1824 $5 BD-1, High R.5, MS62 PCGS....

Description

1824 BD-1 Half Eagle, MS62
Seldom Located Finer

1824 $5 BD-1, High R.5, MS62 PCGS. Bass-Dannreuther Die State a/b. A single die variety is known for this year and it is distinguished by a Curved Base 2 in the date. The 1824 half eagle is similar in overall rarity to the 1826 and 1827 but it is rarer in higher grades. There are an estimated 30 to 40 pieces known with probably no more than a dozen or so in Uncirculated. The PCGS population figures show three pieces graded in both MS62 and MS63. There are "eight" graded in MS64, a number that is almost certainly inflated by resubmissions. A single coin has been graded MS65, an NGC coin sold by Heritage for a record $199,750 in its FUN Signature (1/2014).

This piece is characterized by attractive natural light green-gold color with some deeper orange-gold accents seen in the recesses on the reverse. The strike is excellent with a slight amount of weakness seen in the centers. The surfaces show several marks in the fields from handling, which are consistent with the assigned grade. In fact, this coin is handsome for an MS62 with good overall eye appeal.

This coin is the only 1824 half eagle graded MS62 to sell at auction since the end of 2003. The most meaningful current auction price realized for this date is a PCGS MS63 that realized $114,000 in the FUN Signature (Heritage 1/2019), lot 4661.

This coin has been off the market since 2007 and it represents an unusual opportunity for the advanced collector to obtain an 1824 half eagle that is clearly above average for the issue.
Ex: J.A. Sherman Collection (Stack's, 8/2007), lot 3220, where it brought $86,250.
From The McCoy Family Collection of Capped Head Half Eagles.

Coin Index Numbers: (Variety PCGS# 519933, Base PCGS# 8132, Greysheet# 351789)

Weight: 8.75 grams

Metal: 91.67% Gold, 8.33% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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View Certification Details from PCGS