Goldberg Coins and Collectibles

Sale 48

Pre-Long Beach Coin Auction

The Ohringer Collection PT II - Continental Currency - $5 Gold

Lot	Photo	Description	Realized
Lot 1213		1776 Continental Currency. "CURRENCY". Pewter. PCGS graded MS-63. A well struck beauty! On an excellent planchet and loaded with mint luster. A very choice Brilliant Uncirculated specimen, light pewter-grey mellowing here and there. We note one perfectly round toning spot in the vacant field above the sun dial as the only blemish worthy of mention. Such a splendid example of the issue deserves more than passing mention since the coin is boldly lustrous. Attractive silver gray surfaces display pewter gray accents. Generous amounts of luster are contained on both sides, especially within the recessed areas of the design such as the shading lines on the inner rim of the links on the reverse. Sharply struck in all areas with clear facial details on the radiant sun on the obverse. All of the reverse lettering and design are equally sharp, similarly crisp. Problem free and evidently lovingly cared for in the more than two centuries since its striking. In the date, the 1 is marginally smaller than the C in CONTINENTAL immediately to the left of the numeral. It, along with the other three digits, is italicized while the remaining legend is in normal letters. The date numerals become larger through to the 6 which is the largest of all the numerals; "largest" being merely a concept as the italicized 6 is barely taller than the Y at the end of CURRENCY that comes immediately after the date. The design on both sides is based on sketches by Benjamin Franklin, and first used on the paper Continental Currency notes of February 17, 1776 and on the Fugio Cents of 1787. A Stack's researcher, in describing the design a few years ago, put it nicely: "A radiant sun face illuminates a sundial at center, with the legend FUGIO (translated as 'I Fly,' referring to the flight of time) between two solid circles, and the legend MIND YOUR BUSINESS below sundial, goading the viewer to not waste time in one's daily affairs. The legend CONTINENTAL CURRENCY 1776 is at outer obverse circumference. The reverse is composed of motifs and legends that also radiate from the center. At dead center is the legend WE ARE ONE, surrounded by a circle, followed by AMERICAN CONGRESS surrounded by a radiate circle. Around the entire circumference are linked rings inscribed with the 13 colonies' names in full or in abbreviation." Pop 7, 4 in 64. Always in demand as the First Dollar of the United States (PCGS # 794) . Historical note: The Continental Currency unit is the first large, dollar-size coin proposed for the United States. A private issue, whose types derive ultimately from designs popularized by Benjamin Franklin, its place of minting and ultimate coinage purpose remain obscure. Silver specimens, which are very rare, appear to have been struck to a close approximation of the value of a dollar on the New York standard ($1 = 8 shillings). Specimens struck in metal de cloche may have served some currency purpose, perhaps passing as pence (again, on the New York standard, at 12 pence to the shilling). The tin specimens, which are the most commonly encountered today, can have only a conjectural purpose. Possibly, they were intended as tokens. One suggestion holds that with the shortage of copper early in the Revolutionary War, the metal necessary for the casting of cannons, the issue originally intended in metal de cloche was replaced by an issue in tin. At present, none of these questions is absolutely answered. A metrological study of the Continental Currency tends to suggest New York as the place of minting. Estimated Value $70,000 - 80,000. View details and enlarged photos Check results on similar lots	Realized $86,250
Lot 1214		1796 Draped Bust Half Dollar. 15 stars. . O-101. PCGS graded EF-40. Well struck on a smooth problem-free planchet. The surfaces are a uniform lilac-grey with lighter highlights around the protected areas. We note a minor die crack from the drapery of the bust thru the denticles as typically found. A beautifully balanced example of this elusive type coin. The single most desirable American type coin, offered in choice, impairment-free Extremely Fine grade. Better still, with excellent eye appeal. Delightful original surfaces that retain a trace of their natural look and color. The coin is well centered and carefully made, only affected by a very few light adjustment marks through one cloud on the reverse. The stars are mostly flat although some show residual evidence of their earlier radial lines. As noted there is a die break that extends from the rim below the bust, through the drapery and connecting a couple of the stars on the right. In sum, the eye appeal is extraordinary. Collectors reading their Red Book for the first time discover that the Small Eagle reverse, Draped Bust half dollar was minted only in 1796 and 1797. In those two years a minuscule mintage reached circulation: only 3,918 pieces were struck of the entire type. We would estimate that there are fewer than 200 specimens of the entire type available for collecting. We would further make the prediction that only 80 examples of the 1796 exist in all grades, with about half being the 15 Stars variety. Any type collector can strive to own a Small Eagle specimen, but for those who make the decision to own a specimen this choice, we would say that everyone will ever look upon this attractive EF40 coin with approval once acquired. Pop 3 with 12 finer; 2 in 45, 1 in 53, 4 in 55, 2 in 58, 2 in 63, 1 in 64. (PCGS # 6057) . Historic note: The portrait of Liberty is after a drawing by Gilbert Stuart, modeled by Mrs. William Bingham (nee Ann Willing), Philadelphia socialite reputed to be one of the most beautiful women of her day, according to the author of the Breen encyclopedia: "John Eckstein is credited with the eagle; the palm branches were originally a compliment to Mint Director DeSaussure's South Carolina homeland, but by the time these half dollars were made, the device was an anachronism, as DeSaussure had long since resigned." Estimated Value $80,000 - 90,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1215		1794 Flowing Hair Dollar. PCGS graded VF-35. Well struck on a virtually problem-free planchet with lots of detail for the given grade. No serious rim bruises, gouges or other imperfections usually associated with this coin. We note one tiny antique scratch on the forehead, mentioned mainly for identification purposes. All a uniform slate-grey in color. For a 1794 dollar, this one is remarkably well struck, with all the stars visible, and all of the reverse lettering present. The usual weakness due to the strike and to adjustment marks seems to be absent here, or nearly so. Liberty's hair retains good separation on all but the uppermost wave over her ear, which shows the expected wear. We note areas of slightly deeper gray tones around the rims. It is believed the 1794 dollars were coined on October 15, 1794 from silver bullion deposited by David Rittenhouse, and all silver dollars coined on this date were delivered to David Rittenhouse (Breen and Collins, in their draft of the 1794 silver dollar manuscript). Thus, all 1794 silver dollars can trace their pedigree to David Rittenhouse, who passed them out to friends, many of whom kept them, others were spent and circulated. The silver bullion deposited by Rittenhouse varied greatly, and there were often gas bubbles in the silver ingots, which later caused laminations and planchet cracks, which plague a good percentage of the 1794 dollar population (fortunately absent here). The 1794 silver dollar is an American classic, it is the first year of issue of our monetary Unit, was struck in extremely limited numbers, with the total known population between 130 and 140 coins in all grades. Pop 8; 25 finer. (PCGS # 6851) . Historic Note: The mintages were small throughout 1794-1803 because little demand existed domestically for silver dollars due to a mismatch in the silver-to-gold minting ratio vis a vis actual market conditions. This caused silver to be exported. 1794 Dollars were the first United States Mint struck coins to order, for the most part. Bankers and others deposited silver and gold with the Mint, which the Mint's workers turned into coinage and then delivered to the owners of the precious metals. Those depositing silver with the Mint in the first years of its existence had a preference for half dollars as more convenient than the silver dollars, ordering more of the smaller denomination than the larger. As best as we can understand, the silver dollar was too large for small transactions but too small for convenient transportation or storage of large sums. Many 1794-1803 silver dollars were melted. Striking silver dollars that were only going to be melted (or exported) was wasteful of the Mint's production capacity. Production of this denomination ceased after 1803, possibly under orders from President Thomas Jefferson. The halt in production for the silver dollar proved more than temporary. It wouldn't be struck for circulation again until 1840, at the second Philadelphia Mint. Estimated Value $140,000 - 160,000. View details and enlarged photos Check results on similar lots	Realized $192,625
Lot 1216		1795 Flowing Hair Dollar. Rarity 3. NGC graded MS-64. A brilliant untoned frosty white mint example. Some softeness in the centers as made on a problem free planchet. Flowing hair in six prominent curls with the lowest curl pierced and separated by the innermost point of star 1, and the curl is continued upwards to almost close its loop. Wide date, the 95 closer together than the other figures. This obverse occurs on BB-19 and BB-20. The reverse has two leaves under each wing. A leaf ends directly below center of first S in STATES and another leaf ends just under left corner of upright of E in STATES. The wreath is delicate, leaves small, berries large. 19 berries arranged nine left, 10 right. The flowing hair design was used on silver coinage in 1794 and 1795. The design is found on half dimes, half dollars, and silver dollars and displays a youthful Liberty facing right with free-flowing hair. (The subsequent Type would have a hair ribbon at the back.) Since the Coinage Act of 1792 which established the standards for America's coinage has as its centerpiece the silver dollar, the edge lettering on these reads HUNDRED CENTS ONE DOLLAR OR UNIT. The value exists nowhere else on the coin. Between spring and late summer that year, 17 die marriages of 1795 flowing hair dollars were prepared and used to strike silver dollars. Employed were two bust punches, two separate wreath punches, and two different eagle punches. The mint struck a fairly large number of dollars in 1795: 160,295 to be exact, of which several thousand (according to the Bowers reference book on bust dollars) are believe to survive. The present specimen is remarkable for its fresh color and frosty surfaces on both sides. It sits squarely atop the assigned grade classification and has lovely silvery brightness. Any marks are held to a minimum. Better still, there appear to be no adjustment lines on either side, a noteworthy observation which qualifies for special mention. The satiny surfaces are aglow with silvery color, devices sharper than on some, but lacking completeness on the eagle's wings and chest feathers, which, as often occurs, is softly brought up. High grade flowing hair silver dollars are the dominant theme among serious, advanced early dollar collectors, with comparatively few Mint States sold in any calendar year. Bowers (1993) estimated only four to six pieces remain in MS64 or better grades. Look for this beautiful MS64 coin to realize a strong price after much spirited bidding. Pop 1, finest graded 2 leaves at NGC. The NGC population also breakes down the various varities and reports two BB-20 examples in 65. Estimated Value $230,000 - 250,000. View details and enlarged photos	Unsold
