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Lot
1633

1806 $5 Round Top 6, 7x6 Stars MS64 PCGS....

2009 May Long Beach, CA Signature US Coin Auction #1125

 
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Auction Ended On: May 29, 2009
Item Activity: 5 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Desirable 1806 BD-6 Half Eagle, MS64
1806 $5 Round Top 6, 7x6 Stars MS64 PCGS. Breen-6448, BD-6, R.2. Dannreuther State d/e. The nation's first half eagles were coined in 1795, and for the first dozen years, mintages were modest, even though the half eagle was the primary gold denomination. From 1795 through 1806, a mere 300,000 half eagles were coined, and nearly 20% of that total was for the 1806 Round Top 6 coins. The Guide Book reports an actual mintage of 54,417 coins for this single variety, while John Dannreuther estimates the mintage at 35,000 to 50,000 coins.
The significant mintage of this single variety places it as the most common early half eagle, with many Mint State pieces still in existence. However, nearly all of those that survive are in lower Mint State grades. According to Jeff Garrett and Ron Guth, the average certified grade is 57, and the average auction grade is 52. The availability of this issue makes it an attractive and important type coin that is plentiful in any grade desired, up to MS63. Choice Mint State pieces, such as the example now offered, are rare, and Gems are extremely rare.
A few scattered but trivial surface marks on each side are all that stand between this coin and a Gem grade. Both sides have frosty luster and full mint brilliance with lovely greenish-gold surfaces. The strike is sharp with nearly all details fully defined. Population: 39 in 64, 1 finer (4/09).(Registry values: P2) (NGC ID# 25P5, PCGS# 8089)

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