Lot 1936
1807 $5 Capped Bust. Bust right. PCGS graded AU-55. Old green holder. Softly struck in the centeres. Nice light gold toning. This piece, too, has the usual light circulation marks, with wear on the highest points of the design only. Some luster remains. Bankers and other bullion depositors at the Mint preferred the $5 denomination rather than lesser denominations. The gold coins were the chief means of clearing transactions with Europeans or trading houses in Central and South America in those days, resulting in a steady flow of gold into and out of the United States, but with a bias toward net outflow. 32,488 coins minted. Pop 32; 102 finer. (PCGS # 8092) .
Estimated Value $7,000 - 8,000.
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| Realized $9,488 |
