LOT Heritage Rare Coin Galleries  /  2004 June Long Beach Signature Sale #349 - Sessi...  / 

6240

1795[$5] Large Eagle MS63 Prooflike NGC.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:20,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1795[$5] Large Eagle MS63 Prooflike NGC.
<B>1795<$5> Large Eagle MS63 Prooflike NGC.</B></I> B. 5-W, Miller-13, R.7. Despite the presence of the date on the obverse, the 1795 Capped Bust Right, Heraldic Eagle Fives were not produced in 1795. Rather, these coins were produced in 1797 at the earliest, but more likely in 1798, perhaps as part of the 3,226 pieces delivered on December 5 of the latter year. Breen notes that extant 1795 Heraldic Eagle Fives display significant evidence of hasty workmanship, namely die rust on the obverse and generally poor striking quality. While the obverse portrait of the present example does reveal some rust pits, as one should expect for a leftover die that probably received very little attention prior to being pressed back into service, the overall impression is quite pleasing. There is plenty of bold, and even some sharp definition in evidence, the only noteworthy softness of detail being confined to the central highpoints. The color of this coin is pleasingly original with a deeply set, green-gold sheen throughout. One can also discern some isolated blushes of rose tinting in a few areas over and around the central reverse. Perhaps the most significant feature of this coin is the markedly prooflike finish. The fields are mirrored, suggesting an early impression from this press run, while the devices are more frosty in texture. Also, and interestingly for a business strike, an identifying lintmark (as struck) is seen on Liberty's cheek. The presence of this lintmark, as well as the prooflike finish, could mean that this coin was either the Menjou or Kern specimen, both of which were erroneously offered as proofs in 1950 (per David W. Akers, 1979). This issue is the third rarest in the Capped Bust Right, Heraldic Eagle Five Dollar series of 1795-1807. NGC and PCGS combined have seen just six examples in MS63 (resubmissions?), with a mere four finer (3/04). <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.
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