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1798 $5 Large Eagle, Large 8, 13 Star Reverse AU50 PCGS. Breen-6426, BD-2, R.5....

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

 
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Auction Ended On: Aug 12, 2011
Item Activity: 10 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1798 Large Eagle, Large 8 Five Dollar
13 Star Reverse, BD-2, AU50
1798 $5 Large Eagle, Large 8, 13 Star Reverse AU50 PCGS. Breen-6426, BD-2, R.5. Bass-Dannreuther Obverse State b / Reverse State a. This piece bears an obverse that was also used to strike the famous 1798 Small Eagle five dollar pieces, celebrated rarities in the early U.S. gold series and anachronisms on the day they were struck. The reverse here, of course, is the Large Eagle reverse that was in vogue by that time, but as Bass-Dannreuther point out, the obverse serves to increase interest in the variety, which in any case is rare on its own merits.
This greenish-gold piece with a light overlay of reddish color is remarkable in that it shows only minimal obverse die clashing and none on the reverse, likely the earliest state of this die marriage. Light high-point wear is in concert with the grade, and no adjustment marks appear on either side. The strike is somewhat weak in the centers. A small series of tiny marks run across Liberty's chin but are undistracting. Certified in a green-label holder.
From The Oliver Collection.(Registry values: P3) (NGC ID# 25NN, PCGS# 8078)

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