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Lot
3574

1795 $5 Small Eagle AU55 NGC....

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

 
Sold for: $43,125.00 (includes BP )
Bid Source: Internet bidder
Auction Ended On: Sep 19, 2008
Item Activity: 4 Internet/mail/phone bidders
1,803 page views

Description:

Choice AU 1795 Small Eagle Five Dollar, BD-4

1795 $5 Small Eagle AU55 NGC. Breen-6412, BD-4, R.5. A number of diagnostics easily identify this variety. On the obverse, a point of star 1 touches the hair curl, the tip of the 5 in the date connects to the bust, and star 11 overlaps the Y in LIBERTY. The reverse is distinguished by the central location of the wreath under the O in OF and by the position of the olive branch in relation to the UNI in UNITED.
The obverse of this variant is shared with two other Bass-Dannreuther varieties, namely BD-2 and BD-3, on which it saw earlier use. Thus the earliest die state is die state c, the state of the latest BD-3. In this slightly later die state a crack runs from the rim through star 12 and slightly into the field, but star 1 just barely touches the lowest curl; later in this die state lapping separates the two. (Bass-Dannreuther note that, since this is the last use of this obverse, some pieces [which may have been melted hundreds of years ago] should exist in the terminal die state, presumably showing shattering of the die.)
The reverse of this die marriage, BD Reverse C, is unique to this variety and can be easily distinguished not only by the diagnostics above, but because there are only three berries on the small wreath that the eagle holds in its beak--two outside and one inside.
Bass-Dannreuther estimate that 60 to 75 specimens of this variety exist, making the present coin an attractive potential acquisition for the variety or type collector. From the 30,000-foot perspective, all of the 1795 Small Eagles are important as the first gold coins struck by the U.S. Mint, even if this variety cannot possibly be the absolutely first of that important beginning.
The charming surfaces of this Choice AU example show lovely orange-gold coloration, with a few minor surface ticks consistent with the grade. A small patch of adjustment marks appears from above stars 14 and 15 to below the tip of the bust. Much luster remains, and the overall impression of one of high quality, despite some strike softness on the eagle's head and neck that is usual for the variety.(Registry values: P5) (#8066)

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Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
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 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 1116, Lot 3573 Sunday, September 21, 2008 55 PCGS $54,625.00
View prices realized from this item in other grades (you must be signed in)
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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