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Lot
4676

1825/1 $5 MS62 PCGS. CAC. Breen-6483, BD-1, High R.5....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 11 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
1825/1 Half Eagle, MS62
Rare Overdate, BD-1 Variety
Only Four Finer Coins at PCGS
1825/1 $5 MS62 PCGS. CAC. Breen-6483, BD-1, High R.5. All half eagles produced in 1825 are overdates, with two distinct varieties known for the date. The BD-1 variety, represented by the coin offered here, has historically been called the 1825/1, because the underdigit resembles a 1 more than anything else, but John Dannreuther believes the numeral is actually a partially effaced 4. The other die variety for the year has always been called the 1825/4 because the undertype is easily recognizable. The two varieties share the same reverse, but the obverse die differs in several respects, most notably the placement of the 8 in the date. The 8 on the BD-1 variety is considerably lower than on the BD-2, so the BD-2 is definitely not just a different die state of the BD-1, as some researchers have suggested. NGC has begun to certify this issue as 1825/4 Partial 4, but PCGS retains the older 1825/1 nomenclature.
The BD-1 variety is a rare coin in today's market, with both PCGS and John Dannreuther estimating the surviving population at 25-30 examples in all grades (the BD-2 is extremely rare, with just two specimens known). The BD-1 probably accounted for about 15,000-17,500 examples of the reported 20,060 piece mintage for the year. PCGS and NGC have combined to certify only 20 coins of the BD-1 variety in all grades (11/11).
The present coin is an impressive MS62 specimen, with prooflike greenish-gold surfaces, highlighted by vivid traces of orange. The design elements are well-detailed, and the overdate is plainly visible. This coin possesses terrific eye appeal to complement the Mint State preservation rarely seen on coins of this era. Population: 1 in 62, 4 finer (11/11).
From The Harvey B. Jacobson, Jr. Collection.(Registry values: P6) (NGC ID# 25R2, PCGS# 8133)

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