1795 $5 Small Eagle MS61 PCGS....

Description

Lustrous 1795 BD-3 Half Eagle, MS61

1795 $5 Small Eagle MS61 PCGS. Breen-6412, BD-3, High R.3. Star 11 is solidly joined to Y and star 12, diagnostic for the obverse. The left branch of the wreath has a leaf joined to the final S with the right branch separated from the O, diagnostic for the reverse. The obverse appears to be state b, with a die crack from the border to star 12, continuing faintly into the field from the inner point of the same star. The reverse appears to be uncracked, with an engraving line from a dentil to the right top of E in UNITED. This may be the same feature that Dannreuther calls a crack in his state b. Die state analysis and emission sequence study indicate that BD-3 was probably the third variety coined in the late summer of 1795.
The BD-3 die combination is far more plentiful than any other 1795 variety, an ideal choice for date and type collectors. John Dannreuther estimates more than 200 examples exist, consistent with our estimate. Our own survey of auction records leads us to believe that about two dozen Mint State examples of the variety still exist today, mostly in the MS60 to MS63 range. This example compares favorably to most of the finest survivors.
Brilliant greenish yellow-gold surfaces exhibit satiny luster. Clean surfaces and excellent eye appeal help to define the grade. Slight surface roughness near the date appears to be the result of improperly mixed alloy that creates slight lamination in that area. Population: 18 in 61, 47 finer (3/08).(Registry values: P5)

Coin Index Numbers: (NGC ID# 25ND, PCGS# 8066, GSID# 8791)

Metal: 91.67% Gold, 8.33% Copper
Weight: 8.75 grams
AGW: 0.28oz
Mintage: 8,707

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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