Lot 1996
1811 $5 Capped Draped Bust. Tall 5. . M-115. PCGS graded MS-63. A lovely example of this date that boasts a rich golden hue and abundant luster in the fields. Fully struck, but the reverse die was lapped making the scroll and parts of the wing shallow and without the usual depth seen on dies that have not been lapped. This process was used to reduce cracks and clash marks, and essentially the die field was filed down a bit to remove the clash marks or crack, then more coins were struck. Lapping simply reduces the depth of the design elements in the dies, and hence, on the coins.
PCGS has graded just 12 as such, with only 8 graded higher of this variety. Perfect for the type or date collector who wants a lot of eye appeal without breaking the bank. We note some very faint adjustment marks on the obverse rim near the bust and above LIBERTY, but they are microscopic and not at all distracting.
Estimated Value $8,000 - 10,000.
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| Realized $8,913 |
