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Lot
4683

1831 $5 MS61 PCGS. Breen-6494, BD-2, R.6. ...

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 9 Internet/mail/phone bidders Number of Bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
1831 BD-2 Half Eagle, MS61
The Norweb Specimen
1831 $5 MS61 PCGS. Breen-6494, BD-2, R.6. Half eagle mintage figures from 1818 through 1834 are suspicious. Mint records indicate that there were 1,273,825 half eagles coined during that period. However, John Dannreuther records just 21 reverse dies used for that production, an average of more than 60,000 coins per strike. The average reverse die life is plausible, until die states are considered. Just 10 of the 21 reverse dies are known with die cracks, and they are always minor.
Mint records suggest that 140,594 half eagles were coined in 1831, and today, we know of two die varieties from one obverse die and two reverse dies, one of the latter carried over from 1830. John Dannreuther suggests that 14 to 18 examples of his BD-1 variety exist, alongside 22 to 30 examples of his BD-2. This cataloger believes that those estimates are a trifle optimistic, and further believes that they should be reversed. The actual number of pieces known for each variety is similar, and extremely small.
The Norweb specimen, with an unknown earlier provenance, is highly lustrous with satin mint brilliance. Both sides have faint field reflectivity with minuscule surface marks. The design motifs are bold and the eye appeal is excellent. Splashes of deep blue patina appear on the cheek and on other high points. Population: 1 in 61, 4 finer (11/11).
Ex: Norweb Collection (Bowers and Merena, 10/1987), lot 781.
From The Harvey B. Jacobson, Jr. Collection.(Registry values: P6) (NGC ID# 25RD, PCGS# 8153)

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Auction 1204, Lot 5735 Thursday, April 24, 2014 MS61 NGC $47,500.00
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