LOT Heritage Rare Coin Galleries  /  2006 October Dallas Signature Coin Auction #428  / 

2711

1811 $5 Tall 5 MS64 PCGS. B. 1-A, Breen-6463, BD-1, Hi

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1811 $5 Tall 5 MS64 PCGS. B. 1-A, Breen-6463, BD-1, Hi
<B>1811<$5> Tall 5 MS64 PCGS.</B></I> B. 1-A, Breen-6463, BD-1, High R.3. This boldly struck and nicely lustrous example is void of adjustment marks, and the appearance is pleasing to the naked eye. Rich honey-gold toning adds to its charm. Close examination beneath a loupe detects a few thin marks, above the eye and on the reverse at 6 and 12 o'clock. The Tall 5 variety is one of two die pairings known for the date. It is considered slightly scarcer than the Small 5, although both are highly desirable in better Mint State grades. Apparently an early die state without clash marks, which are sometimes present on examples of BD-1 above the date and near the eagle's beak. However, a faint die crack joins stars 8, 9, and 10, seen only on later die states.<BR> The Tall 5 reverse die is a later use of this die after the 1810 Small Date, Tall 5 variety was produced. Among 1810 half eagles, the Tall 5 reverse should not be confused with the Large 5 reverse that is the most common of the year. Few records remain from the first U.S. Mint and its daily operations. One important aspect is the determination of emission sequence, or the order of use for all known coin dies. Both obverse and reverse dies remained in use until they were no longer serviceable, which means that coins of a given date were often struck in later years, and that reverse dies were frequently used for a period of two or more years, as in this case. Regarding the emission sequence of the 1811 half eagles, John Dannreuther has conjectured that a double "remarriage" exists for these pieces, and that the order of striking was Tall 5 (early state), Small 5 (early state), Tall 5 (late state), and Small 5 (late state). Verification of his hypothesis would necessitate examination of nearly every known 1811 half eagle, a virtually impossible challenge. Population: 6 in 64, 2 finer (9/06).
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