Lot 1217		1795 Flowing Hair Dollar. Rarity 1. NGC graded MS-64. In NGC holder 1712915-001. Well struck and problem free. The lovely smooth planchet shimmers with luster and vibrant sunset colors favoring hues of soft violet and deep blue. This very pretty and well-preserved specimen of a common variety lies near the apex of the Condition Census for the variety. It is an ideal flowing Hair dollar for a Type collector. Deep with the above-mentioned attractive toning, the original luster spreads widely over both sides, the obverse dominated by absolutely exquisite surface quality while the reverse is just about as pristine. The reverse has an identifiable small surface depression (as though a flake of metal escaped during the minting process) that left a shallow void above the eagle's head. The cartwheel luster is very impressive. An exceptional strike is noted throughout, with the often weak breast feathers showing many individual outlines. The most recognizable aspect of BB-27 is a raised line some call a "die bar" common to all BB-27s and visible at the back of Liberty's hair at the top curl. A Type buyer with sophistication and discernment, someone like our consignor, would be fortunate in the extreme to have this specimen in his Type set. Variety Notes: BB-27 represents one of several varieties with the three-leaves reverse and the Head of '95 obverse. In this case, the portrait of Liberty is in a high-relief rendering on the finished coins. On the obverse, Liberty's lowest curl is open and distant from star one. The reverse displays 13 berries on the wreath, seven on the left branch and six on the right, with three berries beneath the eagle's wing on the left and two berries beneath the wing on the right. Pop 11; 2 in 65 for the 3 leaf variety. The detailed population report listed by die varities shows one BB-27 in 66 as finest for the variety. Estimated Value $220,000 - 230,000. View details and enlarged photos	Unsold
Lot 1218		1895 Morgan Dollar. NGC graded Proof 67. A magnificent deeply toned superb Gem Proof example. The multi-color toning features vivid hues of magenta, violet and electric blue on both sides and gives it an immensely beautiful appearance. Only 880 coins minted for the year. It is doubtful collectors will ever know whether the Philadelphia Mint struck business strike silver dollars in 1895. If they ever existed, they seem to have vanished off the face of the earth. Morgan Dollar specialists turn to the 880 pieces of the Proof coinage in order to acquire one of this date and mint. The present example clearly rates the term "spectacular" and is among the finest specimens we have offered. Its superb color gives it the edge over less vibrant specimens. Further, it displays full glassy fields and bold device impressions on both sides. The coin is equally free of value-reducing blemishes such as spots or hairlines. Some modest contrast is visible on both sides under the color, but because it isn't heavy, apparently does not warrant the Cameo designation from NGC. Because it is so spectacular, because it is so colorful, we anticipate full bidder participation when this carefully preserved and appealing Proof is auctioned. Pop 12; 3 in 68. (PCGS # 7330) . Estimated Value $70,000 - 80,000. View details and enlarged photos Check results on similar lots	Realized $90,850
Lot 1219		1895 Morgan Dollar. NGC graded Proof 66 Cameo. A fabulous milky white brilliant Gem Cameo Proof example. Another delightful specimen combining cameo-like iridescence on the devices (not noted in the NGC grade) with gleaming mirrors outlining the central sharp relief. Of all Morgan silver dollar rarities, the 1895 Philadelphia Mint has by far the lowest mintage. A mere 880 piece were struck in Proof. For decades a business strike figure of 12,000 had appeared in print, but Henry T. Hettger and Q. David Bowers effectively put to rest that, based upon Hettger's research in the National Archives. It seems as many as 600 to 700 Proofs survive from the original total. Most are in lower grades, however, having been dipped to make them "brilliant" and subsequently hairlined. The present example is notably pristine, breathtaking almost in its beauty. For our money a coin certified as Proof 66 with the eye appeal offered here is a "must have" proposition for any serious numismatist. It is your money that supports your bid, so take a good look and then decide for yourself. Pop 13; 11 in 67 Cameo, 7 in 68 Cameo. (PCGS # 7330) . Estimated Value $60,000 - 70,000. View details and enlarged photos Check results on similar lots	Realized $80,500
Lot 1220		1855-D $1 Gold Indian. NGC graded MS-64. In NGC holder 1891934-005. Well struck with a bold date and mint mark. Light clash marks on both sides as made and a touch of softness on the uppermost forehead curls. The luster is intense with traces of reflectiveness here and there. The rarest by far of all type two gold dollars. Perhaps surprisingly for an issue with such a limited original mintage, the 1855-D was struck using two die marriages. The present Winter 7-I example (second 5 in date centered beneath A in DOLLAR) is one of the finest-known examples of both varieties, and it is an absolutely stunning representative. The '55-D typically displays varying degrees of striking irregularity in the center of the reverse that affects several of the letters in DOLLAR and the digits in the date. On this piece, however, one will see a sharply executed reverse strike that qualifies this piece as a Full Date example as defined by Doug Winter. In the 2003 book Gold Coins of the Dahlonega Mint: 1838-1861, the author states, "Among specialists, full date 1855-D gold dollars trade for a strong premium; in some cases as much as thirty to fifty percent above the price level for a coin with a typical weak date." The obverse impression is overall bold, and both sides possess pleasing color that blends orange-gold and green-gold shades. With satiny surface texture and a noteworthy lack of grade-limiting abrasions, this beautiful near-Gem comes highly recommended for both the Southern gold specialist and the advanced numismatic investor. As the only Type 2 gold dollar from the Dahlonega Mint, the 1855-D is an understandably popular coin among collectors. It is also a very rare issue, the original mintage being a mere 1,811 pieces and the total number of survivors probably numbering no more than 70-80 distinct examples. Conditionally rare starting at the Choice EF grade level, Condition Census begins in AU55. The 1855-D is the overall rarest Dahlonega Mint gold dollar after only the 1861-D, and it is prime condition rarity in the D-mint portion of this series. Supposedly because it was smaller and thicker than should have been, Mint Director Colonel James Ross Snowden ordered the gold dollar redesigned in 1854 to accomodate an increase in diameter to 15 millimeters. Although Chief Engraver Longacre dutifully carried out this request, his work caused striking problems on this occasion. His Type 2 designs were difficult to strike and wore down rapidly in circulation. These deficiencies affected all issues of this type, and they resulted in its replacement by the Type 3 pieces in 1856 (1857 for the San Francisco Mint). Due to its brevity, there are only six issues in the Type 2 gold dollar series: 1854, 1855, 1855-C, 1855-D, 1855-O, and 1856-S. The '55-D is by far the rarest, followed by the '55-C, '56-S and '55-O. Even the "common" 1854 and 1855 are relatively scarce coins in an absolute sense that are quite rare in Mint State from a market availability standpoint. The true origins of the gold dollar as a denomination lie in John Marshall's discovery of gold at Sutter's Mill in 1848. Although a coin of this face value had been proposed on several occasions in the past, and the Bechtlers actually struck examples in North Carolina beginning in the 1830s, Congress did not authorize the United States Mint to produce gold dollars until March 3, 1849. The primary reason Congress finally relented in that year was because the immense quantities of gold being mined in California forced silver coins out of circulation. Since few people in the United States of the late 1840s/early 1850s placed much trust in paper currency, the gold dollar was seen a logical replacement for the now-absent silver coinage in commercial channels. This denomination remained in production from 1849-1889, during which time it appeared in three distinct types. The abolition of the gold dollar was included as part of the Mint Act of September 25, 1890, and it probably resulted from the (by then) long-established unpopularity of the denomination as a circulating medium of exchange. Many issues in this series are scarce, if not rare, chief among which are the 1849-C Open Wreath, 1855-D, 1856-D and 1861-D. Pop 3; none finer. Tied for finest graded at either service. (PCGS # 7534) . Estimated Value $120,000 - 130,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1221		1796 $2.50 Capped Bust. No stars. PCGS graded AU-58 PQ. The more "plentiful" of the two die varities for the type, if such a word is appropriate for this prestigious numismatic gold coin. Well struck on a mostly problem-free planchet. We note a few very minor hairline adjustment marks in the unprotected right obverse field and these are well concealed by the lovely rich natural golden toning. The reverse is brilliant and semi prooflike. A Premium Quality coin for the given grade. It is believed -- based upon estimates by Walter Breen -- that only 963 examples were struck of the first quarter eagle. Interestingly, these were of a one-off design, a motif that would be discontinued after these 963 coins left the press. Within this small population there are two die varieties -- two different reverse dies differing from each other only by minute details. Believed to have been designed by Robert Scot, the 1796 quarter eagle features the capped head ("bust") of Liberty facing right. The field is plain, framed only by a low raised rim, with the date 1796 below the bust. The reverse is of the Large or Heraldic Eagle design similar to the one used on all gold and silver denominations of the period. It was adapted from the Great Seal of the United States. The main motif depicts an eagle with a shield on its breast, holding an olive branch and arrows in its claws, and in its beak a ribbon inscribed E PLURIBUS UNUM. An array of stars lies above, with clouds forming an arc from one wing to the other. The inscription UNITED STATES OF AMERICA surrounds. There is no mark indicating the denomination. Of the 963 pieces believed to have been minted, it has been estimated by David Akers, a student of the subject, that perhaps as many as 30 to 40 survive today, although other estimates put the number lower, into the range of 15 to 20 pieces. Others have suggested the 100 mark. Irrespective of which estimate one chooses, the 1796 quarter eagle is famous as an elusive and sought-after early Capped Bust American gold coin. Pop 13; 3 in 61, 3 in 62, 1 in 65. (PCGS # 7645) . Estimated Value $175,000 - 200,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1222		1796 $2.50 Capped Bust. Stars. PCGS graded AU-55. Well struck with light friction on only the highest points. The planchet is remarkably clean save for a few faint hairline adjustment marks hidden in the shield; all delicately toned. Only 432 minted of which only about 40-50 are known in all grades. A worldly dose of original sparkling luster enlivens the devices and shines forth from the protected areas on this With Stars Capped Bust quarter eagle rarity struck the first year of issue. The fields are extremely choice for so modest a grade as AU55, while the strike is bold enough to warrant your attention and (perhaps) several nods of admiration. Careful scrutiny with a magnifying glass reveals the following minor points: a few tiny adjustment lines within the shield; a thin, almost invisible lint mark to the right of (O)F; and a pencil thin indentation line in the left field above the arrow points. Nothing severe, nothing extraordinary, everything above-board and splendid for a coin struck more than 200 years ago! This entire Type's mintage is less than most of the individual half eagle dates from 1798 through 1834. And of major note to collectors is the low mintage (with subsequent rarity) of the 1796 With Stars BD-3 variety for 1796. The number 432 is a guess, but the relative rarity between this variety and the No Stars type certainly leads one to believe that it is fairly accurate. Tennessee became a state on June 1, 1796, so the first Stars coins had 16 of them, arranged 8 + 8 with the previous-style reverse (which also had 16 stars) used for the No Stars type. This date is also a major type variety of the Stars type, as it is the only obverse found with 16 stars. This fact has generally been overlooked in numismatic circles, since the rarity of the date makes it a difficult one for most collectors. Clearly much nicer than average, it deserves a strong bid from an appreciative collecting community. Pop 5; 4 in 58, 1 in 61, 1 in 62, 1 in 63 (PCGS # 7647) . Estimated Value $130,000 - 150,000. View details and enlarged photos Check results on similar lots	Realized $129,375
