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1827 $5 MS62 NGC. CAC. Breen-6486, 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: 5 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

1827 Half Eagle, BD-1, High R.5, MS62
A Rare Single-Variety Year
1827 $5 MS62 NGC. CAC. Breen-6486, BD-1, High R.5. Only a single die pairing is known for this rare issue, one that had a reported mintage of 24,913 pieces. The date 1827 is therefore sufficient to identify the obverse. The reverse is a carryover from 1826, which shows a "tiny, oblate period in the denomination," per Bass-Dannreuther, who nonetheless estimate that as few as 10,000 pieces and as many as the full complement of 24,913 coins could have been actually dated 1827. They posit that 35 to 45 examples survive today in all grades, putting this issue at about the median rarity level in a decade that is known for some of the rarest issues in U.S. numismatics. There are four other single-variety years known for the decade -- the 1822, 1823, and 1824 -- of which the last two are of about equal rarity to the 1827, while the 1822 is a classic numismatic rarity, with three known, of which two are in the Smithsonian. John Dannreuther writes that "Bass owned two coins of this rare date, which date/variety is about the same rarity as the 1824 and BD-1 of 1826, but it is less often seen than the 1823 or the 1820, as a date."
The present MS62 NGC example is one of four at this grade level, with nine finer (11/11). Deep reddish-gold coloration prevails throughout both sides of this specimen. The strike is sharp on the obverse but falls a bit on the soft side on the reverse. There are minimal marks for the grade, however. Bass-Dannreuther point out that by this time the "Mint's dies were now striking tens of thousands of coins without cracking," explaining why there is only a single die state known for the issue, Obverse a / Reverse b.(Registry values: P6) (NGC ID# 25R5, PCGS# 8136)

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