1804 $5 Small Over Large 8, BD-7, R.4, MS63 NGC. CAC....

Description

1804 Capped Bust Right Half Eagle, MS63
Small Over Large 8, BD-7
Popular Guide Book Variety

1804 $5 Small Over Large 8, BD-7, R.4, MS63 NGC. CAC. Bass-Dannreuther Die State b/b, with both sides clashed and light die cracks on the reverse. According to Mint records, a fairly substantial mintage of 30,475 Capped Bust Right half eagles was accomplished in 1804, with seven die varieties known for the date. This coin represents the BD-7 variety, with the first three digits in the date dramatically overpunched and the upright of the E in STATES over a cloud space. The BD-7 is a scarce variety in absolute terms, but it is still one of the more available issues of this date, with a surviving population of 100-150 examples in all grades. The BD-7 dies probably struck 7,500-12,500 pieces of the reported mintage. This was the third use of the obverse die, which was also used to produce the BD-5 and BD-6 varieties of this date. This was the only use of the reverse die.

The 1804 Capped Bust Right half eagle was a favorite of early collectors, who began noticing the different varieties as early as lot 1634 of the Fifth Semi-Annual Sale (W. Elliot Woodward, 10/1864), "1804 Very fine, and from a die entirely different from the last, both obverse and reverse; very scarce." The lot realized $11, about the average price for half eagles in that sale. Recent sales include the MS63 PCGS example in lot 3168 of the Summer FUN Signature (Heritage, 7/2019), which realized $54,000.

This impressive Select specimen exhibits sharply detailed design elements on the obverse, with dramatic clash marks over the date and in front of the portrait. The reverse shows some loss of detail in selected areas, due to planchet adjustment marks that were not completely struck out. The lightly marked orange-gold surfaces are lustrous and appealing. Census: 10 in 63 (1 in 63★ ), 1 finer. CAC: 4 in 63, 1 finer (9/20).

Coin Index Numbers: (Variety PCGS# 519897, Base PCGS# 8086, GSID# 198209)

Metal: 91.67% Gold, 8.33% Copper
Weight: 8.75 grams
AGW: 0.25789oz

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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