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1829 Large Diameter, Large Date, BD-1, R.7, MS66 NGC....
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Sold on Jan 14, 2026 for:
$1,006,500.00
Bid Source: Live: Phone bidder
Description
1829 Capped Head Left Half Eagle, MS66
Large Diameter, Large Date, BD-1
Only Seven Examples Traced
Ex: Harry W. Bass, Jr.
1829<$5> Large Diameter, Large Date, BD-1, R.7, MS66
NGC. Ex: Bass. Bass-Dannreuther Die State a/c, with a die crack
through the base of the denomination on the reverse. The 1829
Capped Head Left half eagle is known in two varieties, one struck
with a Large Date on a Large Diameter planchet and the other struck
on a smaller diameter planchet, with smaller numerals in the date.
Both versions are landmark rarities in the popular series, with the
Large Diameter type slightly more elusive. Most experts agree only
seven examples of the Large Diameter variety (classified as BD-1 in
the leading series reference) are extant. Two of the known
specimens were struck in proof format and five examples were
circulation strikes. Two of the business strikes are included in
institutional collections at the Smithsonian Institution and the
Durham Museum, forever out of reach of eager collectors. Current
population data for the issue shows one PR66+ example, a PR64
specimen, and an MS66+ coin at PCGS, with this single MS66 piece at
NGC (12/25). A single impaired example that was once used in
jewelry completes the known population for this issue (see roster
below). Heritage Auctions is privileged to present a spectacular
Premium Gem example of this storied early gold rarity, one of the
most important coins in this sale, in this impressive offering.Important Advancements in Minting Technology in 1829
The following is quoted from our lot description of the 1829 Large Diameter half eagle in our Central States Signature sale of May 2023 (that coin was the PR66+ example that was once included in the Harry W. Bass Collection, like the coin offered here).
"Coinage operations had long outgrown the old First United States Mint building by 1829, and the cornerstone for a more spacious and impressive facility, at Chestnut and Juniper Streets in Philadelphia, was laid on July 4, 1829. It would require several years to complete construction and transfer personnel and equipment from the old building at 7th and Filbert to the new location, but change was definitely in the air throughout this exciting period and new technology was the order of the day. Many numismatists have commented on the improved appearance of U.S. coinage in the 1827-1833 time period, particularly on gold proofs. In an article in the December 2015 edition of the John Reich Journal, volume 25, issue 3, Craig Sholley attributes much of this improvement to the installation of the heavy Rush & Muhlenberg five-man screw press, late in the year in 1827. This press was designed primarily for hubbing dies, using a slow, even squeeze to impress the design from the hub into the surface of the die, rather than the fast-impact strike of the regular coin press. The action of the Rush & Muhlenberg press was too slow for high-speed coinage, but it was ideal for striking sharply detailed proofs, medals, and patterns, with raised, squared-off rims. Accordingly, the Mint used these heavy screw presses to strike medals and proofs long after the introduction of steam-powered coin presses for regular coinage operations in 1836. The screw presses were only retired in 1893, when the advent of modern hydraulic presses finally made them obsolete.'
"Another technological innovation, the Close Collar, was introduced on the half eagle in 1829 and had an even more dramatic effect on coinage. The introduction of the revolutionary close collar technology in 1829 resulted in two distinct design types for the year, the old Large Diameter, Large Date, BD-1 variety, like the present coin, and the new Reduced Diameter, Small Date, BD-2 variety. The planchets were not restricted by the old Open Collar when striking the Large Diameter issue, resulting in coins that were often not precisely centered, with slightly irregular cigar-shaped dentils that extended to the edge of the coin. The old, large set of punches was used on the date and lettering of the BD-1 coins, as well. John Dannreuther notes that the BD-1 employed a different punch for the 2 in the date than any other Large Diameter half eagle of the 1820s, with a ball instead of a curly top. The BD-2 coins, struck later in the year, were held tightly by the collar, which did not allow the planchets to move or expand during striking, keeping the coins perfectly centered and imparting a reeded edge in the process. The BD-2 coins had uniform diameters, with beaded dentils and a raised rim around the perimeter. Chief Engraver William Kneass modified the design, altering the bust slightly, to the "Fat Head" motif, and using smaller punches for the date, to fit the smaller diameter. On the reverse, the lower leaves in the branch virtually touch the dentils. Since the coins contained the same amount of gold as the Large Diameter pieces, the BD-2 half eagles are somewhat thicker than their BD-1 counterparts."
