1795 $5 Small Eagle, BD-3, High R.3 -- Repaired -- PCGS Genuine. AU Details....

Description

1795 Small Eagle Five Dollar, AU Sharpness
BD-3, Some Prooflike Flash Remains

1795 $5 Small Eagle, BD-3, High R.3 -- Repaired -- PCGS Genuine. AU Details. Bass-Dannreuther Die State c/b. The field within the wreath has been smoothed, but no other detractions are obvious. Substantial mint luster shimmers from the sharply defined borders, hair, and wings. The 1795 half eagle was the first U.S. gold issue, and its mintage demonstrated an important advance in national identity to the rest of the world. Copper coins were first coined in 1793, and silver denominations were produced the following year, but gold could not be struck until surety bonds for coiners were reduced to a reasonable level in 1795. 12 different 1795 half eagle die marriages are known, excluding the three varieties muled with a heraldic eagle reverse coined in 1797 or later. This BD-3 example represents the most available variety, but is nonetheless scarce relative to demand for the historic introductory gold type.
Ex: Long Beach Signature (Heritage, 9/2011), lot 4287.

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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