LOT Old Heritage Auctions  /  2008 April Rosemont, IL (CSNS) US Coin #1104  / 

2429

1802/1 $5 AU55 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:13,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1802/1 $5 AU55 PCGS
<B>1802/1 $5 AU55 PCGS.</B></I> Breen-6440, BD-3, High R.7. The centered 2 over 1 overdate, as found on the majority of 1802/1 examples of the 1802/1. The reverse die, however, is extremely rare. It is promptly identified by a cigar-shaped die flaw atop the fourth star of the second row. Despite this memorable flaw, only two examples are verified, per the 2006 Bass-Dannreuther. One of them, as expected, is included in the Harry W. Bass, Jr. reference collection, which is housed in the ANA Museum and possibly forever off the market. The other previously known example was Marvin Taichert's discovery piece for the variety, which was sold as lot 38 in a 5/2001 Stack's auction.<BR> The present piece is now the third known for the variety. Like the other two coins, it has moderately prooflike fields. It is a later die state than the Bass specimen, since the reverse has hair-thin cracks connecting (STAT)ES OF. Clash marks from the clouds are visible above the date and above the lowest curl. The Bass notebook mentions that his example of BD-3 was clashed, presumably in a similar manner.<BR> The Taichert example was graded AU in its 2001 auction appearance, which makes the present piece the finest available outside of a museum. The strike is superior to the Taichert example, especially on the wings and peripheral legends. Mint luster is extensive, and friction is generally limited to Liberty's forehead, chin, and drapery. A pinscratch between the ear and star 12 is only visible beneath a loupe. The eye appeal is impressive, and the lot represents a major opportunity for the early gold specialist. Encapsulated in a green label holder.<BR><BR><B>Coin Engraver:</B> Robert Scot<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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