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    Description

    1832 Capped Head Left Half Eagle, MS64
    Square Base 2, 13 Stars, BD-1
    Tied for Finest at PCGS, Ex: Pogue

    1832 $5 Square Base 2, 13 Stars, BD-1, R.5, MS64 PCGS. CAC. Ex: D. Brent Pogue Collection. Bass-Dannreuther Die State a/a. A substantial mintage of 157,487 Capped Head Left half eagles was achieved in 1832, with two die varieties known for the date. Most of the bullion used to accomplish the large production came from the mines in Georgia and North Carolina, but Latin American sources contributed a surprising amount of precious metal, which would normally have been sent to Spain in earlier times. Mint Director Samuel Moore's 1832 Mint Report notes:

    "Of the amount of gold coined within the past year, about $80,000 were derived from Mexico, South America, and the West Indies; $28,900 from Africa; $678,000 from the gold region of the United States; and about $12,000 from sources not ascertained."


    Trade with Mexico naturally increased greatly after that country gained its independence from Spain in 1821 and the flow of specie from Latin America was an important consideration in establishing the branch mint at New Orleans in 1838.

    The present coin represents the BD-1 variety, easily recognized by the 13 stars on the obverse. The BD-1 is a rare variety, with a surviving population of 35-40 examples, according to PCGS CoinFacts. Even that small estimate may be too generous, as PCGS and NGC have combined to certify only 26 examples in all grades, including an unknown number of resubmissions and crossovers (9/19). This was the only use of the obverse die, but the reverse was used again to strike the ultra-rare BD-2 variety of this date, the famous 12 Stars variety.
    The BD-1 coins probably accounted for 125,000-150,000 pieces of the reported mintage, but nearly all those coins were exported and melted because their intrinsic value exceeded their face value.

    This remarkable Choice example exhibits well-detailed design elements, with just a touch of the usual softness on Liberty's ear curl, stars 5 and 9, and the eagle's left (facing) wing. The pleasing antique-gold surfaces show only minor signs of contact. A shallow scratch below Liberty's ear and a mark in the field near star 10 serve as handy pedigree markers. Original satiny mint luster radiates from both sides with outstanding overall eye appeal. It may be years before a comparable specimen becomes available, making this piece a Registry Set essential. Population: 3 in 64, 0 finer (9/19).
    Ex: ANA Sale of the Millennium (Bowers and Merena, 8/2000), lot 2227, realized $50,600; D. Brent Pogue Collection, Part IV (Stack's Bowers, 5/2016), lot 4042, realized $105,750; Joan Zieg Steinbrenner.
    From The Joan Zieg Steinbrenner Collection, Part II. (NGC ID# BFYG, Variety PCGS# 519950, Base PCGS# 8156)

    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 Joan Zieg Steinbrenner Collection, Part II ]

    Auction Info

    Auction Dates
    January, 2020
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 20
    Lot Tracking Activity: N/A
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