1795 $5 Small Eagle XF40 PCGS
Lot 189
1795 $5 Small Eagle XF40 PCGS
US$ 30,000 - 35,000
£22,000 - 26,000

Coins and Medals

11 Dec 2017, 13:00 EST

New York

Lot Details
1795 $5 Small Eagle XF40 PCGS
1795 $5 Small Eagle XF40 PCGS
BD-10, R.5. The BD-10 Small Eagle half eagle features the obverse die (shared with BD-8, BD-9, and the BD-13 Large Eagle). Star 1 is behind the lowest curl with one point overlapping it, and the date is closely spaced, the 1 just free of the hair. Star 10 touches the rear of the cap. The reverse shows the rightmost (facing) leaf pair with a stubby, short second leaf. There are four berries in the wreath, two inside and two outside, with the inner right berry small and low. The D in UNITED and the second T in STATES show obvious recutting.

Soft reddish-golden patina with essentially-mark-free surfaces, save for a couple of tiny abrasions near the center of the reverse. The first United States coins struck in gold were half eagles, with the first examples delivered from the coiner on July 31, 1795. There are 12 known die varieties of the 1795 Small Eagle coinage comprising 8,707 pieces. This was certainly not the entire mintage of 1795 Small Eagle half eagles, however. Five deliveries of half eagles were also recorded for 1796, totaling 6,196 pieces. Given the rarity of half eagles bearing the 1796 date (all are 1796/5), the fact that only one die variety has ever been identified, and that 1795 half eagles appear so much more regularly, it is believed that most of the 1796 mintage consisted of coins dated 1795. A simple design but an elegant tradition in early U.S. numismatics. Housed in an early green label holder. (PCGS 8066)
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Auction information

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    Auction administration - Coins and Banknotes
    Bonhams
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