Opening Bid :
Current Bid:
Reserve Amount:

Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %s.

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %s has been outbid.

Your secret maximum bid of %s does not meet the reserve.

You have been outbid on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Category: All Auction Archive Items > Early Half Eagles Switch to Old Search Feature

Previous Lot | Auction Home | Next Lot      Jump to Lot:
Lot: 1936
Auction: 1114   		1795 $5 Small Eagle MS62 NGC....
  • Track this lot. You are tracking this item ... updating ... (stop tracking)
  • Add to MyWantlist
 
 
 

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.

Opening Bid

The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.

Bid Information

For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.

Minimum Bid

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. However, for Internet bids, these increments only apply to the current bid. 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, sometimes only $1 above the previous increment.

Number of Bidders

This number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.

Status

Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.

What's This?

Our Auction Results Archives are not only the best resource for market research, but now you have the opportunity to acquire very rare items that may not be auctioned again for some time by making an anonymous offer that will make the owner sell. Items labeled "Buy Now" indicate that the owner has set a price that would make them sell.

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 service is free to the buyer, protects the identity of both parties, and allows offers and counter-offers. You will receive a response within 72 hours.


View Larger Image

Sold for: Not Sold

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.
Ended: Jul 30, 2008
  Printable Version of Prices Realized for this Auction
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
1795 Small Eagle Five Dollar, BD-1, MS62
America's First Gold Coin


1795 $5 Small Eagle MS62 NGC. Breen 2-C, Breen-6412, Bass-3035, BD-1, R.5. The 1795 Small Eagle five has long been--and always will be--sought after by collectors due to its status as the first gold coin struck by our Mint. But if one were able to know if a certain coin was among the very first pieces struck, that would add an extra level of historical significance. Thanks to exhaustive research by the late Harry W. Bass, Jr. and John Dannreuther, we are confident that the BD-1 die marriage was used prior to the other 11 die combinations employed to strike 1795 half eagles. And with fewer than 50 pieces believed extant in all conditions, ownership of a 1795 BD-1 can only be enjoyed by a few fortunate collectors.
Amazingly, 12 die pairings were required to strike an estimated 8,707 to 12,106 Small Eagle fives dated 1795. This is testament to the fact that the early Mint was struggling with die sinking and hardening capabilities. Within a few years a single set of dies would be capable of producing at least 10 times as many coins as the first half eagle dies, thanks to American ingenuity and perseverance. In the meantime, dies were cracking and new dies were being prepared to assure fulfillment of newly appointed Mint Director Henry DeSaussure's delivery warrants for the year.
The BD-1 die marriage is identifiable by its wide date and the imbedding of the flag of 5 in the date and the point of star 15 into the bust; the only use of this obverse die. The reverse die is attributable by the location of the upper leaf in relation to the N in UNITED, and was also paired with Obverse 2 to strike approximately 520 coins to create BD-2, an R.6 variety.
Fortunately, the public in 1795 appreciated the importance--or perhaps novelty--of our nation's first gold coins and more were saved for posterity than with subsequent issues. Garrett-Guth (2006) suggest that approximately 6% of the original mintage has survived, compared to the typically less than 3% of other contemporary issues. That is not to say that many examples have survived in Uncirculated condition. In the late 1700s and early 1800s there were literally just a few collectors in America and the coins saved by the public were not afforded the same custodianship that would have been shown by a numismatist. Many were cleaned, others mounted in jewelry, and fewer than 100 pieces are believed to be extant in Uncirculated condition. The NGC Census Report shows a total of 22 pieces at the MS62 level with 24 grading finer (6/08). Those numbers include six coins designated as Prooflike. The story at PCGS is similar, with 29 coins graded as MS62 and only 20 finer. Both sets of data are surely skewed by multiple resubmissions of the same coins.
As with most high grade Small Eagle fives, the fields show semiprooflikeness. On some pieces it is greater than seen on this piece, but it definitely gives the coin a gleam. Sharply struck overall, the only softness is seen on the highest point of the hair curls and in the center of the eagle's breast and right (facing) leg. A few light abrasions and tiny planchet flakes are scattered over each side, but none are singularly distracting. The bright yellow-gold color of the coin shows just the slightest overlay of reddish patina. (Registry values: P5) (#8066)

Auction Name: 2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-3497)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 6 Internet/mail bidders, 597 page views



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 414, Lot 5472 Monday, August 14, 2006 62 NGC $86,250.00
Auction 324, Lot 6576 Saturday, May 31, 2003 62 NGC $40,250.00
Auction 414, Lot 5471 Monday, August 14, 2006 62 PCGS $149,500.00
Auction 404, Lot 2611 Saturday, April 29, 2006 62 PCGS $92,000.00
Auction 398, Lot 1298 Wednesday, December 14, 2005 62 PCGS $80,500.00
View prices realized from this item in other grades (you must be signed in)
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. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. 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.

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)

Price Guide
Sign-in or Join (free & quick)

Population Guide
Sign-in or Join (free & quick)

Find Auction Prices for Comparable Items
Heritage Auction Archives

Prices realized from past auction lots.
Great valuation tool!

Photographs

Sign-in or Join (free & quick) to see the full image

Previous Lot | Auction Home | Next Lot      Jump to Lot:
Go to Top


Add Item to MyWantList™
Description Grading Service Low Grade High Grade  

Please Wait

Loading.......

Heritage delivers Value - $694,500,693 sold at auction and in private treaty sales over the past 12 months.

Our 265,587 Coin bidder-members and 480,027 Heritage bidder-members overall (from 164 countries) enjoy all these free benefits:

  1. Bid on-line
  2. Free Collector newsletter
  3. Want List with instant e-mail notifications
  4. Auction Archives (prices, photos, full descriptions, etc.)
  5. Hall of Fame
  6. Reduced auction
    commissions when
    you resell your
    winnings 

Members Sign In

Free Newsletter and Announcements!

Quality Consignments Wanted

Consign to the 2010 June Long Beach, CA Signature World Coin Auction.

We expect to have one of our Consignment Directors visiting your area soon. Please call to arrange an appointment.

E-mail Sam Foose or call
1-800-872-6467 x1227

Video Video: Why Consign?

View traffic of HA.com vs. other auctions on Compete.com

In The News

sss
Cross Promotion

Don't miss out!
Get e-mail notifications in all of your areas of interest.