Lot 1223		1802/1 $2.50 Capped Bust. PCGS graded MS-63. A very choice Mint State example loaded with frosty mint luster. Struck on a problem-free planchet with a touch of softness in the centers as made. Light golden-orange hues deepening about the devices. The Capped Bust Right series of quarter eagles consists of all dates but perhaps one being rarities. Especially is this true when we are discussing Mint State grades. The series features one rarity after another, the result of extremely low mintage and subsequent melting due an intrinsic mismatch in the gold to silver ratio at the time that valued gold more highly. Only the final year 1807 with a mintage that of 6,812 coins readily found. Of the scant 3,035 pieces struck dated 1802, it is supposed fewer survive than there are potential collectors, hence the continued upward pressure on prices. Many were circulated; others used in jewelry and today are in an odious impaired state of preservation. The frosty surfaces on this choice MS63 display freedom from handling marks in the fields and on the devices, furthermore there are no faint scuff marks marring the luster. Striking details are fairly well executed, in line with most where the very centers of each side show characteristic softness. Taken by altogether, the glittering luster and fresh surfaces place this squarely within its choice grade class. Certainly one of the most attractive 1802 quarter eagle examples of this early Capped Bust gold issue. Only 3035 minted with an estimate of 60-75 known in all grades. Pop 7; none finer at PCGS (PCGS # 7650) . Die note: BD3 reverse paired with 1802 JR-1 and 1803 JR-1 dimes. Current opinion believes the 1802 quarter eagle should no longer be considered an overdate. See Dannreuther pp.68-73 for further discussion. Estimated Value $50,000 - 55,000. View details and enlarged photos Check results on similar lots	Realized $63,250
Lot 1224		1806/5 $2.50 Capped Bust. NGC graded MS-61. In NGC holder 1846700-001. Mostly well struck on a clean problem free planchet. The surfaces are remarkably clean for this numerical grade. A touch of tone rests within the protected devices. Only 480 minted with less than 3 dozen known in all grades. Offered here is one of the truly remarkable examples of a rare date quarter eagle in U.S. numismatics! Only the 1804 13 Star Reverse outclasses the 1806/5 in rarity, and David Akers called this the third rarest date in the entire quarter eagle series. The coin's rarity is explained by its low mintage. The present specimen displays frosty greenish-yellow gold surfaces with sparkling luster over nearly half of the obverse and the entire reverse. A huge plus for this rarity is the absence of any adjustment marks on either obverse or reverse and we note a single, hairline scratch vertically across the obverse device as the only real impairment. The obverse strike is above average with original frost still embedded in the recessed areas. The reverse displays the expected central strike weakness in the horizontal bars of the shield. Faint coppery hues are seen hugging the obverse and reverse periphery, strongest on the reverse. A monumental opportunity to acquire one of the rarest quarter eagles ever produced! The overdate on this specimen is bold and can be seen in correct lighting without magnification. While the exact die marriage presented here is unquestionably one of the rarest in U.S. numismatics, the reverse die was used independently to strike several other issues during this time. For instance, this reverse die was used to strike quarter eagles of 1805 (Breen-1), 1806 (Breen-2), 1806 (Breen-2, this coin), 1807 (Breen-1) and the 1807 (JR-1) dimes. A "marathon" die to say the least and one which lasted over ten times longer than the average life expectancy of a die during this time. There are several diagnostics that can be found on this obverse die. First, a fine die crack exists from the top of star 7 through the tops of LIB. Additionally, the two denticles near star 8 and 9 extend outward like "fangs" and the points of stars 8 and 9 at the 5:00 position are shortened. A monumental opportunity to acquire one of the rarest quarter eagles ever produced! Pop 2; 3 in 62, 1 in 63. PCGS has only graded 1 coin in Mint State (PCGS # 7655) . Estimated Value $75,000 - 85,000. View details and enlarged photos Check results on similar lots	Realized $86,250
Lot 1225		1807 $2.50 Capped Bust. PCGS graded MS-65. A well struck gem on a problem-free planchet. This fantastic little treasure glitteres with intense undistrubted frosty mint luster. Sunset golden and pale olive hues further adds to its beauty. One of the most incredible offerings of an early Capped Bust quarter eagle ever seen: the Finest Known specimen, highest one graded of the entire date at either service! Precious few were coined nearly 200 years ago, and very few remain in any condition today, let alone Gem Uncirculated. To locate even a choice one is something of an undertaking. It would be doing yourself a kindness to view this lot in person. This one can be identified by a tiny mark at the middle star just above the eagle's head plus another tiny (diagonal) mark resting on the scroll below the M of UNUM. Nicely struck on the stars and Liberty, with choice if not quite bold curls, similar on the reverse which shows the major elements strong except for some of the central relief, which is weak. No annoying hairlines from handling, no digs or further marks, free from spotting. Great luster and a rarity in any Uncirculated grade. Only 6812 minted. Here is the *Finest Known* specimen! Pop 1; finest graded at either service (PCGS # 7656) . Die notes: All Capped Bust quarter eagles use the same head of 1796 with 13 stars arranged 7 + 6. Liberty with flowing hair and a turban-like cap, draped bust, large frontal curl, letters from Letter Set 1. The reverse of 1798 has 13 stars, 5 berries with a short-neck eagle, 6 vertical shield stripes with 3 lines each, 9 complete horizontal stripes with another partially complete, 1 talon on the top of the bundle of 13 arrows arranged irregularly. The reverse of 1807 is from the die used in 1805 where the stars are large (those prior are either small or medium size). Dannreuther notes that "With three early gold denominations, it seems that an intentional change to larger reverse stars was implemented in the early 1800s, starting with the eagles in 1803, the quarter eagles in 1805, and the half eagles in 1807." This date and single BD-1 die variety completes the draped bust, stars Type of quarter eagle. Although demand from the era that they were produced was limited, there were enough coins struck and interesting varieties to make this a very collectible, although difficult series. Estimated Value $225,000 - 250,000. View details and enlarged photos Check results on similar lots	Realized $276,000
Lot 1226		1808 $2.50 Capped Bust. NGC graded AU-55. Well struck on a far better than average planchet with the only defect a minor imperfection at stars 8 thru 10. Untoned with plenty of mint luster to justify this lofty grade. Only 2710 struck and always in great demand as a one year type. The reason for the short duration of the rare and coveted "Capped Draped Bust" quarter eagle is this: Shortly after the Philadelphia Mint began striking the coin, it ceased quarter eagle production entirely due to lack of demand from bullion depositors. When production of quarter eagles resumed 12 years later in 1821, new designs had been introduced for half eagles of 1813 through 1820, which designs the quarter eagle copied. (Sharing designs among different denominations of the same metallic content had a long tradition at the United States Mint.) The engraver responsible for the 1808 Capped Draped Bust Left design (as it is called) was John Reich, a German who sold himself into indentured service in order to travel to the United States. Reich became an assistant engraver at the Mint in 1807 and assisted the aging Robert Scot with design and die preparation. It was Reich who was mainly responsible for the designs used on the 1808 quarter eagle (first for the half eagle, on which they were introduced in 1807). On the obverse, Liberty faces left, wearing a soft cap similar to the fashionable headgear worn by women of the day. It is inscribed LIBERTY on the headband. Her bust is lightly draped (the cap and drapery give the coin one of its names). The reverse first used on the half eagle in 1807 as well, and on the quarter eagle in 1808, has an eagle with its wings outstretched, head over its shoulder. It grasps an olive branch (representing peace) in the right claw and three arrows in the left (for war). The eagle's head direction towards the olive branch implies a preference for peace in heraldry. A shield overlays the eagle's breast. The denomination appears below. This is the first instance of a denomination on a U.S. gold coin. Reich made this single obverse and reverse die pair for the quarter eagle. Once he finished the dies production occurred early in the year; the 2,710 coins were all delivered February 26, 1808. No more were produced. Pop 5; 30 finer (PCGS # 7660) . Estimated Value $100,000 - 110,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1227		1821 $2.50 Capped Head. PCGS graded MS-64. A slightly shallow strike with the stars not fully defined, however, the blazing prooflike surfaces are absolutely astounding! Lovely original bright golden surfaces that deepen at the borders. After 13 years of when no quarter eagles were made, a few depositors evidently began to request this denomination be produced out of their bullion. The mint's aging engraver, Robert Scot, then 77 years old, reworked the 1813 half eagle design for the smaller $2.50 format. The fields of this piece are bright prooflike, as typically seen (but never offered in this state of Mint quality); true to form, the striking details are soft on each side, this no doubt accounting for the MS64 grade for an otherwise near pristine coin. There are virtually no objectionable abrasions present on either side. Reference points might include a fine hairline below UNUM and a small area of surface roughness above the right corner of the shield. Probably fewer than a couple of dozen pieces are collectible in all grades. This is the second finest example certified, and is bettered only by a single MS 66 graded by NGC. Only 6448 minted. Pop 1; 1 finer in MS-66 (PCGS # 7662) . Estimated Value $80,000 - 90,000. View details and enlarged photos Check results on similar lots	Realized $149,500
Lot 1228		1831 $2.50 Capped Head. NGC graded Proof 64 Cameo. In NGC holder 551936-002. A needle sharp strike and full mirror Proof surface including the spaces between the stripes in the shield easily distinguish this as a true Proof. The lovely frosty devices and delicate golden highlights further adds to its cameo beauty. Most recently offered in an ANR sale (3/2005) and described thusly: "The 1831 quarter eagle is a legendary rarity in any grade, and the offering of one is always a special occasion. In the present instance we have a piece classified by NGC as Proof-64 Cameo, the only piece at this level and with none finer. This is the famous coin from the Pittman Collection, catalogued by David W. Akers conservatively as "possible Proof-sold as a Proof in the 1948 'Memorable' sale, listed in Breen's Proof Encyclopedia, but further described as 'Very Choice Uncirculated,' but considered by some to be a Proof." Even David Akers, whose opinion we value especially highly, wasn't certain. "Offered as Lot 1717 by David Akers in May 1998, the coin is described as Very Choice Uncirculated, but considered by some to be a Proof. Very sharply struck except for the slightest weakness where the eagle's left wing joins the shield and on the three vertical bars in the first (left) stripe. The stars are all very bold and have all of their radial lines. The fields are fully Prooflike -- this is one of those Prooflike coins that really does look like a Proof, so much so that it was catalogued and sold as a Proof in Numismatic Gallery's "Memorable" sale of 1948 where JJP purchased it. It is also listed in Walter Breen's Proof Encyclopedia as specimen No. 4, but his other pedigree information under that particular listing is incorrect since this coin did not come from the William H. Woodin sale and it did not appear later in the Grant Pierce sale. (It has remained in the Pittman Collection since 1948.) This coins was purchased by JJP on 3/2/48 from Numismatic Gallery's Sale of the "Memorable" Collection, Lot 91, for $65. Earlier, the coin was in Stack's sale of the "J.F. Bell" (Jake Shapiro) Collection in 1944, Lot 97." No matter how you look at it, here, indeed, is one of the most memorable early quarter eagles to be sold in our lifetimes! Pop 1; the only one graded at NGC and PCGS has not graded a proof cameo of this date. (PCGS # 87686) . Estimated Value $100,000 - 115,000. Ex John Jay Pittman, etc. View details and enlarged photos Check results on similar lots	Realized $126,500
