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Lot
3573

1795 $5 Small Eagle AU55 PCGS....

2008 September Long Beach, CA US Coin Signature Auction #1116

 
Sold for: $54,625.00 (includes BP )
Bid Source: Internet bidder
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Auction Ended On: Sep 19, 2008
Item Activity: 5 Internet/mail/phone bidders
2,979 page views
Description:
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Splendid 1795 Small Eagle Five Dollar, BD-3, AU55
1795 $5 Small Eagle AU55 PCGS. Breen-6412, BD-3, High R.3. The Bass-Dannreuther Early U.S. Gold Coin Varieties: A Study of Die States, 1795-1834 lists 12 varieties for the 1795 Small Eagle five dollar, plus a 1796/5 overdate. Varieties BD-2, BD-3, and BD-4 show overlapping obverse stars 11 and 12, and star 11 over the Y of LIBERTY. The reverse wreath of BD-4 has three berries, while BD-2 and BD-3 each have four berries. The present coin, an example of the BD-3, is distinguished from BD-2 by the palm leaf that extends past N in UNITED, a higher inside right berry on the wreath, and by the tips of the wreath that are roughly centered between the S of STATES and the O of OF.
The Mint produced half eagles from 1795 through 1929, although not during every year of that period. The 2009 Guide Book notes that with the production of five dollar commemorative and bullion coins at West Point in the late 20th century "this is the only U.S. denomination made at each of the eight mints." Only 8,707 1795 half eagles were minted, with 175-225 of this variety known today. As Dannreuther notes, "Although this is the common variety of 1795 Small Eagle coinage, one must realize common is a very relative term. Even if there are 200 extant for this pairing, it is still a rare coin."
The obverse of the present example displays a sharp strike, but there is softness in the central part of the eagle from the head to the right (facing) leg. A bit of detritus clings to a few letters on both sides, and there is a tiny dig below the eagle on the reverse; neither is bothersome. Both sides display red-gold toning, slightly darker on the obverse, with a contrasting yellow-gold halo surrounding the stars and letters. This pleasing example of the first-year half eagle issue is an ideal coin for the type or early gold collector.
From The Menlo Park Collection.(Registry values: P5) (#8066)

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Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1158, Lot 7496 Sunday, August 14, 2011 55 PCGS $41,687.50
Auction 1121, Lot 4037 Sunday, January 11, 2009 55 PCGS $37,375.00
Auction 1136, Lot 2150 Sunday, January 10, 2010 55 NGC $37,375.00
Auction 1136, Lot 2151 Sunday, January 10, 2010 55 NGC $37,375.00
Auction 1128, Lot 1247 Sunday, August 2, 2009 55 NGC $40,250.00
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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.
Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Thursday, June 11, 2009 55 PCGS $36,800.00
Unconfirmed Sunday, May 24, 2009 55 PCGS $39,100.00
Unconfirmed Wednesday, March 26, 2008 55 PCGS $54,625.00
Unconfirmed Tuesday, November 13, 2007 55 PCGS $69,000.00
Unconfirmed Tuesday, March 14, 2006 55 NGC $34,500.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
53 --- $46,880 $37,500 $34,500 $34,500 $45,000 $46,000
55 $50,000 $50,000 $40,000 $36,500 $36,750 $49,500 $51,500
58 $75,000 $60,630 $48,500 $44,500 $44,500 $60,000 $65,000
*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 8,707 probably Joseph Wright
NGC 55 50 122 223 -
CAC 55 4 13 24 -
*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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