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CSNS Signature US Coin Sale 1254  26-28 Apr 2017
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Lot 4256

Estimate: 1 USD
Price realized: 32 000 USD
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Early Half Eagles
1825/4/1 $5 BD-1, High R.5, AU53 PCGS. Bass-Dannreuther Die State a/a. From a nominal mintage of 29,060 pieces, the 1825 Capped Head Left half eagle is an elusive issue, with three die varieties known for the date. This coin represents the BD-1 variety, the only collectible 1825 variety, as only two examples of the BD-2 are known, and the recently discovered BD-3 is currently unique. The BD-1, which was historically called the 1825/1 half eagle, is a challenging issue in its own right, with a surviving population of 25-30 examples in all grades. Noted researcher Saul Teichman recently discovered the obverse die was originally dated 1821. It was overdated, but not used in 1824, then overdated again in 1825, making the correct date 1825/4/1 (PCGS currently classifies the issue as 1825/4/1, while NGC certifies it as 1825/4 Partial 4). The obverse die was also used to strike the unique BD-3 variety of this date and the reverse was employed to strike the extremely rare BD-2.
The present coin is an attractive AU53 example, with just a touch of wear on the sharply detailed design elements. Light recutting is evident on many of the stars and a large center dot is apparent in the horizontal stripes of the shield. The lightly abraded orange-gold surfaces retain much of their original mint luster and overall visual appeal is quite strong. Housed in a green label holder.
From The Hutchinson Collection, Part II.

HID02901242017
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