Lot 1966
1804 $5 Capped Bust. Small 8 over large 8. . M-59. PCGS graded MS-64. This is the finest example graded by PCGS and it is alone in this grade category. Fabulous mint bloom and copious luster in the fields. We note a hint of adjustment marks, they are short and extend from Liberty's temple into her hair. Boldly struck by the dies, with full and complete definition on all the devices. The date is wildly recut, with the 8 almost comical as the large 8 obviously has a small 8 residing on top of it. The 1 and 0 are also recut, but not as dramatically. Both dies show clash marks, and the reverse has a slight crack through the E of AMERICA. Rare and not fully appreciated by numismatists, these early half eagles are available, and mercifully can be found in nice mint state grades, as offered here, but they are somewhat expensive, as they always have been. For well over a century, a collection of early half eagles has been one of the most challenging and rewarding series to collect. Given that this coin is the finest of this variety graded by PCGS, we expect a strong price, which it richly deserves.
Estimated Value $40,000 - 50,000.
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