Lot 1229		1832 $2.50 Capped Head. . BD-1. NGC graded MS-64. In NGC holder 596102-001Well struck in natural greenish color gold with semi prooflike surfaces on both sides. Only variety of the year. Only 4,400 pieces struck. A nice deep impression with excellent detail throughout. The glittering surfaces are somewhat reflective on both sides. Some scattered light marks, none of which are worthy of mention. This impressive coin is one of the finest in existence. Furthermore, it is an amazing example of an extremely important date, among the rarest of all gold coinage Types. Both obverse and reverse have yellow reflective luster, as mentioned with soft frosty devices exhibiting strong details including full stars. Only a trace of light toning is present. The slightest weakness is noted at left side of the shield, though other than this the strike is full. Magnification reveals a pair of small chattermarks in the field below the left wing. These and the NGC serial number maybe of service when tracking the coin's provenance. Pop 1; none finer at either service. (PCGS # 7672) . Historical note from the Heritage sale description: "This variety was cataloged as Breen-1 in his earlier monographs from the 1960s, the only quarter eagle variety of the date, and it represents the final quarter eagle variety struck at the first United States Mint building in Philadelphia. In early January of the following year, the second Mint building was finally ready for occupation, thus the coinage of 1832, from half cents through half eagles, represent the end of an important era in American numismatics. The 1833 Mint Report, submitted on January 19th of that year by Mint Director Samuel Moore recorded the mintage of 1832 quarter eagles as 4,400 coins, or $11,000 face value. Today, we estimate that about 3% of that original mintage survives, or just over 130 coins." Until 1833, three buildings known collectively as the first Philadelphia Mint dutifully provided America with spendable hard currency to undertake the exploration and growth of a nation. Operations moved to the second Philadelphia mint in 1833 and the land housing the first mint was sold. In the late 19th or early 20th century, the property was acquired by Frank Stewart, who approached the city administrators asking them to preserve or relocate the historic buildings. With no governmental help, "Ye Olde Mint," as it used to be called, was demolished between 1907 and 1911. A small plaque now is the only thing memorializing the historic site. Estimated Value $40,000 - 45,000. View details and enlarged photos Check results on similar lots	Realized $48,875
Lot 1230		1911-D $2.50 Indian. PCGS graded MS-65. Well struck with a nice bold mint mark. The frosty mint surfaces exhibit natural golden honey mint color. Popular Key Date to the series. Only 55,680 struck. Intense but still satiny frost, the coin lightly toned as described through which golden radiance persists undiminished. Often, a soft impact was left by the recoil dies that struck this year and mint's coinage, with a weak "D" mintmark the result; but in a few instances like the present one, the opposite is the case and the coin has a very convincing impression. No recognition is given in the Annual Report of the Secretary of the Treasury for 1912 (covering the 1911 coinage) for why so few 1911-D quarter eagles were made. The fact stands; history is mute. But what usually comes up in discussions among coin collectors is the coin's impressively low mintage and its unconditional rarity. Sometimes missed in the dialogue is its condition rarity (beyond the usual observation that the higher the Mint State rating the more taxing it becomes to locate one). As a Gem, purchase of a 1911-D not only entails a sizeable outlay, but a great deal of waiting and persistence as well. Pop 18; 3 in 66. (PCGS # 7943) . Estimated Value $70,000 - 75,000. View details and enlarged photos Check results on similar lots	Realized $74,750
Lot 1231		1854 $3 Gold. PCGS graded Proof 64 Cameo. A magnificent golden cameo proof example. Rich golden-yellow in appearance with awesome eye-appeal. Lovely olive-gold accents strengthen the already rich golden-yellow appearance that includes some delightful pale orange highlights. Gently frosted motifs and firmly mirrored fields present an enjoyable contrast as well. This great rarity from the first year of the denomination is one of a mere 15 Proofs of the date struck. The present coin is tied for finest of just two examples of the grade certified by PCGS, and perhaps the finest overall of just six or so Proof specimens currently known to exist. Over the years many famous collections of $3 gold coins have been showcased in auction sales, but very few contain the rare Proof 1854. The occasional Proof that is offered (often as a solo offering, not a part of a date set) is apt to be in a lower grade. Include the absolute beauty of this glittering Proof, its superb mirror quality, the prestige of it being the first year of the denomination (and the only year in which the word THREE DOLLARS was in small letters) and you have all of the ingredients for a great deal of bidding activity. *Pop 2, none finer at PCGS. Tied for finest graded* at both services. (PCGS # 88017)** . Die characteristics: Breen-2. Lighter letters than B-1l, final S below base line of E. Similar to the coin that was possibly in the set furnished City of Bremen; July 1854. As noted in the Breen encyclopedia, the $3 gold piece's "so-called 'Indian Princess' head, so far from attempting to depict any Native American, is still another avatar of the Greco-Roman Venus Accroupie profile which had already served Longacre for the gold dollar and double eagle, though with a feathered headdress supposed to emphasize "national character." The 15 Proofs appeared on April 28, 1854, according to Breen's archival researches. Estimated Value $100,000 - 120,000. View details and enlarged photos Check results on similar lots	Realized $149,500
Lot 1232		1854-D $3 Gold. PCGS graded MS-61. Well struck and quite lustrous while exhibiting pale olive and golden-orange highlights. Here is an American classic, the 1854-D three-dollar gold piece. Only 1,120 were coined, and most circulated into low grades. It is likely that only a few hundred survive. This date is virtually impossible to obtain in full Mint State. Furthermore, this is clearly one of the Finest Known specimens of the date, certainly in the top six known. Collectors can bid secure in the knowledge that it is original, and have the further assurance of the PCGS approval of a Mint State 61 grade. The D mintmark is rather large, possibly the same punch was used to on half eagles. The reverse die shows two or more clash marks, with Liberty's head outlined within the reverse wreath. The fields possess frosty luster and the devices are well struck on the obverse and reverse. We note that the upper curl on Liberty's head is a bit weak, as well as the high curl over her ear. This is the rarest regular issue $3 date, and the most valuable. Only the Proof only 1875 is more costly, aside from the unique 1870-S. We expect spirited bidding when this important rarity, the 1854-D in Mint State 61, crosses the block. As Congress had passed into law this curious denomination in 1853, dies were prepared for the new denomination for coining in 1854. It was believed that these coins could be used to purchase sheets of stamps, with standard postage being 3¢, logic followed that a $3 coin would be useful in circulation. Philadelphia coined 138,618 in 1854, while New Orleans coined 24,000. Dahlonega, on the other hand, only produced 1,120, and never coined another $3 after this small issue. Most, of course, circulated widely and are found in a variety of lower grades. The denomination limped along through 1889, and was formally retired in 1890. Pop 2; 1 in MS-62. (PCGS # 7970) . Estimated Value $90,000 - 100,000. View details and enlarged photos Check results on similar lots	Realized $126,500
Lot 1233		1856-S $3 Gold. NGC graded MS-64. In NGC holder 2030743-012. Well struck with fantastic frosty mint surfaces throughout. The "skin" is undistrubed and boasts full mint bloom color. Only 34,500 struck. Remarkable quality as this issue was well circulated and few were saved. A lustrous "Finest Known" example of this early S-mint date, and a coin that has a great deal of eye appeal. A great deal! Furthermore, it is significantly above-average in terms of sharpness. There is only some lightness in the higher waves of the hair on the obverse and the ribbon bow on the reverse, but virtually all other areas are sharp. The luster conforms exactly with the exacting grade: rich, frosty, and so elusive in this condition. The overall eye-appeal we put as "superb," even though we'd like to restrict that term to Superb-quality only coins, the luster really is virtually three-dimensional, while the coin itself is the finest of its kind. Philadelphia Mint $3 pieces are rare after 1854. San Francisco coins the stuff of legend. There is no instance in which a numismatist in 1856 could have saved a freshly minted example, and not even the Mint Cabinet acquired mintmarked issues in those days. The policy was to acquire one coin of each date, period. That could be done by obtaining a Proof. Today, 1856-S $3 gold pieces are rarer than anything in Mint condition. Apparently, three came to the surface with the S.S. Central America treasure discovery, two being the Medium S variety seen here. Pop 1; none finer at either service. (PCGS # 7975) . Die diagnostics: The date is low on the die, at least twice as close to the highest ribbon spot as to the bottom of DOLLARS. The vertical shaft of the 1 is below and slightly to the right of the center of the interior of 0. As on all uses of this logotype, the 6 is bold. The mintmark is the Medium S variety, as usually seen. The letter is slightly differently proportioned than the large S of the 1855-S $3. Its position is beneath the ribbon knot, as always, and is slightly left of center. Late state of the reverse die with some bulging evident at the center, particularly above the denomination; crack or flaw at base of second L (DOLLAR); leaf to left of date partly disconnected. Small curve above S mintmark is probably a clash mark, not a repunching. Estimated Value $40,000 - 45,000. Previously from Heritage's January 1998 sale. View details and enlarged photos Check results on similar lots	Realized $43,700
Lot 1234		1859 $3 Gold. NGC graded Proof 65 Ultra Cameo. In NGC holder 1561372-001. A spectacular brilliant untoned gem proof with deeply frosted devices thus NGC's Ultra Cameo designation. Only 80 proofs minted. This date is the first in the Proof three-dollar series for which A Guide Book of United States Coins lists a mintage figure. The total of 80 pieces struck is reported in federal archives, but it seems unlikely all of these were sold to collectors by year's end. Mint Director Colonel James Ross Snowden's campaign to market Proofs the the public was still taking shape, and we concur with Bowers and Winter (2005) that upwards of two-thirds of the original mintage may have been melted as unsold. Today, as few as 11 to 13 Proof 1859 Threes are believed extant, the present Gem certainly positioned as one of the most attractive. Both sides are deep with cameo-like contrast in finish, while bright, reflective fields support the sharp, satiny devices. Even yellow-gold color is seen throughout. Best of all, we are unable to pinpoint a single blemish that needs describing. With strong technical merits and captivating Ultra Cameo eye appeal, this coin will serve as a centerpiece in any advanced collection of U.S. gold. Pop 1; 3 in 66 UC, 1 in 67 UC (PCGS # 98022) . Die characteristics of the 1859 Proofs: Simlar to 1858 obverse but die polish on throat less noticeable; die polish in feathers above E and T; dentils joined above AMERICA, elsewhere apart. Reverse Traces of repunching on 9. Estimated Value $50,000 - 60,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1235		1860 $3 Gold. NGC graded Proof 66 Cameo. In NGC holder 1716980-007. A Superb Gem Proof example glittering with rich uniform golden sunset color. Only 36 Proofs struck (although the Red Book gives a figure of 119 pieces). Offered here is one of the three finest 1860 Proof three-dollar pieces graded, an exhilarating high-grade find that we are delighted to have the chance to offer. The deep toning spans both sides with its highlights of iridescence. The fields are as close to pristine as any numismatist could ask for, though a few trifling lines account for the grade. Many 1860-dated Proof gold pieces in various denominations show minting artifacts such as lint marks or impurity inclusions which stand as reminders of the uncertain attention paid by mint employees to the condition of these in the first few years. We are pleased to report that this lovely Proof 66 escaped such conditions, and the fields are immaculate. The devices are reasonable sharp, satiny, and lustrous with only minor design softness on the ribbon's bow (a characteristic weak spot, even on some of the best made Proofs). Today, we estimate that as few as 10 to perhaps 12 Proofs remain in all grades. This superb gem stands high on its own merits. The date's high regard is furthered by the rarity of the 1860 in business strike form since very few Gem Mint States exist either. Therefore, when this splendid bold gem Proof 1860 $3 gold piece appears, we want everyone to appreciate what we see in it, for this opportunity may not soon be repeated. Pop 3; none finer (PCGS # 88023) . Estimated Value $65,000 - 75,000. View details and enlarged photos Check results on similar lots	Realized $69,000
