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Lot
2662

1802/1 $5 MS64 NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
Sold for: $37,375.00 (includes BP )
Bid Source: HA.com/Live
Auction Ended On: Feb 6, 2009
Item Activity: 5 Internet/mail/phone bidders
1,134 page views

Description:

Beautiful 1802/1 BD-8 Half Eagle, MS64

1802/1 $5 MS64 NGC. Breen-6440, BD-8, R.4. Bass Dannreuther State c/b. This is an intermediate die state with light clash marks on the obverse, behind the lower curls and through the date. The reverse has a faint die crack through UNI.
All 1802 half eagles are overdates, from two obverse dies prepared but unused in 1801. While half eagles were obviously anticipated in 1801, the substantial mintage of eagles that year took precedence, and the half eagle dies were never used. Both dies were overdated and used in 1802. The two obverse dies are easily told apart by the position of the 2, and the position of the 1 underneath. This die has a high 2 with the underlying 1 to the left of center. The other die has a low 2 with the underlying 1 centered beneath. There are eight known varieties from the two obverse dies, five from the Low 2 die and three from the High 2 die.
The Bass-Dannreuther reference has done a great deal to clarify varieties of early gold coins. Earlier studies included those by Walter Breen and Robert Miller. Breen listed six varieties from the first obverse and four varieties from the second obverse in his half eagle monograph. He then added a seventh variety from the first obverse in his monograph of new varieties, for a total of 11 different combinations. Miller listed nine varieties, and finally, John Dannreuther listed eight varieties, which is now thought to be correct.
Breen's reverse H and I are the same die, seen on this example. In his monograph, Breen noted that his description was written from the illustration of lot 575 in the 1963 RARCOA sale of the Bell Collection. That plate actually matches his description for reverse H and reverse I.
The present piece is a wonderful representative, perhaps approaching the Condition Census for the variety. Both sides have exquisite green-gold luster with rich peripheral orange toning. Although a few abrasions keep it out of the Gem class, the overall eye appeal is excellent. Census: 15 in 64, 1 finer (12/08).(Registry values: P2) (#8083)

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Bidding Guidelines and Bid Increments

Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 1128, Lot 1251 Sunday, August 2, 2009 64 NGC $34,500.00
Auction 69022, Lot 62380 Sunday, February 8, 2009 64 NGC $37,375.00
Auction 1114, Lot 1942 Sunday, August 3, 2008 64 PCGS $63,250.00
Auction 394, Lot 3463 Saturday, January 7, 2006 64 PCGS $48,875.00
Auction 398, Lot 1300 Wednesday, December 14, 2005 64 PCGS $44,562.50
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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.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
63 $32,500 $33,310 $26,650 $24,500 $24,750 $39,500 $43,000
64 $50,000 $56,880 $43,750 $40,000 $40,000 $64,500 $75,000
65 --- $172,250 $132,500 $118,500 $120,000 $175,000 $195,000
*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 64 13 1 277 -
CAC 64 0 1 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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