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Heritage World Coin Auctions
FUN Signature US Coin Sale 1251  4-6 & 8-9 Jan 2017
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Lot 5891

Starting price: 1 USD
Price realized: 38 000 USD
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Early Half Eagles
1806 $5 Knob 6, 7x6 Stars, BD-6, R.2, MS64+ PCGS. A new obverse die was created for this marriage, departing from the previous obverse dies used in 1806. This obverse has a Knobbed 6 compared to the Pointed 6 of all other varieties. Also unlike the other 1806 varieties, this obverse has the stars arrange with seven to the left and six to the right.
When John Dannreuther compiled the Bass-Dannreuther reference, he recorded four obverse states and six reverse states. Obverse State b requires a die crack from the edge to the bottom of the curl, and the final State d requires a rust lump on the upright of the R in LIBERTY. This piece has no trace of the die crack from the border to the hair curl, but does show the rust lump. Possibilities are the rust lump occurred earlier, or the die was relapped, removing the die crack. Prominent die polish lines are evident in the obverse field.
Similarly, the reverse die state is uncertain. Reverse State a is perfect, State b is clashed and lapped, State c is cracked from the edge through the N to the arrowheads, State d is "further cracked," State e is reclashed, and State f is further reclashed. The reverse of the present piece has die rust and is cracked from the left wingtip to the top of the first S, and faintly through AMERICA, but has no evidence of clashing, lapping, or the State c die crack. This piece just doesn't fit the mold.
A splendid Choice Mint State example, this early half eagle has brilliant yellow surfaces with reflective obverse fields and frosty reverse luster. Wisps of rose overtones appear on the reverse. A Census level example, one of only four that PCGS grades MS64+, with only three finer, all graded MS65 (11/16).
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