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    1825/4/1 BD-1 Half Eagle, MS61
    Important 1820s Rarity

    1825/4/1 $5 BD-1, High R.5, MS61 NGC. CAC. Bass-Dannreuther Die State a/a. There are no clash marks or signs of die lapping on either side of this important half eagle. The variety was long known as the "1825/1" half eagle, but John Dannreuther agrees with Walter Breen's hypothesis that the underdigit is a partially effaced 4, rather than a 1, writing:

    "Walter Breen speculated that the original digit below the 5 might be a mostly effaced 4. The author has carefully examined the Bass example and others and believes that this theory is correct! It would be illogical to keep an 1821 obverse die for such a long time before using it. If it was an 1821 die, why was it not overdated in 1822, 1823, or 1824?"

    Dannreuther estimates that 25 to 30 examples of this variety are known today, along with two examples of the 1825/4 BD-2, and one example of the BD-3 discovery that is unlisted in his reference. We estimate the total population slightly lower at perhaps 20 to 25 examples combined for all three varieties. This issue and many others in the early gold series would benefit from a detailed, comprehensive Condition Census. This example is only the 10th appearance of any 1825-dated half eagle in our sales over the last quarter century.

    Both sides exhibits noticeable field reflectivity that is obvious on the obverse and subtle on the reverse. Myriad trivial marks limited the grade of this half eagle that exhibits considerable orange toning on its otherwise brilliant yellow surfaces. Census: 4 in 61, 1 finer. CAC: 3 in 61, 1 finer (7/18).
    From The Lockhart Collection. (Variety PCGS# 519936, Base PCGS# 8133)

    Weight: 8.75 grams

    Metal: 91.67% Gold, 8.33% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Lockhart Collection ]

    Auction Info

    Auction Dates
    August, 2018
    14th-19th Tuesday-Sunday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 597

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