1818 $5 BD-1, R.5, MS63 PCGS....

Description

1818 Capped Head Left Half Eagle, MS63
Elusive Normal Dies, BD-1 Variety
Condition Census Example

1818 $5 BD-1, R.5, MS63 PCGS. Bass-Dannreuther Die State b, with an extensive network of die cracks on the reverse. According to Mint records, the Philadelphia Mint struck a respectable production of 48,588 Capped Head Left half eagles in 1818, with three die varieties known for the date. This coin represents the elusive BD-1 variety, with STATES OF normally spaced and a normal 5D in the denomination. John Reich's "signature" star punch, with the inner point notched, was used to impress all 13 stars on the obverse. It is thought that Chief Engraver Robert Scot created this obverse die, after Reich resigned his position the year before. Scot slightly altered the bust punch and probably did not notice the notched star punch when he impressed the stars. This was the only use of both obverse and reverse dies. John Dannreuther estimates the BD-1 dies were used to strike 10,000 to 15,000 examples of the reported mintage. The BD-1 is an elusive variety, with a surviving population of 50 to 65 examples in all grades today.

The present coin is a spectacular Select example, with razor-sharp definition on all design elements. There is a die crack through the bottom of the letters in AMERICA to 5D, and another from the rim through the eagle's claw. The pleasing orange-gold surfaces are lightly marked and radiate vibrant mint luster from both sides. There is a planchet flaw above the eagle's head. This coin is pictured on PCGS CoinFacts and tied with several other coins for third place on the PCGS CoinFacts Condition Census. We expect intense competition from series specialists and Registry Set enthusiasts when this lot is called. Population (for the variety): 2 in 63 (1 in 63+), 1 finer (3/24).

Coin Index Numbers: (Variety PCGS# 519911, Base PCGS# 8119, Greysheet# 351782)

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.

View Certification Details from PCGS