Very Scarce 1796/5 Small Eagle Five
1796/5 $5 Small Eagle--Rim Damage--NCS. XF Details.
Breen-6418, BD-1, High R.4. Jeff Garrett and Ron Guth believe the
1796/5 Capped Bust, Small Eagle half eagle is an underrated coin,
with a tiny officially reported mintage of 6,196 pieces. John
Dannreuther believes even this small total is too large, and some
of the reported coins were probably dated 1795. Dannreuther
estimates a surviving population of perhaps 80-100 examples in all
grades. A search of auction records confirms Heritage has not
handled an example of this scarce date in the last three years.
BD-1, XF40 Details
The BD-1 variety is the only one known for the year, and early catalogers usually overlooked the overdate feature. An example appeared in the McCoy Collection (Woodward, 5/1864), lot 1942. Woodward described the piece as "1796 Very fine, and excessively rare." The lot sold for a respectable $21.00 to "Eley" (probably Heman Ely).
The present coin features attractive, orange-gold surfaces with smooth, even wear over the high points of the design. No large or individually distracting marks are present, just numerous tiny abrasions peppered over each side. This offering represents a rare opportunity to acquire an affordable example of this very scarce date.(Registry values: P7) (NGC ID# 7KNJ, PCGS# 8067)
Weight: 8.75 grams
Metal: 91.67% Gold, 8.33% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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