There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


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 %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

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

Your secret maximum bid of %bidPretty% has been outbid.

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

(Sign-In to see your maximum bid)

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

Lot
2153

1796/5 $5 Small Eagle XF45 PCGS....

2010 January Orlando, FL FUN US Coin Auction #1136

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 7, 2010
Item Activity: 11 Internet/mail/phone bidders
815 page views
Location: Orlando, FL
Description:
Elusive 1796/5 BD-1 Half Eagle, XF45
1796/5 $5 Small Eagle XF45 PCGS. Breen-6418, BD-1, High R.4. In Early U.S. Gold Coin Varieties, A Study of Die States, 1795-1834, John Dannreuther rates the 1796/5 half eagle as High R.4, with an estimate of 80 to 100 known examples surviving today. Our experience is different, and we feel that Dannreuther was liberal in his estimate of survivors. Prior to the present offering, we have only handled 12 examples in the last 16 years since the beginning of our Permanent Auction Archives, and only half of those pieces were unimpaired like the present specimen. Our opinion is that fewer than 50 half eagles bearing the 1796/5 overdate are still in existence today.
A comparison of mintage figures suggests that 1796 half eagles, with 6,196 coins struck, should be only slightly less rare than 1795 half eagles with 8,707 coins struck. However, mintage figures do little to explain the inner workings of the Philadelphia Mint in the 1790s. For the production of 1795-dated half eagles, the Mint made use of eight obverse dies and nine reverse dies in 12 combinations. Following that coinage, they used an extra 1795 obverse die that was overdated, along with a reverse die that had already been used, to produce the entire 1796-dated coinage from a single die combination. Novice collectors might assume that the 12 1795-dated varieties had an average mintage of 725 coins per die marriage, while more than 6,000 coins were struck from a single die the very next year.
A better interpretation of the 1795 and 1796 half eagle coinage is explained through the use of 13 die combinations to produce 14,903 coins, for an average of almost 1,150 coins per die marriage. Therefore, 1,150 pieces is the estimated mintage for 1796-dated half eagles. A second interpretation is the survival rate method. Our estimated current survival quantity reveals that about 3.6% of the original 1795-96 mintage still exists, yielding an estimated 1796 half eagle mintage of 1,377 coins. Either interpretation of the mintage figures will show that the 1796 half eagle is much rarer than 1795, and substantially undervalued today.
This lovely green-gold example has smooth surfaces with exceptional eye appeal. Only a few faint abrasions and tiny blemishes are evident, and they are consistent with the PCGS assigned XF45 grade. In fact, this is an exceptional piece for the XF45 grade, and appears to be a borderline AU example with considerable luster remaining on each side.(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
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:

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




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
880,687
bidder-members
$973,707,979
sold in the last year
VIEW BENEFITS
  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
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 January 4 - 5 World & Ancient Coins Signature Auction - New York.
Learn About Consigning With Us
Your individual attention and service has been of the very highest caliber.
S.J. Witte
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
REALIZED $36,100,727
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
REALIZED SO FAR $10,493,377
2014 August 6 ANA Currency Platinum Night Auction - Chicago
2014 August 6 ANA Currency Platinum Night Auction - Chicago
REALIZED $2,960,604