Lot 1236		1863 $3 Gold. NGC graded Proof 65 Cameo. A brilliant untoned Gem with excellent cameo contrast. Only 39 Proofs struck. The 1863 and 1864 Proofs are said to be the two most common Proof three-dollar gold issues from the 1861-1865 Civil War years, but try finding one, even a hairlined specimen will take a good deal of trouble to locate. Some say the word "common" should be banned from the lexicon of early Proof gold descriptions since the term really shouldn't apply in connection with any Proof gold delivery. When viewed in the wider scope of U.S. numismatics, the 1863 is irrefutably rare with fewer than three dozen coins certified by PCGS and NGC from an original low mintage. This glittering Gem is yellow-gold in color. Both sides show serene cameo-like devices, fully struck devices, we might add. On communicating this discovery to you, the reader, they seem as if to float upon deeply mirrored sea of molten gold in the fields. Indeed, they seem made for each other. Best of all, the coin is absolutely distraction-free, which is the main benefit of the Gem grade, with a few little speckles of toning in the left obverse field that we mention more for accuracy than for anything else. An aesthetically beautiful coin that deserves a substantial bid. Pop 3; none finer (PCGS # 88026) . Estimated Value $55,000 - 65,000. View details and enlarged photos Check results on similar lots	Realized $57,500
Lot 1237		1866 $3 Gold. PCGS graded MS-66. Here is a blazer! A superb well struck gem exhibiting a mixture of satiny and semi prooflike surfaces. Mintage of only 4000. The 1866 $3 gold coin, of which a minuscule few thousand circulation strikes were made, is another entry in the list of classic rarities from this decade. We estimate no more than 150 to 200 circulated pieces exist, to which can be added 25 to 40 in Mint condition. Among the Mint State survivors this is by far of the finest certified, earning an impressive Mint State 66 designation from PCGS (serial #21726156). Two known in this grade. It would be impossible to imagine even one more like it. Impossible it would be to expect one finer! A coin bearing such credentials as this makes us hold our breath to reflect how remarkable the coin really is. If ever a buyer seeking a "trophy" coin should want to pounce, this is the coin he'd choose. Many will be attracted by its high grade, rarity, and beauty. This offering translates into a remarkable opportunity! Pop 2; none finer at either service. Tied for *finest known* business strike (PCGS # 7987) . The year 1866: The first big cattle drive took place this year as "cow-boys" as they were called drove 260,000 head from Texas to the meat packing plants of Kansas, Missouri, and Iowa. In the next 20 years, between 4 and 8 million cattle were driven north. This practice was hotly opposed by Indians and farmers who lived en route, and many battles took place. (After Philip Armour opened his meat packing plant in Chicago after the Civil War, cattle could be sold to northern markets for as much as $40 per head, making it potentially profitable for cattle, particularly from Texas, to be herded long distances to market.). Estimated Value $50,000 - 55,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1238		1869 $3 Gold. NGC graded Proof 65 Ultra Cameo. In NGC holder 1848569-007. A full blazing untoned Ultra Cameo Gem Proof specimen. Only 25 Proofs struck. This is an amazing representative of this exceedingly rare issue, and it is the only Ultra or Deep Cameo specimen known to the two major grading services. Fully struck, satin-textured devices appear to float atop deep pools of mirrored reflectivity in the fields. The delicate surfaces have obviously been well cared for since the day of issue, and an even endowment of warm yellow-gold color is also a praiseworthy attribute. As with the Proof 1868, the 1869 has an original mintage of a mere 25 coins. Of this already limited total, only 12 or perhaps 14 pieces have survived, including several held in museum collections. For the collector or investor seeking a truly rare coin, the Proof 1869 Three-Dollar gold piece comes highly recommended. Simply put, all Proof Three-Dollar gold pieces are rare coins. Some are exceedingly so, such as the pre-1859 issues which were produced in unknown, although presumably extremely limited quantities. Two, the 1875 and 1876, enjoy heightened demand from date collectors as Proof-only deliveries. Others are the focus of nearly the same degree of buyer attention due to paltry original mintages for their identically dated business strike counterparts. Examples from this final group include the 1881, 1883 and 1885. As for the remaining issues, none can even be remotely described as common. In fact, the most frequently encountered Proof Three in today's market, the 1888, has an extant population of fewer than 150 coins -- definitely a limited total when viewed in the wider context of numismatics. Pop 1; finest graded and the only graded Ultra Cameo at either service. Here is a candidate for finest known. (PCGS # 98032) . Historic note: The origins of this odd denomination stretch all the way back to 1832, when Representative Campbell P. White of New York introduced a bill calling for minting of a three-dollar gold piece with a weight of 75 grains. The bill never reached a vote, however, and it would be several years before the federal government returned to the idea of authorizing a three-dollar gold piece. In 1851, Congress reduced the postal letter rate to three cents while simultaneously authorizing the Mint to strike three-cent pieces in low-fineness silver to expedite purchase of stamps. The Mint Act of February 21, 1853, while best known for reducing the weight of most silver coins and adding arrows at both sides of their dates, also included a clause authorizing production of a three-dollar gold piece. Apparently, Congressional leaders anticipated that this denomination would expedite exchange of three-cent silver rolls and/or purchase of full sheets of three-cent stamps. Business strikes and Proofs were produced every year from 1854 through 1889 with the exception of 1875 and 1876, when only Proofs were struck. Estimated Value $55,000 - 65,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1239		1873 $3 Gold. Open 3. PCGS graded Proof 65 Deep Cameo. A spectacular brilliant, untoned gem example of this coveted rarity. Only 25 minted.Glistening fields rise and fall with original mint bloom. Against this are set serious, frosty design elements. At best, it is not easy to find such booming luster on any Proof $3, let alone an extremely rare 1873 vintage! So too crisp definition on the main devices counts for a lot. Mathematically exact standards are seen in the sharp hair waves and fancy bonnet perched on Liberty's head. As with other dates in this grade class, all leaves in the wreath show their intricate detail. The surrounding field is smooth as ice, molten golden in its glow, with great reflective "depth" for the connoisseur's enjoyment. An impressive cameo Proof of this key date, then. Records show that the first group of Proofs of the Open 3 style were delivered February 18, 1873, with an unknown number struck at a later date from an advanced die state; the total estimated Proof mintage for the date style is 40 to 50 pieces. However, only 12 to 18 or so Proof Open 3 1873 $3 gold coins can be traced today. The present specimen certainly stands in the forefront of those, tied with one other and far above many of the known examples. The Bowers reference on the $3 gold series notes: "This die pair exists in two states, the first with prominent die line from O (OF) to the border and no rust pits on reverse; the second and later state with the obverse slightly repolished to make the die line faint, and with the reverse having evidence of rust near the wreath. It is thought by John Dannreuther that these were struck later, possibly even into the late 1870s." The present coin seems to be of the first variety without rust pits on the reverse, though here, the aforementioned die line extends from the top of the F in OF rather than the O, perhaps indicating an error in the Bowers reference. Breen's Encyclopedia of United States and Colonial Proof Coins 1722-1977, notes: "Faint die scratch extending from left upper serif of F to border". Pop 2, none finer at PCGS (PCGS # 98037) . Humorous sidenote: In 1873, President Andrew Dickson White of Cornell University refused to allow his college's football squad to travel to Cleveland for a game against Michigan. Said President White: "I will not permit 30 men to travel 400 mi. to agitate a bag of wind." Estimated Value $70,000 - 80,000. View details and enlarged photos Check results on similar lots	Realized $212,750
Lot 1240		1876 $3 Gold. PCGS graded Proof 65 Cameo. A magnificent brilliant untoned gem. Only 45 struck for this Proof-only year. An important American rarity. The Proof-only 1876 $3 gold piece is made famous by its low mintage and similarly low survival, with possibly as few as 25 to 30 believed extant. It is in the good company of several other extremely rare Proof dates in the $3 series including the Proofs of 1861, 1874, and 1878, but with the proviso that these other issues are not the desirable Proof-only years. Glowing luster with crisp definition and exceptionally clean surfaces. Strong cameo contrast on both sides. Definitely, a premium example of the grade. In fact, the defining Cameo Proof 65 $3 gold coin! Adding to those results, a further word about strike: this piece has needle-sharp devices, with gorgeous detail on the headband pears, the feathered headdress itself, all hair waves, and throughout the Wreath of Cereals made famous in American numismatics by the artist and mint engraver who created it, James B. Longacre. A thin wispy lint mark (as struck) is seen in the space between the headdress and ES of STATES on the obverse, and can serve as a pedigree marker, as can the PCGS serial number on the holder. Among the most attractive Gem Cameo Proof 1876 three-dollar gold pieces that bidders will ever see presented for sale. Pop 1, finest graded at PCGS! (PCGS # 88040) . Estimated Value $80,000 - 90,000. View details and enlarged photos Check results on similar lots	Realized $92,000
Lot 1241		1884 $3 Gold. PCGS graded Proof 65. In PCGS holder 04592497. Lovely rich golden toning on both sides. Housed in an old green holder. A visually striking Gem Proof of the date, here with unfrosted motifs yet deeply mirrored fields that display much mint sparkle. An attractive Proof $3 from a mintage whose pieces, rather than being struck all at once, were delivered in groups from the Medal Department at the Mint throughout the year, and as called for by public demand. It may be the case that only 70 or 80 Proofs of the 1884 issue are still extant, which makes for a certain availability when today's collectors desire a delightful specimen for a Proof gold collection. We note here with pleasure rich original toning, which certainly speaks volumes about the inherent quality of this beautiful coin. Only 106 Proofs struck. Pop 9; 3 finer, 1 in 66, 2 in 67 (PCGS # 8048) . Estimated Value $30,000 - 33,000. View details and enlarged photos Check results on similar lots	Realized $36,800
