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Lot
5546

1796/5 H10C MS63 PCGS. V-2, LM-2, R.6....

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
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Auction Ended On: Aug 9, 2013
Item Activity: 6 Internet/mail/phone bidders
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Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:
1796/5 Enigmatic Overdate Half Dime, MS63
V-2, LM-2, Pristine and Very Rare
1796/5 H10C MS63 PCGS. V-2, LM-2, R.6. The 1796/5 overdate is an interesting and ambiguous variety, as well as extremely rare. If one takes a look at the Guide Book or the Logan-McCloskey half dime reference, one notices that the Flowing Hair half dimes were a two-year type, first struck in 1794 and continuing through 1795. All of the 1796 half dimes were of the Draped Bust type. So how is it that the overdate 1796/5 exists in the Draped Bust format? We assume that the engraver of this die mistakenly punched a 5 in the die, then realizing his mistake, punched a correct 6 on top. Another possibility, less likely, is that a 1795 Draped Bust die was prepared but never used, then overdated for 1796. The existence of 1795 Draped Bust dollars strengthens this line of reasoning, but we shall likely never know the exact cause of this oddity.

This gorgeous Select Mint State specimen displays satiny luster beneath deep, original gold, violet, and blue toning. The top flag of the 5 is blatant beneath the 6. The obverse shows heavy diagonal adjustment marks that weaken the detail on both sides, but the surfaces are virtually pristine. Population: 3 in 63, 2 finer (6/13).(Registry values: P7) (NGC ID# 22ZY, PCGS# 4255)

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