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Lot: 3573
Auction: 1116
1795 $5 Small Eagle AU55 PCGS....
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: Internet
Ended: Sep 18, 2008
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Auction Name: 2008 September Long Beach, CA US Coin Signature Auction #1116
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
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This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 4 Internet/mail bidders, 807 page views

Description
1795 $5 Small Eagle AU55 PCGS. Breen-6412, BD-3, High R.3. The Bass-Dannreuther Early U.S. Gold Coin Varieties: A Study of Die States, 1795-1834 lists 12 varieties for the 1795 Small Eagle five dollar, plus a 1796/5 overdate. Varieties BD-2, BD-3, and BD-4 show overlapping obverse stars 11 and 12, and star 11 over the Y of LIBERTY. The reverse wreath of BD-4 has three berries, while BD-2 and BD-3 each have four berries. The present coin, an example of the BD-3, is distinguished from BD-2 by the palm leaf that extends past N in UNITED, a higher inside right berry on the wreath, and by the tips of the wreath that are roughly centered between the S of STATES and the O of OF.
The Mint produced half eagles from 1795 through 1929, although not during every year of that period. The 2009 Guide Book notes that with the production of five dollar commemorative and bullion coins at West Point in the late 20th century "this is the only U.S. denomination made at each of the eight mints." Only 8,707 1795 half eagles were minted, with 175-225 of this variety known today. As Dannreuther notes, "Although this is the common variety of 1795 Small Eagle coinage, one must realize common is a very relative term. Even if there are 200 extant for this pairing, it is still a rare coin."
The obverse of the present example displays a sharp strike, but there is softness in the central part of the eagle from the head to the right (facing) leg. A bit of detritus clings to a few letters on both sides, and there is a tiny dig below the eagle on the reverse; neither is bothersome. Both sides display red-gold toning, slightly darker on the obverse, with a contrasting yellow-gold halo surrounding the stars and letters. This pleasing example of the first-year half eagle issue is an ideal coin for the type or early gold collector.
From The Menlo Park Collection.(Registry values: P5) (#8066) View Entire Collection.

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Lot Bidding Ends Grade Service Current Bid
Auction 1121, Lot 4037 Thursday, January 8, 2009 AU55 PCGS $32,500.00
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Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 422, Lot 3489 Saturday, January 6, 2007 55 PCGS $51,865.00
Auction 394, Lot 3460 Saturday, January 7, 2006 55 PCGS $40,250.00
Auction 1116, Lot 3574 Sunday, September 21, 2008 55 NGC $43,125.00
Auction 434, Lot 2274 Saturday, May 12, 2007 55 ANACS $18,400.00
Auction 414, Lot 5470 Monday, August 14, 2006 55 ANACS $21,850.00
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