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Lot 2676 |
1809/8 $5 MS65 NGC....
2009 February Long Beach, CA Signature US Coin Auction #1122
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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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No Reserve:
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Reserve Met:
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What's This?
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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: |
$92,000.00
(includes BP  ) Bid Source: HA.com/Live |
| Auction Ended On: | Feb 6, 2009 |
| Item Activity: |
10 Internet/mail/phone bidders
4,672 page views |
Description:
Rare and Important MS65 1809/8 Five Dollar
One of the Finest Examples Known
1809/8 $5 MS65 NGC. Breen-6458, BD-1, High R.3. Only one die pair was produced for the 1809 half eagles, and the obverse is apparently overdated from 1808. We say apparently as the underdate appears to be an 8. However, it could also be a repunched 9. The reverse die is the second use of an 1808 reverse that was used to produce the 1808 BD-4 die variety. This intermediate die state is lightly cracked through the stars at the left side of the obverse, with several small rust marks scattered about. The reverse has minor clashmarks but no other apparent imperfections. The striking details are remarkably strong with complete definition on each side. The bright, lustrous yellow-gold surfaces show just a hint of reddish patina and there are no noticeable abrasions on the obverse or reverse.From a mintage of 33,875 coins, the 1809 overdate is actually the rarest individual date of the Capped Bust design issued from 1807 to 1812. Actually, none of the dates are rare in lower grades, but Gem specimens are extremely rare. NGC and PCGS have combined to certify just 12 MS65 examples of the date, and only one finer piece.
A talented young engraver from Germany, John Reich, engraved the dies for the Capped Bust half eagles as part of the redesign process for all U.S. coins. Reich immigrated from Germany in 1801, and gained employment at the Mint on April 1, 1807. He continued in his position of Assistant Engraver until March 31, 1817. His work included the Classic Head design for half cents and large cents, introduced in 1808, The Capped Bust design for silver, introduced in 1807, and the similar Capped Bust design for gold, also introduced in 1807. When he wasn't engraver coinage dies, Reich spent most of his time engraving other dies for various medals struck at the Mint. Census: 10 in 65, 0 finer (1/09).(Registry values: P2) (#8104)
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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 1166, Lot 4860 | Sunday, January 8, 2012 | 65 | NGC | $69,000.00 |
| Auction 1151, Lot 5089 | Sunday, January 9, 2011 | 65 | PCGS | $126,500.00 |
| 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+ |
|---|---|---|---|---|---|---|---|
| 64 | $60,000 | $55,250 | $42,500 | $37,500 | $38,500 | $50,000 | $65,000 |
| 65 | --- | $115,050 | $88,500 | $80,000 | $81,500 | $160,000 | $195,000 |
| 66 | --- | --- | --- | --- | --- | $260,000 | --- |
| *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 | 33,875 | John Reich | ||||
| NGC | 65 | 9 | 0 | 214 | - | ||
| CAC | 65 | 2 | 0 | 28 | - | ||
| *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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