Lot 1242		1884 $3 Gold. PCGS graded Proof 64 Deep Cameo. A gorgeous golden-orange brilliant Proof example with deeply frosted devices as recognized by PCGS and noted on the holder. One of a pair of glowing Proof 64 examples of this date consigned to a sale by our consignor. Across most grades, the 1884 is relatively available in Proof format, though collector demand regularly trumps supply. That is not to say a coin of this caliber is common. Not by any means. It is genuinely rare, with only a small number graded by the two chief grading services. This is a particularly splendid specimen, the present coin. Its reflective mirrored fields are delicately tinted with hints of color, the devices nicely frosted; impressed devices are bold. Excellent contrast conveyed by these opposing qualities for a Proof, and pleasing beyond reproach, thereby desirable as such. Only 106 struck. Pop 2; 1 in 65 DCAM, 1 in 66 DCAM, 1 in 67 DCAM (PCGS # 98048) . Estimated Value $20,000 - 22,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1243		1886 $3 Gold. PCGS graded Proof 64 Cameo. An intensely brilliant Proof example with excellent mark-free frosted devices. A gorgeous, very choice exmple. Only 142 proofs struck. So few Proofs made in 1886 -- and it has been estimated that perhaps only a third of that number exist today in all grades! This is a very presentable Proof whose brilliance surpasses the usual "some haziness" examples that flit through the marketplace from time to time like some lost Jonathan Livingston seagull. Over both sides, the mirror glitter glows. All of the features retain crisp striking detail with wonderful heavy cameo frost, while the fields reveal a virtual absence of hairlines. Those that a magnifying glass can find are wispy and are not overly distracting. A rare opportunity for the specialized gold buyer. Pop 4; 5 in 65 Cameo, 1 in 66 Cameo (PCGS # 98048) . Estimated Value $17,000 - 20,000. View details and enlarged photos Check results on similar lots	Realized $18,400
Lot 1244		1889 $3 Gold. PCGS graded MS-66. A well struck gem example exhibiting full rich mint bloom colors. Popular last year of issue and only 2300 minted. A entirely lustrous example whose bright golden brilliance whirls dizzily around the surface. And as if that weren't enough to entice bids out of even the most inflexible buyer, this piece is also about as fully struck as these are normally found, with just terrific detail in the hair and feathers, the leaves in the wreath and all letters in the legends. A sterling example! Pop 10; 2 in 67 (PCGS # 8011) . The $3 denomination was designed by James B. Longacre, who became chief engraver at the Mint in 1844, after the death of Christian Gobrecht. The obverse features the head of an Indian princess, facing left, wearing a feathered headdress upon which is a band inscribed LIBERTY. The inscription UNITED STATES OF AMERICA surrounds. The same motif was later used on the Type III gold dollar 1856-1889. The coinage act of 1890 called for the prohibition of the minting of the three-dollar gold piece, stating, "the piece shall not be struck or issued by the Mint of the United States." The provisions of the act also stipulated that the current circulation of the coins was to be called in and withdrawn and that "all laws and parts of laws in conflict with this act are hereby repealed." Essentially, not only did this act demonetize the three-dollar (along with the gold dollar), but it also repealed and ended the gold dollar as being "the unit of value", or statutory standard of the monetary system of coinage -- hence ending the short lived "gold standard", as declared in the coinage act of 1873. Estimated Value $26,000 - 28,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1245		1879 $4 Gold. Flowing hair. PCGS graded Proof 66 Cameo. An awesome golden Stella! The vibrant mirror surfaces radiate against the richly frosted devices. The eye appeal of this outstanding gem is absoslutely stunning. Rich golden sunset colors turn slightly iridescent to a light source with hints of violet and rose. Only 700 or so struck. One of the most talked about gold rarities in American numismatics is the 1879 Flowing Hair $4 gold Stella, a Pattern coin that because it has been in A Guide Book of United States Coins since the 1940s, has been accepted as a regular series. The present piece stands head and shoulders above most examples that have been sold in recent years. Among the finest certified by PCGS, as the stats below indicate. There are many factors propelling it to the head of the line. This includes the eye appeal, well above average in the present instance, the detail in the main devices, and the natural hues of toning from long years in a protected environment. The piece has a warm yellow-orange intensity as mentioned. It really electrifies the numismatist "gene" in any true collector who owns one. The $4 Flowing Hair Stella is ideal for a U.S. gold Type set, or simply as a single Great Rarity to include in a specialized portfolio of gold rarities. Again, without mincing words, this is one of the most attractive specimens we have been privileged to auction, considering the fairly large number of gold rarities that have passed through our sales. The $4 Stella was promoted by John A. Kasson, United States minister to Austria in 1879. Kasson chaired the Committee of Coinage, Weights, and Measures earlier in his career and was an advocate of a metric coinage that could be used universally throughout Europe and the Americas. Kasson's proposal was forwarded to the U.S. Mint bureau with the $4 Stellas the result. The Philadelphia Mint's two engravers, Charles E. Barber and George T. Morgan, were responsible for designs of the $4 gold piece. Barber made this prototype of Liberty with loosely flowing hair, known quite naturally today as the Flowing Hair type. Morgan's Liberty has her hair in a coil and coiffed, the Coiled Hair type. Patterns in gold (and other metals) were struck in 1879 and again in 1880, but none were ever made for circulation. Ever since the time of issue, these beautiful and fascinating $4 Stellas have created hours of lively discussion in numismatic circles for the better part of a century and a quarter! Pop 9; 2 in 67 cameo. This one could rank as the most beautiful of them all (PCGS # 88057) . Estimated Value $200,000 - 220,000. View details and enlarged photos Check results on similar lots	Realized $230,000
Lot 1246		1879 $4 Gold. Flowing hair. NGC graded Proof 65 Cameo. In NGC holder 2019320-005. Only 425+ proofs struck. This is the historic Pattern issue struck in gold, a resplendent 1879 $4 Flowing Hair "Stella", Judd-1635, Pollock-1832-3, Rarity-6. The history of the four dollar gold piece, or "stella," is ingrained in the late 19th century desire to produce U.S. coinage that would be acceptable on the international market. The dual denomination $5-25 francs pattern coinage of 1868 (Judd-656 through 659) is one of the earliest attempts in this direction. It was followed by Dana Bickford's 1874 pattern eagle (Judd-1373 through 1378) and, finally in these handsome metric 1879-1880 Stellas. The Flowing Hair Liberty designed by Charles E. Barber, assistant engraver at the mint, was struck in two alloys in 1879. Twenty five coins (Pollock-1832) were produced in the metric alloy of 85.71% gold, 4.29% silver, and 10.0% copper. The Mint delivered these to Congress as part of three-piece pattern sets. Increased demand for representations of the new denomination resulted in the production of a further 400 coins (Pollock-1833) in the standard alloy of 90.0% gold and 10.0% copper. This may be to be one of the latter 400 coins in standard 90-10 alloy struck in 1880, as seen from the light die striations in the central portion of the obverse. The fields are nicely reflective and glossy with attractive mint frostiness on the devices. This frosted relief gives the coin its noticeable, and quite beautiful cameo contrast. The usual tiny luster grazes that accompany many Proofs of this type are nearly absent here, nor are there any errant specks of grease or orange copper "spots" -- thereby creating an impression of first-class preservation and eye-appeal! The coin is sure to be a hit with advanced bidders to the sale. Pop 14; 27 finer, 19 in 66, 6 in 67, 2 in 67 star (PCGS # 8057) . Footnote: The historic $4 gold piece, or "Stella" as it came to be known, was proposed to solve a couple of vexing problems faced by the United States system of coinage in the 1870s. The first was to make a coin whose "intrinsic measure and value" as part of the design was sufficient to make it useful as an international trade coin. The other, as a bone tossed to the silver "Interests" as they were termed, was to strike these in an alloy that used either 4% silver or 10% silver, thereby increasing sales of this semi-precious metal by the silver mining states. For all its intended merits, the Stella project was soon abandoned. But only after 425 1879 Flowing Hair coins were minted, split into two groups as described above, 25 of which are considered "originals" and made in 1879, followed by 400 strikes from the same dies made in 1880 after Congressmen got involved in the proposal and wanted representative samples, for purely altruistic purposes. Estimated Value $170,000 - 180,000. View details and enlarged photos Check results on similar lots	Realized $195,500
Lot 1247		1795 $5 Capped Bust. Small eagle. PCGS graded MS-62. A well struck beauty, needle sharp throughout and struck on a perfect problem-free planchet. The surfaces shimmer with brilliance and rich golden yellow in color. Only 8707 struck for this first year of issue. Very choice for a first-year example as well as for the grade. Resplendent hair detail is thoroughly frosted with keen-edged waves and curls strengthening outward from the sharp cap and central lovelock curl. Taking stock of another key aspect of the grade, this piece has knife-edged devices in the letters and stars, the eagle on the reverse and all accompanying if simple design such as the palm branch. Only the center breast feathers lack full detail, but are still much clearer than the soft, mushy strike most often seen. This gives the coin an appreciable advantage over others in its class. Though a number of Mint State 1795 half eagles survive, most line up along the lower steps of the Mint State scale. The 1795 half eagle is the first gold denomination issued by the U.S. Mint, with the first delivery occurring towards the end of July, 1795. According to the Bass-Dannreuther guide "There is no doubt that there are fewer than 1,000 Small Eagle 1795 half eagles still available to today's collectors -- combining all the 12 varieties! The high estimates of the known survivors of the 12 Small Eagle varieties added together are only slightly more than 600 specimens. Even if the estimates are off by twenty percent, only 750 or so of these spectacular early American coins are known." On this die variety, the date is wide and star 11 joins Y of LIBERTY. The wreath has 4 berries, and the upper leaf in the palm branch ends at the foot of I in United. This is one of the more often seen 1795 varieties with possibly 200 examples extant. The previous use of this obverse was on BD-2. Pop 29; 10 in 63, 6 in 64, 2 in 65. (PCGS # 8066) . Estimated Value $100,000 - 110,000. View details and enlarged photos Check results on similar lots	Realized $115,000
Lot 1248		1796/5 $5 Capped Bust. Small eagle. . BD-1. NGC graded MS-61. In NGC holder 1561932-004. Boldly struck on a well prepared planchet with untoned reflective surfaces. We note some very minor planchet roughness on the reverse between ER and the denticles. This is mentioned for identification purposes and does not detract from its appearance. Although 6,196 were reported minted, further study by Bass-Dannreuther estimates only 1,057-2,000 were actually made. The desirable first overdated half eagle issue with a Small Eagle reverse. Sharply struck excluding on the eagle's neck and body where the traditional soft image occurs; Liberty's hair and the cap are exceptionally well defined on this often poorly struck example. The nice golden surfaces are very presentable and merit your consideration because they are so free from the usual friction from circulation; there is even a trace of semi-reflective quality. Very high quality for this desirable, early gold type. Rarely offered in Mint condition The reverse die which struck 1796/5 BD-1 was earlier used in 1795 for BD-12, and the wreath appears to have been shallowly punched into the die, attenuated leaves resulting from even a light lapping. It appears the dies clashed and were reground at some point after its 1795 use. According to Dannreuther, concerning the mintage: "although the mintage figures reported for the year 1796 undoubtedly contained coins dated 1795, there may be as many as 100 extant for this year. Many auction sales are repeat appearances, as the popularity of this single date/variety makes it a frequent trader." A marvelous opportunity for the rare gold specialist! Pop 2; 11 finer (PCGS # 8067) . Estimated Value $100,000 - 110,000. View details and enlarged photos Check results on similar lots	Realized $112,125