Striking the Coins
Mint records indicate a substantial production of 57,442 Capped Bust Left half eagles was accomplished in 1829, split between the two design types. Deliveries were made as follows:
March 31 - 7,781 pieces
May 1 - 5,584 pieces
June 30 - 12,010 pieces
September 8 - 7,960 pieces
September 22 - 8,190 pieces
December 31 - 15,926 pieces
Walter Breen noted that a letter from the Mint Director to the Secretary of the Treasury announcing the striking of the first half dimes with the new Close Collar technology did not mention the Small Diameter half eagles, causing him to speculate that the five dollar coins had not been struck by that date. Breen further reasoned that at least the final delivery on December 31 must have included the Small Diameter coins. No information on the two September deliveries has ever come to light. Accordingly, John Dannreuther estimates, the BD-1 dies were used to strike between 25,366 and 41,516 pieces of the reported mintage, depending on whether the September deliveries were Large Diameter or Small Diameter coins, or a mixture of both. This was the only use of the BD-1 obverse die, but the reverse was previously used to strike the BD-2, BD-3, and BD-4 varieties of 1828.
Historical Rarity and Popularity
The early half eagles were avidly collected by well-to-do 19th century numismatists and the 1829 Capped Head Left five was an especially popular issue. Examples began appearing at auction at least as early as lot 1958 of the John F. McCoy Collection (W. Elliot Woodward, 5/1864), where the cataloger noted, "1829 Splendid, a proof, very rare, not more than six known." The lot realized a strong price of $34 to prominent collector J.O. Emery. Of course, prices have increased exponentially since those early times, with the two proof examples both realizing more than a million dollars in recent sales and at least one business strike example approaching that lofty figure. See the roster below for a detailed history of prices realized over the years.
The 1829 half eagle was publicly offered several times in the 1860s, but collectors only noticed the different varieties sometime later. Both versions were extremely rare and seldom encountered, affording few opportunities for collectors to compare and contrast the few survivors. It is possible that Cambridge, Massachusetts collector George Seavey was the first numismatist to own an example of both varieties. Seavey sold his collection through New York coin dealer William Strobridge in 1873, and the cataloger described his two 1829 half eagles in lots 490 and 491 as the "Old Type" and "New Type" respectively. Although Strobridge published this Seavey Descriptive Catalogue in 1873, the auction actually never took place, because millionaire collector Lorin G. Parmelee purchased the entire collection intact before the date of the sale. Knowledge of the two varieties of the 1829 half eagle remained restricted and only became widespread in the 1880s, thanks to the more advanced study of die varieties by numismatists like John W. Haseltine and John Colvin Randall.
The 1829 Large Diameter half eagle only appeared in widely spaced public offerings during the 20th century, as several of the coins in private hands were tightly held in long-term private collections, like those of the Garrett family and Virgil Brand. The prestige of the coins has only increased in recent years, as knowledge of its rarity and historic importance became widespread, through the research of scholars like Harry Bass and John Dannreuther.
The Present Coin
The coin offered here traces its history to some of the most famous coin collections of the 20th century. Prominent collectors like William Woodin, who became Secretary of the Treasury under President Franklin Roosevelt, and Baltimore financier Waldo Newcomer were early owners of this coin. It later passed through the collections of "Colonel" E.H.R. Green and King Farouk of Egypt, two of the most colorful and eccentric collectors of all time. Harry W. Bass, Jr., a tireless researcher and avid collector of all U.S. early gold issues, acquired this piece in 1976 and held it until his death in 1998. It has not been publicly offered in 26 years, making it entirely fresh to the market.
