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    Description

    1818 BD-2 Half Eagle, MS63+
    Popular STATESOF Variety
    CAC Endorsed

    1818 $5 STATESOF, BD-2, R.4, MS63+ PCGS. CAC. Bass-Dannreuther Die State c, with a bisecting crack from the rim through star 6 down to Liberty's ear and curls below. Three die varieties of 1818 half eagles are known. These are:

    BD-1: Normal Dies
    BD-2:
    STATESOF
    BD-3:
    5D/50



    The McCoy Family Collection contains two of the three 1818 varieties, lacking only the BD-1. The STATESOF variety is the most available of these. It is regarded as an R.4 with an estimated 100 to 125 pieces extant. Slightly less than 50% of the known 1818 STATESOF half eagles are Uncirculated with many of those in the MS60 to MS62 grade range. This variety is scarce in properly graded MS63, rare in MS64, and very rare in Gem condition. The single finest coin is the PCGS/CAC MS66 that realized $211,500 in the Pogue Collection, Part III (Stacks Bowers, 2/2016), lot 3151.

    This choice example is notable for its originality and it appears closer to MS64 than it does to a "typical" MS63. Both sides exhibit thick frosty mint luster with pleasing medium to deep green-gold color that is accented by splashes of orange-gold. Some minor weakness of strike is noted in the centers, a feature seen on all examples of this variety, while the surfaces are notably clean. On the obverse, a bisecting die crack adds to the overall character and makes this piece instantly identifiable as a BD Die State c.

    This coin is the sole MS63+ graded by PCGS (6/20). There are six pieces supposedly graded MS64 by this service but none have sold at auction since July 2009, leading us to believe this number is inflated by resubmissions. Since the Summer of 2002, there have been three auction prices realized for PCGS-certified MS63 coins. The most recent is from the ANA Signature (Heritage, 8/2016), lot 4288, a coin that sold for $44,650. The most recent auction transaction for a PCGS-certified MS64 reaches back to July 2009 when Stack's sold a piece for $60,000.

    This choice 1818 STATESOF half eagle is likely at the tail end of the Condition Census for the variety. It would make a great addition to a sophisticated type set of early gold. CAC has approved two pieces in MS63 (including this piece in MS63+) with three finer (6/20).
    Ex: Central States Signature (Heritage, 4-5/2010), lot 2249, where it sold for $60,375 as a PCGS/CAC MS63; The McCoy Family Collection.
    From The McCoy Family Collection of Capped Head Half Eagles.

    Coin Index Numbers: (Variety PCGS# 519912, Base PCGS# 8121)

    Weight: 8.75 grams

    Metal: 91.67% Gold, 8.33% Copper


    View all of [The McCoy Family Collection of Capped Head Half Eagles ]

    View Certification Details from PCGS

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