Lot 1249		1797/5 $5 Capped Bust. Large eagle. NGC graded AU-58. In NGC holder 1808894-001. Well struck on a problem free planchet with slight friction on the highest points. Delicately toned with traces of mint luster in the protected areas around the devices. Identifiable by a minute chattermark directly above the cap, plus two small flakes, one above the tip of Liberty's nose, the other below the upright of the R in LIBERTY. This very rare variety is the only use of the 7 over 5 overdate obverse for Large Eagle production. The key identifier is the 15 stars, but also the top of the 9 sits below the 7s. Since the other two 1797 Large Eagle varieties are unique, collectors will choose BD-7 both for its availability but also for the desirable overdate feature. The reverse is found with many spider cracks; this terminal state is coveted by die variety specialists, but any advanced collector will want to own a Large Eagle 1797 $5 gold piece in its own right if mainly for the rarity and bragging rights. In the words of the 2004 ANR sale catalog: "The sharpness of this specimen is easily finer than the Bass duplicate, earlier from Eliasberg, which was sold in October 1999. That piece was graded AU-53 (PCGS) but showed substantial central weakness on both sides. The 1999 Bass appearance of the Eliasberg coin was the last public sale of this extremely rare variety. Indeed, Garrett and Dannreuther cite only this sale and four other sales since 1994 -- and it appears that two of those sales were of the same specimen. It is telling that in the last five years there have been two chances to buy an 1804 dollar at auction, one chance to buy a 1913 nickel, but no public sales of this rare major variety!" Estimated mintage of under 1000 with only 16-20 known in all grades. Pop 2; 1 finer in 61 (PCGS # 8077) . Estimated Value $100,000 - 110,000. Previously in ANR's sale, 11/2004. View details and enlarged photos Check results on similar lots	Realized $109,250
Lot 1250		1803/2 $5 Capped Bust. NGC graded MS-65. In NGC holder 1719633-027. Condition Census. A gorgeous well struck gem that glistens with semi-reflective surfaces throughout. We note some faint adjustment marks on the bonnet as made. Nonetheless, easily one of the finest known. An impressive coin that will undoubtedly be well contested. High on the list of collector favorites are the overdate Half Eagles struck in 1802 and 1803. A curiosity is that neither year seems to be available without overdate. There were apparently no perfect-dated dies made or used. Die notes: Star near and points to upper beak tip, and is free of ribbon. On the obverse, 3 just free of Liberty's bust, missing right foot of T of LIBERTY. Early die state b (lightly clashed) but no cracks having yet developed. "The terminal state for this reverse should indicate a short production run for this variety," explains Dannreuther, "but this variety is fairly available, over 150 examples still exist. Only 33,506 pieces struck. Pop 1; 1 finer in 66 (PCGS # 8084) . Estimated Value $100,000 - 110,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1251		1806 $5 Capped Bust. Round 6. NGC graded MS-65. Well struck and untoned with intense frosty mint luster throughout. We note some light mint-made adjustment marks running vertically thru the center of the obverse that does not detract from the beauty of this wonderful gem quality half eagle. A total of 54,417 were minted for all varieties. Virtually blinding-golden fields stream light out in every direction of this beautiful specimen. The strike is crisp in most peripheral areas, though some lack of detail may be found at the hair curls in the center as well as at the left and right sides of the shield on reverse, typical of the coins of 1806 including those from other denominations as well. A small tic mark at Liberty's chin. The Round 6 (a.k.a. Knobbed 6 in many reference books) is a one-off variety, the only use of this obverse. In the date, all four numerals are small and squat, with 8 and 0 leaning left. Small letters in LIBERTY. There is a die crack through N of UNITED to the arrowheads. Dannreuther (and others) consider the Round 6 coinage "by far the most commonly seen 1806 variety and also the most seen variety among all the Draped Bust Large Eagle coins." Possibly as many as 35,000 to 50,000 of the entire 64,093 pieces minted that year are comprised of this variety, with perhaps 600 to 900 known today in various (usually much lower) grades. "As with the 1806 half dollars, the Pointed 6 half eagle varieties had the obverse die in the hammer and the reverse die in the anvil position. For the Knobbed 6 half dollar issues and this half eagle variety this die alignment was reverse, resulting in better struck obverses." [Dannreuther, p. 299.] Pop 1; none finer (PCGS # 8089) . Estimated Value $100,000 - 110,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1252		1809/8 $5 Capped Draped Bust. NGC graded MS-65. NGC serial number 1998092-001. A well struck frosty mint gem on a problem free planchet. The brilliant untoned surfaces sparkel with intense frosty mint luster. A total of 33,875 were minted. A golden, mint-fresh example, as crisp and glossy as when it was first released from to the Treasury for distribution nearly two hundred years ago. Hard to believe such a thing is possible. Fortunately for the strike, it, like the luster, is outstanding, in fact, exceptional. A well-struck example with good details. There are no bothersome abrasions or points of wear. One of the nicest specimens of this date we have seen, a coin that will be admired by those who to see it. A short mark left of star #10 along with a faint line in the field extending up from the first star can be used as identifiers; dutiful searching with a glass reveals little else other than a stray faint scuff in the frost or short hairline, the sort of unintentional flaws that are part and parcel of the trip from coining press to the bullion depositor's moneypouch. A great beauty in Gem Mint State compared to lesser quality early gold pieces that may be technically Mint State; we hesitate to call it "world class" quality but where in the world would you locate a finer specimen? A coin for a real connoisseur. Pop 10; none finer (PCGS # 8104) . Die note: One interesting feature about this piece that Dannreuther mentions in his die variety guide is the large 9 punch employed on this die. It is much larger than the other digits, possibly from the punch set that was used for the Large Date varieties in 1810. The partial numeral under the 9 does not seem to match the curve of an 8 or this 9. As with many other early gold issues, one sometimes has to draw the best conclusion that can be found from the existing examples. Traditionally, all 1809 half eagles are described as 1809/8. As with the other dies made during the employ of John Reich at the mint, star 13 has a small notch out of one point (that which is closest to the rim dentils). Some believe this is his "secret signature" as such an anomaly could not be explained otherwise. (Reich worked at the mint from 1807 until 1817.). Estimated Value $100,000 - 110,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1253		1809/8 $5 Capped Draped Bust. NGC graded MS-64. In NGC holder 20307844-008. The only die combination this year. A needle sharp strike with all the stars, hair and feather detail fully defined. A beautiful frosty mint specimen exhibiting lovely rich golden toning. Within the elusive Capped Head Left series of half eagles of this type, the 1809 is normally grouped with the more "available" issues such as the 1810, 1811, and 1812. Common is a relative term, however, and somewhat misleading when it comes to a full-fledged Mint State 64 specimen like the one offered. This wonderfully preserved specimen exceeds the normal requirements for the grade on several levels. Both sides exhibit a rich, frosted brilliance under a delightful layer of reddish orange patina. All of the obverse stars are fully defined and those make a good show of their centrals. The 13th star has a chip out of the outermost point (as on all 1809's seen). One of just a handful of Choice Uncirculated 1809 half eagles we have offered over the years and handily beating out most competitors in its grade for its visual impact. Only 33,875 struck. Pop 32; 10 finer in 65. (PCGS # 8104) . Estimated Value $40,000 - 45,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1254		1810 $5 Capped Draped Bust. Small date, large 5. NGC graded MS-64. A nice sharp strike with superb detail throughout. The frosty mint surfaces are honey golden in color, identifiable by a small diagonal mark by the ear. One of the finer surviving examples of this affordable date and variety, this one has soft golden hues over mint bloom. No visible adjustment marks can be seen, which is a major plus. What's more, the strike at the eagle is full: Rarely are the early half eagles of this period found in such a lovely state of preservation, as most circulated. To locate a near gem is quite an accomplishment. This is borne out by the following population numbers: Pop 4; none finer at NGC (PCGS # 8106) . Die Note: The 5 in the denomination is quite large on this die pairing, and the dentils had to be engraved very low in order to not touch the long loop of this digit. An enticing specimen for the specialist. Estimated Value $40,000 - 45,000. View details and enlarged photos Check results on similar lots	Realized $44,850
Lot 1255		1812 $5 Capped Draped Bust. NGC graded MS-65. In NGC holder #1787076-001. Well struck on a problem-free planchet in natural light greenish color gold. The untoned frosty mint surfaces are remarkably clean. A total of 58,087 minted for all varieties. More often than not frosty for the issue, as seen here, though rarely with near-pristine surfaces, the bright golden surface is nearly superb with few distracting bagmarks. We note a tiny mark above the eagle's head; a faint scuff line in the frost lies behind the head on the obverse. These can serve as identifiers. And so next to the devices, which are sharply struck on obverse and reverse, including full stars, most hair curls crisp (barring a few that are nearby the drapery clasp) and an impressive eagle whose only softening in the device is at the back of its neck. The extraordinary Gem MS65 we offer is tied with a handful of others for the finest Wide 5D, and is one of the most delightful we have ever sold at auction. It ranks high among all Mint State Capped Draped Bust survivors of this sought-after Type. Pop 10; none finer. (PCGS # 8112) . The Wide 5 D variety (there are two 1812 die varieties known) is the more available of the two, and it is also one of the more often seen varieties of the Capped Draped Bust type of 1807-12. For connoisseurs of numismatic minutiae (but of little relevance to the active buyer of rare high quality early U.S. gold), there are two curious die lines seen on the reverse of many coins of this variety. According to the Dannreuther reference, "they may be graver's marks or some other 'injury' to the die. One begins at the rim about two o'clock, passes to the left of A(MERICA), and ends in the wing. The other is curved through the horizontal shield lines and ends in the left (observer's) wing. Estimated Value $80,000 - 85,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1256		1812 $5 Capped Draped Bust. NGC graded MS-65. In NGC holder 1776966-015. A magnificent well struck frosty mint gem. The surfaces are golden-orange that deepens slightly at the peripheries. John Reich's Capped Bust design made its appearance on the half eagles in 1807 and continued through 1812. This design type is also known as the Bust Left design, for the direction that Liberty faces. John Dannreuther discusses the problem of nomenclature in his reference on the early gold varieties: "This type was the result of hiring John Reich as an assistant engraver. His new design with a floppy cap has traditionally been called Capped Bust, but the previous type by Robert Scot also has a capped bust. This design also has drapery, so the nomenclature has bee confusing, to say the least. The definitive difference is the direction Miss Liberty is facing. The previous type has her facing right, while this type has her facing left. So, some have referred to the first series (1795-1807) as Capped Bust Right and this series (1807-1834) as Capped Bust Left. To avoid confusion, we have labeled the two designs as Draped Bust and Capped Bust--no matter what they are called, they are the pinnacles of early American gold coinage." This example is from the Harry W. Bass, Jr. Collection, and before that from the Nathan M. Kaufman Collection. Dallas businessman Harry Bass spent over three decades collecting coins, primarily gold coins, beginning with the purchase of an 1876 gold dollar that he acquired in 1966. Over the next 32 years, he acquired over 7,000 U.S. gold pieces, along with patterns, remarkable currency, and other desiderata. Kaufman was from Marquette, Michigan, and collected in the earliest part of the 20th century with his last acquisition taking place in 1927. After that time, the collection was displayed in the board room of a Marquette bank. The Wide Denomination variety is one of two different die marriages coined with the 1812 obverse, and it is somewhat more plentiful than the Close 5D variety. This example is sharply struck with frosty luster and fully brilliant yellow-gold color. A thin scratch in the upper right reverse field, between the eagle's head and the scroll, provides an instant pedigree identifier. Pop 10; none finer (PCGS # 8112) . Estimated Value $80,000 - 85,000. Ex: N.M. Kaufman Collection (RARCOA, 8/1978), lot 802; Harry W. Bass, Jr. (Bowers and Merena, 5/2000), lot 312; Bowers and Merena (7/2002), lot 780. View details and enlarged photos Check results on similar lots	Unsold
