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ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 4133

Starting price: 1 USD
Price realized: 47 000 USD
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Early Half Eagles
1819 $5 Overpunched Denomination (I Over 0), BD-1, High R.6, XF45 PCGS. Bass-Dannreuther Die State b/c. The BD-1 variety is one of three challenging half eagle die marriages struck in 1819. Regardless of variety, all 1819 half eagles are rare both in number of surviving coins and in the frequency of public auction appearances. We have handled just three 1819 half eagles in the current decade, and only a few additional examples emerge when looking back at our full archives from the past 20+ years. Heritage maintains a detailed roster of 1819 half eagles, which records 19 examples of the BD-1 variety, seven BD-2 representatives, and a single BD-3 coin (a recent discovery, identified by Heritage Senior Numismatist Mark Borckardt, which was sold in our August, 2014 ANA Signature Auction).
Interestingly, our roster exceeds the number of grading events at PCGS and NGC, where a total of 19 pieces are reported with all grades and varieties combined. The present coin is a Choice XF example -- in itself an unusual occurrence for rare-date early gold. Typically, only higher-grade pieces survive that were numismatically saved, as well as a few impaired coins. Almost invariably, all others were lost to melting or attrition.
This example displays attractive greenish-gold surfaces and traces of mint luster at the margins. The surfaces are above-average with considerable eye appeal. Sharp definition remains throughout both sides for the assigned grade. The BD-1 die marriage employs the same blundered reverse die as the 1818 BD-3 variety, formerly known as the "5D Over 50" repunched denomination, but it is actually an overpunched capital letter "I" over 0 to create the illusion of a "D." We expect strong competition for this exceptional collector-grade Capped Head rarity. Population: 1 in 45, 7 finer (6/17).

HID02901242017
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