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CSNS Signature US Coin Sale 1254  26-28 Apr 2017
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Lot 4224

Estimate: 1 USD
Price realized: 32 000 USD
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Early Half Eagles
1796/5 $5 BD-1, High R.4, XF45 PCGS. Bass-Dannreuther Die State a/b. With a reported mintage of only 6,196 pieces, just a single die pair was required for this second-year Small Eagle issue. The present coin is a moderately circulated example with Choice XF definition on the motifs and generally smooth, greenish-gold surfaces. Occasional orange accents at the central obverse and within letters of the reverse legend add appeal, along with a few faint glimpses of remaining mint luster. The underdigit 5 is readily apparent beneath the primary 6.
Light abrasions, as expected, are scattered across both sides with a few shallow lines but no heavy marks. We note a narrow, curving scrape near 1 and 7 of the date. The wing feathers retain much of their detail, and Liberty's hair strands and cap folds are well-defined. Bass-Dannreuther estimate under 100 pieces known, and suggest that some of the reported mintage includes 1795-dated coins. This scarce, overdate issue is a necessity for type, date, and specialty collectors. Housed in a prior generation green label holder. Population: 3 in 45, 23 finer (2/17).
From The Hutchinson Collection, Part II.

HID02901242017
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