AU53 NGC....
2008 May Long Beach, CA Signature Auction #1108
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Bid Information
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Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Consignor Has Not Yet Submitted a Reserve:
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No Reserve:
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Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
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What's This?
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Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$14,375.00
(includes BP  ) Bid Source: Live: Floor |
| Auction Ended On: | May 30, 2008 |
| Item Activity: |
4 Internet/mail/phone bidders
1,069 page views |
Description:
Extremely Rare 1802/1 BD-3 Half Eagle, AU53
1802/1 $5 AU53 NGC. Breen-6440, BD-3, High R.7. Clearly the rarest of all known 1802/1 half eagle varieties, with about five examples known today. Harry Bass had just one example that is now on display at the ANA Museum in Colorado. The variety was first discovered by collector Marvin Taichert in the early 1960s, and he owned that coin until it was sold a few years ago. Waldo Newcomer also owned a coin that may be this variety but remains unlocated. This cataloger cherrypicked an example of BD-3 about 10 years ago, and that specimen is part of an Indiana specialist's collection. A fifth example was offered in our Central States sale in April. That coin, PCGS certified AU55, realized $27,600. Finally, this example is another new discovery, the second example this cataloger has discovered! With this specimen, there are six coins known, if the Newcomer example is different than any of the others. Otherwise, there are just five known pieces.An attractive AU example with faint hairlines that limit the grade. The surfaces have pleasing yellow color with faint green tendencies. There is a small oblong die chip over star 10 on the reverse, and that feature instantly identifies the variety. As it is clearly visible without magnification, it seems that more of these would be identified if they existed. We expect the population will remain small in the future.
The obverse has an extremely small rim break that joins two dentils over star 7. This feature is evident on the present coin, the Dannreuther plate coin, and the piece we sold in April. An almost identical characteristic is visible on the Dannreuther plate coins for his BD-1, BD-2, and BD-5 varieties, but is not present on his BD-4 variety. That means that BD-4 was the first 1802/1 half eagle coined from the centered overdate obverse. It was followed by the others, including this BD-3 variety. As much as we all study these numismatic rarities, there is still more to learn. An impressive opportunity for the advanced specialist.(Registry values: P2) (#8083)
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Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 460, Lot 2451 | Saturday, February 16, 2008 | 53 | NGC | $7,475.00 |
| Auction 428, Lot 2694 | Thursday, October 26, 2006 | 53 | NGC | $7,483.05 |
| Auction 1167, Lot 4750 | Sunday, February 5, 2012 | 53 | ANACS | $12,650.00 |
| Auction 434, Lot 3579 | Saturday, May 12, 2007 | 53 | PCGS | $9,775.00 |
| Auction 428, Lot 2695 | Thursday, October 26, 2006 | 53 | ANACS | $6,325.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 50 | $10,500 | $10,440 | $8,350 | $7,800 | $7,800 | $9,200 | $9,400 |
| 53 | --- | $10,940 | $8,750 | $8,250 | $8,250 | $10,000 | $10,500 |
| 55 | $13,500 | $11,940 | $9,550 | $8,725 | $8,750 | $11,500 | $12,000 |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 53,176 | Robert Scot | ||||
| NGC | 53 | 16 | 236 | 277 | - | ||
| CAC | 53 | 3 | 32 | 37 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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