1819 $5 Overpunched Denomination (I Over 0), BD-1, High R.6, VF35 NGC. CAC....

Description

1819 Half Eagle, VF35
BD-1, Overpunched Denomination
Classic Capped Head Rarity

1819 $5 Overpunched Denomination (I Over 0), BD-1, High R.6, VF35 NGC. CAC. Bass-Dannreuther Die State b/c. The BD-1 variety is one of three half eagle die marriages struck in 1819. Regardless of variety, all 1819 half eagles are rare both in number of surviving coins and in the frequency of public auction appearances. We have handled just three 1819 half eagles in the current decade, and only a few additional examples emerge when looking back at our full archives from the past 20+ years. Heritage maintains a detailed roster of 1819 half eagles, which records 19 examples of the BD-1 variety, seven BD-2 representatives, and a single BD-3 coin -- a recent discovery, identified by Heritage Senior Numismatist Mark Borckardt, which was sold in our August, 2014 ANA Signature Auction.

Interestingly, our roster exceeds the number of grading events at PCGS and NGC, where a total of 19 pieces are reported with all grades and varieties combined. The present coin is a Choice VF example -- in itself an unusual occurrence for rare-date early gold. Typically, only higher-grade pieces survive that were numismatically saved, as well as a few impaired coins. Almost invariably, all others were lost to melting or attrition.

This is the former Amon Carter coin, last seen at auction in 1990, with bright greenish-gold surfaces and traces of mint luster remaining at the margins. CAC endorsement recognizes the above-average surfaces and considerable eye appeal. Sharp definition remains throughout both sides for the assigned grade. The BD-1 die marriage employs the same blundered reverse die as the 1818 BD-3 variety, formerly known as the "5D Over 50" repunched denomination, but it is actually an overpunched "I" over 0 to create the illusion of a "D" (explained in detail in our description of the 1818 BD-3 example, also appearing in this sale). The current coin is housed in a prior generation, pre-barcode NGC holder. We expect strong competition for this exceptional collector-grade Capped Head rarity. Census: 1 in 35, 6 finer. CAC: 1 in 35, 3 finer (1/17).
Ex: Amon Carter Family Collection (Stack's, 1/1984), lot 656; The Robert W. Rusbar sale (Bowers and Merena, 6/1989), lot 376; The Brooks Collection auction (Superior, 1/1990), lot 4604.
From The Hutchinson Collection, Part II.

Coin Index Numbers: (Variety PCGS# 519918, Base PCGS# 8123, Greysheet# 351786)

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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