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    1805 Capped Bust Quarter Eagle, BD-1, MS62
    Only One Coin Certified Finer
    Attractive Prooflike Fields

    1805 $2 1/2 MS62 NGC. Breen-6121, BD-1, R.4. Ex: Caleb Louis Collection. Only 1,781 Capped Bust quarter eagles were struck in 1805, a minuscule mintage in absolute terms, but nominal in the context of early half eagles. Only a single die variety is known for the date, the scarce BD-1. John Dannreuther estimates a surviving population of 100-150 examples in all grades. Of course, coins in MS62 condition are extremely rare. To date, NGC has certified only four specimens in MS62, with none finer; while PCGS has graded three examples at this level, with a single piece finer (6/10).
    The date has been a favorite of early-gold specialists since the earliest days of the hobby, and the issue appears in many auction catalogs of the 1860s. Henry Chapman describes a coin that sounds quite similar to the present example in the George Earle Collection (Henry Chapman, 6/1912), lot 2503, "1805 Extremely fine. Slight planchet file marks show in center of reverse. Mint lustre. Sharp, even impression." The coin realized $21, a respectable sum in 1912.
    The present coin is an attractive MS62 specimen, with reflective, prooflike surfaces. Much like the coin in the Earle Collection, the present specimen is sharply struck for an early gold issue. The obverse stars are sharp, and fine detail is evident in Liberty's hair and the eagle's feathers. A few shallow, diagonal adjustment marks can be detected on the center of the reverse. The pleasing surfaces display an attractive greenish-gold color, with a scattering of minor, grade-consistent handling marks on both sides.
    From The Caleb Louis Collection of U.S. Gold Type.(Registry values: P6) (NGC ID# BFVV, PCGS# 7653)

    Weight: 4.37 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 Caleb Louis Collection of U.S. Gold Type ]

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    Auction Info

    Auction Dates
    August, 2010
    11th-15th Wednesday-Sunday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 1,415

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    We also followed the bidding online yesterday here in Salt Lake for the other 3 coins - great fun. Prices realized met or exceeded our expectations.
    Thomas M.,
    Salt Lake City, UT
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