There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.

1796/5 $5 Small Eagle AU53 PCGS. Breen-6418, BD-1, High R.4....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

Sold for: Sign-in or Join (free & quick)
Make Offer:
Make Offer to Owner

The owner of this Item has been actively participating in the Make Offer to Owner program.
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Aug 12, 2011
Item Activity: 6 Internet/mail/phone bidders
913 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631


1796/5 Small Eagle Five, AU53
Scarce Early Gold Issue
BD-1, Only Known Variety
1796/5 $5 Small Eagle AU53 PCGS. Breen-6418, BD-1, High R.4. Half eagles were the first gold coins minted by the United States, beginning at the end of July 1795. Philadelphia Mint records show a total production of 8,707 half eagles in 1795 and 6,196 in 1796, but most of the latter were actually dated 1795. Current rarity ratings indicate that about 600 1795 Small Eagle half eagles and 100 1796 half eagles survive in all grades.
The current population suggests a mintage of about 12,800 half eagles dated 1795 and 2,100 dated 1796 (all 1796 half eagles are overdates, 1796/5). An alternative is examination of auction offerings. Our Permanent Auction Archives show a total of 198 offerings of 1795 Small Eagle pieces and 17 appearances of 1796 half eagles. That data suggests an original mintage of 13,700 pieces dated 1795 and just 1,200 dated 1796. The predicted estimates fall closely in line with John Dannreuther's estimate of "1,057 to 2,000" coins. The 17 past auction appearances of 1796 half eagles in all Heritage auctions since 1993 include one MS61, four AU58, one AU55, three AU53, and two XF45 coins.
The limited die states recorded for all 1796 half eagles provide another clue to the small mintage of coins bearing the 1796 date. A single die marriage is known, with a few examples having a short die crack at the bottom obverse.
The present specimen is different from any of those we have offered in the past. Both sides have light yellow surfaces with splashes of orange toning near the borders. Small green spots at the upper reverse appear to be attached to the surface of the coin rather than imbedded in the surface. Both sides show trivial marks and minor hairlines. Two tiny nicks in the right obverse field should prove useful for provenance hunters. Population: 6 in 53, 13 finer (6/11).(Registry values: P7) (NGC ID# 25NE, PCGS# 8067)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
or Join (free & quick)
Price Guide
or Join (free & quick)
Population Guide
or Join (free & quick)
Find Auction Prices for Comparable Items:

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

Open For Bidding
Coming Soon
sold in the last year
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
Consign to the 2015 August 12 - 17 ANA World Coins Signature Auction - Chicago.
Learn About Consigning With Us
Our participation in the Heritage Gallery Auctions on Friday and Saturday were very enjoyable, and we were impressed with every aspect of the auction operation.
E. & N. B.,
Littleton, CO receives more traffic than any other auction house website. To compare for yourself, visit:
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
2015 February 26 - March 1 PNG Dallas Invitational US Coins Signature Auction - Dallas
2015 February 26 - March 1 PNG Dallas Invitational US Coins Signature Auction - Dallas
REALIZED SO FAR $6,510,053
2015 January 13 - 14 World Coins & Ancient Coins - Dallas
2015 January 13 - 14 World Coins & Ancient Coins - Dallas
REALIZED $3,001,104
2015 January 8 - 12 FUN World Currency Signature Auction - Orlando
2015 January 8 - 12 FUN World Currency Signature Auction - Orlando
REALIZED $990,575