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Lot
4565

1808/7 $5 MS64 PCGS. BD-2, High R.4....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
Sold for: Not Sold
Auction Ended On: Aug 3, 2012
Item Activity: 4 Internet/mail/phone bidders
568 page views
Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
Very Scarce 1808/7 Five
Close Date, BD-2, MS64
1808/7 $5 MS64 PCGS. BD-2, High R.4. Two 1808/7 die marriages are known, both of which share a common reverse die with a closely spaced denomination. Although the obverses for BD-1 and BD-2 are quite similar, they can be distinguished by the alignment of denticles below the date. BD-2 also has an open curl (from die lapping) above the 0 in the date. According to Early U.S. Gold Coin Varieties, A Study of Die States, 1795-1834, (2006), quoting from the Bass Notebook:

"OBV: 8 over 7. Wide date. Numerals evenly spaced. Numerals widely spaced. 1 is centered over two denticles. Top of 1 higher than that of 8. Cross bar of 7 within top opening of 8. Serif of 7 atop 8 at left. No foot of 7 visible beneath bottom loop of 8. Large round die center punch lump within a depressed circle on jaw in front of hair curl. Die has been lapped, resulting in bottommost curl being weak and broken at right side. This interior is hollow. REV: That of 1807 (Y). Clash visible within shield. Clashed and lapped."


This very rare near-Gem example has a crisp strike, and the field areas on each side are virtually untouched. No planchet adjustment marks are visible. One of the lower points of obverse star 13 is malformed (as made -- the so-called "secret signature" of designer John Reich). Lovely satin luster illuminates the clean fields and well-formed devices. The essentially yellow-gold coloration is imbued with lime-green undertones. Although this piece is remarkably well preserved, we note a single hair-thin line on Liberty's neck. The reverse seems virtually blemish-free.
From an estimated mintage of 7,500 to 12,500 (for the BD-2 variety, from a total for the date of 55,578+ pieces), this specimen is one of just three coins certified at the MS64 grade tier by NGC and PCGS combined, and only a single Gem has been encapsulated, by PCGS (7/12).
Ex: FUN Signature (Heritage, 1/2007), lot 3518.(Registry values: P3) (NGC ID# 25PB, PCGS# 8103)

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