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Lot
3849

1813 $5 MS64 PCGS. BD-1, R.2....

2013 November 1 - 3 US Coin Signature Auction - New York #1191

 
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Auction Ended On: Nov 1, 2013
Item Activity: 11 Internet/mail/phone bidders Number of Bidders
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Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:
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1813 Capped Bust Left Five, MS64
Popular BD-1 Variety
First Year of Small Bust Subtype
1813 $5 MS64 PCGS. BD-1, R.2. Bass-Dannreuther Die State b/b. Mint engraver John Reich modified his Capped Bust Left design for the half eagle in 1813, creating the interesting Small Bust subtype. The drapery was removed from the bust, the hair and eagle were restyled, and the stars were arranged in a continuous arc above the portrait, rather than the 7x6 array of the previous design. Reich continued to use his signature notched star punch on star 13 to "sign" his work. A substantial mintage of 95,428 pieces was accomplished, using only one obverse and two reverse dies.

The present coin represents the more available BD-1 variety of this date, with the common obverse paired with a reverse that shows the first S in STATES positioned over the right side of E in the ribbon. The BD-1 accounted for the majority of the reported mintage, possibly 60,000-75,000 pieces, and the surviving population probably numbers 450-650 examples in all grades. As mentioned, the obverse die was later used to strike the 1813 BD-2 variety, but this was the only use of the reverse die.

The 1813 BD-1 is the only really available date and variety of this type, making it a popular choice with type collectors. The date has been avidly collected since the earliest days of the hobby, with an auction appearance as early as lot 187 of the A.C. Kline Sale (Moses Thomas & Sons, 6/1855). Recent sales include the similarly graded PCGS MS64 coin in lot 2304 of the Coins and Medals Auction (Bonham's, 6/2013), which realized $52,650.

The coin offered here is an attractive Choice example, with well-preserved yellow and peach-gold surfaces that show only minor signs of contact. Despite some signs of lapping, the design elements are sharply detailed, except for some crumbling of the dentils on the upper reverse. Vibrant mint luster adds to the outstanding eye appeal. Population: 49 in 64, 3 finer (9/13).
(Registry values: P2) (NGC ID# 25PM, PCGS# 8116)

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