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Lot
4874

1813 $5 MS60 NGC. Breen-6467, BD-1, R.2. ...

2011 October 13-16 US Coins Signature Auction- Pittsburgh #1160

 
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Auction Ended On: Oct 14, 2011
Item Activity: 8 Internet/mail/phone bidders
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Location: David L. Lawrence Convention Center
1000 Ft. Duquesne Blvd.
Pittsburgh, PA 15222

Description:
1813 BD-1 Half Eagle, MS60
First-Year Type Coin
1813 $5 MS60 NGC. Breen-6467, BD-1, R.2. The Capped Bust, Small Bust, Large Size type half eagle (in Bass-Dannreuther's terminology), was produced from 1813-1829, and Dannreuther writes of it:

"This type was more extensively hoarded and melted than the prior one, so most of the survivors are in high grade--the average survivor for this type is usually found in the higher circulated grades or Uncirculated, while the previous issues are sometimes found quite worn. Because there were relatively few gold coins in circulation stateside from 1812 onward, and none were seen after 1821 until the introduction of the lighter gold coins after July 31, 1834, this is expected. As mentioned, this type is many times rarer than those of 1812 and prior. Those coins of 1813 are the only available date of this type ... ."


The preceding places the present coin in its proper context, as an Uncirculated example of the most available date and variety in a very rare overall type. The 1813 half eagle mintage was large--95,428 coins split between two die varieties sharing a common obverse. The BD-1 reverse shows the D in the denomination leaning left; it is upright on the rarer BD-2. This Mint State coin displays bright, even yellow-gold color. The strike is a bit soft, as usual, on the high points, and there are numerous small abrasions on each side, but none worthy of singular mention. No planchet adjustment marks are visible. A singular opportunity for type collectors.
From The Christmas Lake Collection.(Registry values: P2) (NGC ID# 25PM, PCGS# 8116)

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