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This item WAS NOT SOLD. Auction date was 2002 Feb 19 @ 18:00UTC-08:00 : PST/AKDT
Half Eagles 1802 1802, 2 over 1. Obverse Triple Struck. ANACS graded About Uncirculated Details, Net Extremely Fine 45. <b>Rim filed. Mintage of 53,176, this from the first overdate obverse with 1 centered in 2 (this obverse was paired with seven reverses including one used in 1800 and another of 1803! A popular date because the overdate is so clear, made triply interesting with this multistrike obverse. General economic forces were unfavorable to coinage progress in the years when this coin was current. The silver ratio of 15 to 1 to gold, very close to the world's market ratio when Hamilton selected it in 1792, was out of line before the end of the century. By 1799 the ratio in Hamburg and London was 15-3/4 to 1. At this rate it did not pay to take gold bullion to the mint. Gold was not imported when the balance of trade brought metal to the United States. The coinage of silver exceeded gold coinage each year save one in the period from 1805 to 1834. Gold coinage did not cease, however, small supplies of bullion coming from Mexico, the West Indies, and in later years from Georgia and North Carolina. Market reactions to metal values were not sensitive in that day, and the coinage of gold continued in the face of an adverse ratio. But United States gold was not a general medium of circulation after 1800, and after 1825, when a dollar in gold had reached a value of $1.02 of silver, it ceased to circulate entirely." Thus, many 1802-dated coins were melted or exported.</b> All major gold errors are extremely rare. This is a <I>spectacular<I> major mint error on a two-century old United States gold coin. It is an overdate draped bust half eagle that has been struck by the dies <I>three times on the obverse<I>! Close inspection reveals the shadow images of the extra row of stars, the portrait, the cap, and the word LIBERTY above the portrait. As such, it is <I>unique<I>, the only known United States gold piece that was struck three or more times. There are a few double struck gold coins as well as a few partial collars, etc. As mentioned on the holder, the rim is filed on the obverse, which isn't uncommon for the early dated gold pieces from 1795-1829. It bears repeating: almost all gold errors occur in the Liberty or Indian head series, a century later! A spectacular major mint error that will become the centerpiece of a Mint Error Collection. <p align="center">Superior Galleries was founded in 1929 and has been a leader in
the numismatic auction business since 1971.</p> <p align="center"><b>Consignments wanted for June 2 & 3, 2002 Pre-Long Beach Sale.</b></p> <p align="center"><b>Call Steve Deeds</b> at (800) 421-0754 ext 230.</p>
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United States
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2/11-2/15 from 9am-5:30pm by appointment only; 2/16-2/17 from 9am-5:30pm no appointment necessary
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