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

2723

1834 $5 Plain 4 MS65 PCGS. No Motto, Second Head, Smal

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1834 $5 Plain 4 MS65 PCGS. No Motto, Second Head, Smal
<B>1834<$5> Plain 4 MS65 PCGS.</B></I> Second Head, Small Plain 4, Breen-6502, McCloskey 2-A, R.2. This No Motto subtype has the 4 in the date plainly triple-punched, with each successive punch showing slight counterclockwise rotation from the previous punch. There are large knobs on the 3, and the bust truncation is nearly straight, with a narrow end. The hair curl beneath star 8 is more elaborate than on the First Head, Large Plain 4 (Breen-6501) varieties. The 8 in the date is the so-called Block 8, with the juncture of the loops the same width as the loops themselves. The B in LIBERTY is incomplete at the bottom right. Numerous die polishing lines are visible in the letters of LIBERTY, most prominently several that run at a 45-degree angle southwest to northeast through the E and R. Numerous die polishing lines are also noted near the truncation of the bust, running in the same general direction. The eagle has a tongue, and about half of the 5 in the denomination is under the lowest arrow feather. Repunching shows at the bottom of the D in UNITED, and the last A in AMERICA joins the lowest arrowhead. A small die crack joins the right (facing) wingtip to the rim, and the reverse is slightly rotated, perhaps 15 degrees clockwise with respect to the obverse.<BR> The Reich-Kneass Classic Head coinages resulted from the mandate of the Mint Act of June 28, 1834, which reduced the weight of all gold coins. Half eagles, half dollars, and large cents were the workhorse vehicles for circulating coinage in the early days of the Mint. Most Classic Head gold coins went promptly into circulation; Mint State examples are rare today. Of course, Gem survivors such as the present example are supreme rarities. This compelling coin boasts pristine orange-gold surfaces on each side, with a bold strike, save for a bit of softness in the centers. PCGS has graded two pieces in MS65 condition,and a single piece finer (9/06). One for a "top drawer cabinet" of gold type.<BR><I>From The Hamburg-Sonoma Collection.</B></I>
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