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Lot
4514

1811 $5 Tall 5 MS64 NGC. BD-1, High R.3....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 5 Internet/mail/phone bidders Number of Bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
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1811 Capped Bust Five, MS64
Scarce BD-1 Variety, Tall 5
1811 $5 Tall 5 MS64 NGC. BD-1, High R.3. Bass-Dannreuther Die State b/d. The 1811 Capped Bust Left half eagle claims a hefty mintage of 99,581 pieces, with only two die varieties known for the date. This coin represents the slightly scarcer BD-1 variety, distinguished by the Tall 5 in the denomination on the reverse. Perhaps 175-250 examples of the BD-1 survive today in all grades, and examples in MS64 condition are quite rare. The BD-1 probably accounted for 25,000-40,000 pieces of the reported mintage. This was the only use of the obverse die, but the reverse was also used to produce the BD-1 variety of 1810.

The 1811 half eagle has been a popular date with collectors since the earliest days of the hobby. Examples began to appear at auction at least as early as the A.C. Kline Sale (Moses Thomas and Sons, 6/1855), where a nice example was offered in lot 185. The popularity of this issue has remained constant over the years, with recent appearances including the impressive MS64 PCGS example in lot 3522 of the FUN Signature (Heritage, 1/2007), which realized $51,750.

The present coin is a delightful Choice example, with well-preserved yellow and peach-gold surfaces that retain much of their original mint luster. The design elements are well-detailed, with the slightest touch of softness on some of the reverse devices, due to die lapping. Close inspection with a loupe reveals only minor signs of contact and some almost imperceptible adjustment marks in the reverse field, above the eagle. Visual appeal is outstanding.(Registry values: P2) (PCGS# 8110)

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