Lot 1257		1818 $5 Capped Head. "STATESOF". PCGS graded MS-64. A well struck beauty with intense frosty mint luster. The beauty screams with originality as the "skin" is undistrubed and boasts of rich golden sunset hues with delicate rose color hioghlights. This is the among the most attractive specimens graded by either service regardless of which numerical grade has been assigned! The surfaces of this scarce early Large Head half eagle -- known in the business as an "FHF" which is slang for Fat Head Five -- the surfaces are toned in such a way as to enhance the devices. Each star and each curl is fully struck on the obverse, and similar fine detail encompasses the reverse where there isn't even the slightest bit of weakness on the eagle. Close examination notes a few trivial scuffs in the frost, mainly in the fields, with the most notable from the I of UNITED to one of the eagle's wing feathers. Liberty's cheek has a short diagonal mark below the lovelock and earlobe that can be used as an identifier. A naked-eye variety, the engraver cut STATES and OF too close together, running the words into one, perhaps thinking he was running out of space needed to finish the legend. One of only a handful graded this high by PCGS of the STATESOF variety, but there are none that could possibly beat it in terms of originality or natural color. Pop 7; 1 in 66 (PCGS # 8121) . Die note: As Harry Bass, noted authority on the series, observed, all examples seen of this variety have the reverse rotated. The pressman must have installed the dies improperly, as the alignment seems to be constant, indicating that there was no movement of the dies during striking. Estimated Value $60,000 - 65,000. View details and enlarged photos Check results on similar lots	Realized $66,125
Lot 1258		1834 Plain 4 Capped Head to Left $5 BD-1. NGC graded MS-64. NGC serial number 1785880-008. A nice bold strike with glittering frosty mint surfaces that are slightly reflective. A very rare lower mintage date. The Coinage Act of June 28, 1834, which set August 1 as the effective date, specified a new 129 grain standard for the gold half eagle. The Act specified that earlier pieces coined at the previous standard were to be received at the rate of $5.095 each, very nearly the actual gold value at the time. The majority of "old tenor" With Motto coins were eventually redeemed and melted. Few 1834 Capped Head half eagles survive today from that group, and seldom are they found in grades approaching this. Focusing first on the luster, the surfaces are judged by us to be bright gold in color, and quite apart from the freedom of any serious marks, highly lustrous, with the MS64 grade acting on behalf of its outstanding quality. At the moment when luster is a key determinant of the grade, it goes without saying the devices should also be struck boldly by the dies. And here, the coin is bold throughout with the possible exception (if one were to be critical about it) of the lovelock curl next to Liberty's ear. Stars are all bold excepting the 12th and 13th, which are slightly rounded. The prooflike tendency of the surface acts to amplify any hairlines but fortunately these are few, with the only noticeable one extending from the I in UNITED to the eagle's leg. There is a thin die break passing from the denomination to RICA in AMERICA. Pop 2; tied for finest graded. The NGC holder incorrectly lists this as a "Classic" $5.00 (PCGS # 8160) . The mintage for the six dates of this type, mid-1829 to mid-1834 is actually higher than that of the previous type that was intermittently struck, although for more years, from 1813 through 1829. Most of the earlier production was exported and melted, as the gold content exceeded the face value until the reduction in mid-1834. After 1821, no gold was seen in local circulation until the lighter-weight coins were introduced after August 1, 1834. Most of the examples of this type found are in high grade due to hoarding and melting with low-grade examples seldom seen. There has been speculation that most of the old tenor 1834 With Motto coinage was not released but was melted at the Mint. There is no physical evidence to support this assertion, as depositors would have demanded their coins. Breen noted that of the 74,709 possibly struck of this date/type, 24,568 were melted. This leaves a net mintage of 50,141. This figure is the number of coins that were delivered, but nearly all gold coins were exported and melted, especially after 1821. [Dannreuther p.413 & p.435.]. Estimated Value $100,000 - 125,000. View details and enlarged photos Check results on similar lots	Realized $109,250
Lot 1259		1839-C $5 Liberty. PCGS graded MS-64 PQ. In PCGS holder 4533516. We feel this is a specimen striking; mentioned in the Garrett and Guth book page 202. A wonderful coin with a lovely rich golden patina. Only 17,205 pieces minted. Housed in an old green holder. Fantastic surfaces like those on a Philadelphia Mint Proof! The field smooth and highly prooflike (moreso on the obverse than the reverse, it should be mentioned); devices sharp as any ever encountered and gleaming with warm golden satin frost on the devices. The two together -- the fields and devices -- provide an exquisite counterpoint, if you like, fresh cameo-like contrast that will hypnotize anyone who stares too long and hard at it! Forgive the duplicate exclamation points in the above sentences, but this coin deserves many more, it is that incredible. Marvelous sharp strike in natural slightly reddish color deep gold. The 1839-C Half Eagle is a stand-alone type from the issues of 1840-1865 in the Liberty half eagle series. And it does not take an the eye of an expert to see the difference, for there are many details from Gobrecht's first hub which are plainly evident, while others are not quite so obvious as the differences seen on his 1838-39 eagles. What's more, the 1839-C five has the feature of being the only Coronet half eagle with mintmark on obverse. The unusual piece that is offered here surpasses all others that are known to us of the 1839-C Coronet five (only a handful of Mint States are recorded). When it comes to beautiful coins, the number known dwindles rapidly down to this one, the only one that shines like a beacon in the mists. This handsome MS64 sets at the standard, a subjective yet no less objective beauty whose ranking among surviving '39-C specimens puts it miles beyond anything you will ever get a chance to bid on. The details on the main relief features are boldly struck on either side more than you can imagine unless you view it in person. This leaves the viewer wide-mouthed and in awe at the remarkable sharpness found on Liberty's hair and hair bun, the coronet and stars. As far as the eagle's feathers go, and the shield, and elsewhere, everything duplicates the razor-sharpness found on the other side. Identifying marks, while few, can serve as future provenance links as if any were needed: a very minor disturbance in the prooflike field at the point of Liberty's coronet; two little ticks in the field to the right of the eagle's neck; a tiny wedge-shaped tick beneath D of UNITED; and one or two others so immaterial that we'll skip them. Note in the photos how clean the cheek is. Liberty's visage is satin-fresh as though she just awoke from a beauty treatment. To sum it up, this coin has exceptional quality and a well recognized rarity in this grade. Again, it may yield a "Specimen" grade sometime in the near future, therefore bid as if you mean it. Pop 2; none finer at PCGS (PCGS # 8192) . Estimated Value $150,000 - 200,000. View details and enlarged photos Check results on similar lots	Realized $172,500
Lot 1260		1842-C $5 Liberty. Small date. NGC graded MS-61. In NGC holder 1706409-001. An unusually well struck example with needle sharp details and nice high rims. The lustrous surfaces are slightly reflective while the fields are remarkably clean for this grade. A few very minor ticks are noted on the outer rims, none of which are significent. A major rarity in the Charlotte series and many times rarer than the Large Date variety. Perhaps just five to 10 Mint State examples of the Small Date variety are known. Douglas Winter gives this date a High Rarity-7 rating in Uncirculated. One of the most desirable Charlotte Mint offerings in this sale. Walter Breen allocated a mintage of 23,589 to the Large Date variety, which is over four times that of the Small Date. Douglas Winter estimates that 35 to 40 are known of the Small Date and 65 to 70 of the Large Date, the opposite assessment. Concerning the date, during this post-Jacksonian period in our history, date sizes were in flux at the Philadelphia Mint, and certain denominations in the years 1842-1846 are found from variable sized date punches. Pop 2; 2 in 62, 1 in 63 (PCGS # 8208) . Estimated Value $75,000 - 85,000. View details and enlarged photos Check results on similar lots	Unsold
Lot 1261		1881 $5 Liberty. NGC graded Proof 66 Cameo. In NGC holder 1664759-013. A dazzling brilliant Gem Proof, untoned with excellent cameo contrast. On both sides, this superb specimen offers the viewer immaculate orange-peel surfaces. Only 42 proofs struck. The obverse and reverse display full two-tone contrast between the frosted motifs and mirror surface, with, again, both sides agreeably intense in that respect. A notable rarity. Indeed, a Great Rarity in this condition, as the population figures shown later on will attest. While few Proofs of the date were sold -- in sets on February 19, 1881, with two additional pieces later in the year -- it is doubtful if more than a dozen of those are in existence today. It is not at all likely that all sets found buyers; probably they didn't. Furthermore, of the extant specimens of the Proof 1881 Liberty five, a number are impaired. The present piece is one of the most spectacular bidders will ever see offered for sale, and is among the nicest to come on the market in years. A Proof half eagle rarity that will no doubt bring forth strong bidding response. Pop 2; 2 finer in PF-67 Cameo (PCGS # 88476) . Estimated Value $40,000 - 50,000. View details and enlarged photos Check results on similar lots	Realized $43,700
Lot 1262		1881 $5 Liberty. NGC graded Proof 65 Cameo. In NGC holder 1822314-007. A dazzlingly brilliant gem cameo proof with brilliant and reflective orange-gold fields and lovely "orange peel" surfaces visible at certain angles. The obverse and reverse offer full cameo contrast, with the obverse more intense in that respect. A notable rarity. While few Proofs of the date were sold -- in sets on February 19, 1881, with two additional pieces later in the year -- it is doubtful if more than a dozen of those are in existence today. It is not at all likely that all sets found buyers; probably they didn't. Furthermore, of the extant specimens of the Proof 1881 Liberty five, a number are impaired. The present piece is one of the finest bidders will ever see offered for sale, and is among the nicest to come on the market in years. A Proof half eagle rarity that will no doubt bring forth strong bidding response. Only 42 Proofs struck. Pop 3; 4 finer, 2 in 66, 2 in 67 (PCGS # 88476) . Estimated Value $30,000 - 35,000. View details and enlarged photos Check results on similar lots	Realized $33,350

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