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Lot
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(1831-34) $5 C.Bechtler Five Dollar, 150G. 20.CARATS MS62 NGC. K-15, Breen-7743, R.7. A lovely, mildly reflective represent...

2006 January Orlando, FL (FUN) Signature Auction #394

 
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Auction Ended On: Jan 5, 2006
Item Activity: 6 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Exceptional Mint State C. Bechtler 150G Five Dollar
(1831-34) $5 C.Bechtler Five Dollar, 150G. 20.CARATS MS62 NGC. K-15, Breen-7743, R.7. A lovely, mildly reflective representative with full border beads that are only slightly askew on the obverse. Both sides show medium, natural green-gold color, with a subtle reddish blush across the center of the obverse. Surface marks are somewhat numerous, but generally light and scuffy and fail to diminish the coin's prooflike qualities. Several tiny planchet cracks are noticed at the borders.
Struck by Christopher Bechtler in the autumn of 1831, this variety is held in high esteem by collectors of Southern gold as the first half eagle produced by the Rutherford County, North Carolina coiner. Most of these initial strikings were soon melted as two weight reductions occurred within a span of three years. It has long been regarded as a rarity and it is estimated that a mere 15 to 20 pieces are known. Six years have passed since our last offering of a Bechtler K-15 in any grade. Only three Mint State pieces have been certified by both services combined. Census: 1 in 62, 0 finer (11/05). Listed on page 345 of the 2006 Guide Book.
From The Great Western Collection of Territorial Gold, Part Two. (PCGS# 10118)

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