The present coin is a magnificent Premium Gem that exhibits razor-sharp definition on all design elements. The stars all have full radials and fine detail is evident on the feathers on the eagle's neck. The impeccably preserved yellow-gold surfaces show traces of green and orange in selected areas. Vibrant frosty mint luster radiates from the devices, with slightly reflective satiny luster in the fields. Overall eye appeal is terrific. This coin possesses an unbeatable combination of high technical quality, absolute rarity, outstanding visual appeal, and an illustrious pedigree. It should find a home in the finest collection or Registry Set. The 1829 Capped Head Left half eagle is listed among the 100 Greatest U.S. Coins. Census: 1 in 66, 0 finer (12/25).
Roster of 1829 Large Diameter, Large Date, BD-1 Half Eagles
This roster is updated from information earlier supplied by John Dannreuther, Ron Guth, Saul Teichman, and Wayne Burt.
1. PR66+ PCGS. Possibly Col. Mendes I. Cohen Collection (Edward Cogan, 10/1875), lot 149, $10.50; John W. Haseltine; John Colvin Randall Collection (W. Elliot Woodward, 6/1885), lot 934, $32; David S. Wilson Collection (S.H. Chapman, 3/1907), lot 79, $325; Virgil M. Brand (Brand Journal #37148); Armin Brand; Christmas present to Frieda Brand in 1935; Jane Brand Allen; Virgil M. Brand Collection, Part I (Bowers and Merena, 11/1983), lot 280, $88,000, to bidder #223 (either Stanley Kesselman or Joe Kuehnert in partnership with Anthony J. Terranova); Auction '85 (Superior, 7/1985), lot 941, $104,500; Harry W. Bass, Jr; Harry Bass Core Collection/Central States Signature (Heritage, 5/2023), lot 4562, $2,880,000.
2. PR64 PCGS. Owned by Joseph J. Mickley by 1867 and probably before 1858, when he mentioned the 1829 half eagles in his monograph, Dates of United States Coins and Their Degrees of Rarity; W. Elliot Woodward; William Sumner Appleton; W. Elliot Woodward (privately, 1/1883); T. Harrison Garrett; Robert and John Work Garrett, jointly; John Work Garrett; The Johns Hopkins University; Garrett Collection, Part I (Bowers and Ruddy, 11/1979), lot 471, $165,000; Stanley Kesselman; David Akers; Les Fox; Rare and Important U.S. Gold Coins Auction (Stack's, 10/1988), lot 82, $165,000; 1989 ANA Convention Auction (Bowers and Merena, 8/1989), lot 548, $115,500; Michael I. Keston Collection (Superior, 1/1996), lot 120, $209,000; Harvey Jacobson; FUN Signature (Heritage, 1/2012), lot 4681, $1,380,000; Laura Sperber (Legend Numismatics), as agent for Bob R. Simpson.
3. MS66+ PCGS. Possibly Rev. Foster Ely (Scott Stamp & Coin Co., 11/1888), lot 42, $36; James V. Dexter; Harlan Page Smith Collection (Chapman Brothers, 5/1906), lot 218, $240; John H. Clapp; Clapp Estate (1942); Louis E. Eliasberg, Sr.; Eliasberg Estate; United States Gold Coin Collection (Bowers and Ruddy, 10/1982), lot 387, $82,500; Marvin Browder; RARCOA (privately, 9/1987); D. Brent Pogue Collection (Stack's Bowers/Sotheby's, 5/2016), lot 4036, $763,750; Del Loy Hansen PCGS Registry Set.
