1798 $5 Large Eagle, Large 8, 13 Star Reverse MS62 NGC....

Description

High-End 1798 Five Dollar Gold Piece
Large Eagle, Large 8, MS62, BD-4

1798 $5 Large Eagle, Large 8, 13 Star Reverse MS62 NGC. Breen-6428, BD-4, High R.4. Bass-Dannreuther Die State c/d with two upper reverse cuds. The largest cud has formed above the O in OF, and another is centered above the space between E and S in STATES. It is unusual to find cuds on the reverse die, since this die was usually placed in the anvil position when striking coins. If a small piece of the die broke off, it would likely remain in place in this lower position, while a broken piece in the hammer die would be more likely to fall out, leaving a space for the cud to form in the broken spot. Of course the placement of dies in the hammer and anvil positions may not have been standardized at this early point in Mint history. This example demonstrates how little we know about procedures in the early Mint.
The present offering is an outstanding example of this early issue. All devices are finely detailed, except for one weak star on the reverse. The surfaces are free from important blemishes, and the luster is impressive. An interesting and well preserved specimen from the early days of the Mint. Census: 8 in 62, 6 finer (3/09).(Registry values: P3)

Coin Index Numbers: (NGC ID# 25NN, PCGS# 8078, GSID# 8797)

Metal: 91.67% Gold, 8.33% Copper
Weight: 8.75 grams
AGW: 0.28oz
Mintage: 24,867

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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