4. MS66 NGC. William H. Woodin; Waldo Newcomer (invoice #118, cost $750); "Col." E.H.R. Green; King Farouk; Palace Collections of Egypt (Sotheby's, 2/1954), part of lot 244; Dr. Clifford Smith (Stack's, 5/1955), lot 1691, $11,000; 1976 ANA (Stack's, 8/1976), lot 2945, $65,000; Harry W. Bass, Jr. Collection (Bowers and Merena, 10/1999), lot 820 (as MS65 PCGS), $241,500. The present coin.
5. MS66 ICG. Probably W. Elliot Woodward (Sixth Semi-Annual Sale, 3/1865), lot 2780, $25; William Strobridge; then possibly to George Seavey, who exhibited an 1829 half eagle at the Boston Numismatic Society on February 4, 1869; Seavey Descriptive Catalog (William Strobridge, 6/1873), lot 490; Lorin G. Parmelee, who bought the entire Seavey Collection en masse before the sale; Parmelee Collection (Strobridge, 6/1873), lot 789, withdrawn (Heritage numismatist David Stone believes that this coin, offered as a duplicate from the Parmelee Collection, was withdrawn from the sale when Parmelee realized that it was a Large Date, and therefore not a duplicate); Lorin G. Parmelee Collection (New York Coin & Stamp Co., 6/1890), lot 988, $52; Byron Reed Collection; Omaha City Library/Durham Western Heritage Museum.
6. MS63 (per Garrett and Guth). Peter Mougey; Mougey's collection was purchased intact by William H. Woodin, who retained some coins for his own collection and consigned the bulk of his holdings to dealer Thomas Elder (see the following sale); Peter Mougey Collection (Thomas Elder, 9/1910), lot 1075, $75; S.H. Chapman; Col. James W. Ellsworth; Wayte Raymond; William Cutler Atwater Collection (B. Max Mehl, 6/1946), lot 1646, $3,100; Josiah K. Lilly Collection; Smithsonian Institution.
7. Fine Details NGC. Possibly discovered in Europe (per Kagin's) or, alternatively, an unidentified old lady, per Walter Breen; Coen and Messer (New York); William Fox Steinberg; Edwin Shapiro; 1964 ANA (Federal Brand Enterprises, 8/1964), lot 2863; Greater Houston Sale (Henry J. Berube, 1/1966), lot 552; Grand Central Sale (Paramount, 11/1966), lot 718; MANA Convention Auction (Kagin's 11/1974), lot 1617, $19,000; 1986 FUN Sale (Mid-American, 1/1986), lot 2029, $10,000; ANA Signature (Heritage, 7/1997), lot 5203, $17,825; Central States Signature (Heritage, 4/2017), lot 4258, $23,500. The damaged reverse of this coin was repaired again between its 1986 and 1997 auction appearances.
Other Appearances
A. John F. McCoy Collection (W. Elliot Woodward, 5/1864), lot 1958, $34; J.O. Emery; Heman Ely (W. Elliot Woodward, 1/1884), lot 841, $18.
B. Fifth Semi-Annual Sale (W. Elliot Woodward, 10/1864), lot 1652, $36; J.O. Emery; Emery, Taylor & Loomis Collections (W. Elliot Woodward, 3/1880), lot 1012, $14.
C. William J. Jenks Collection (Edward Cogan, 4/1877), lot 346, $20.
D. Phineas Adams; William J. Jenks; Sixty-Ninth Sale (John W. Haseltine, 6/1883), lot 363, $14; Harold P. Newlin who offered this example to T. Harrison Garrett in October 1883. Garrett returned the coin to Newlin as he already owned the Mickley specimen (2 above).
Coin Index Numbers: (Variety PCGS# 519944, Base PCGS# 8139)
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.
Auction Info
2026 January 14 - 17 FUN US Coins Signature® Auction #1390 (go to Auction Home page)
Auction Dates
January, 2026
14th-17th
Wednesday-Saturday
Bids + Registered Phone Bidders: 20
Lot Tracking Activity: N/A
Page Views: 841
Buyer's Premium per Lot:
22% of the successful bid per lot.
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