Lot 1998
1824 $5 Capped Head. . M-147. PCGS graded MS-64. One of the rarities of the early half eagle series, the date 1824 always comes to mind as one seldom seen, and rarely offered. This particular one is bathed in lovely coppery gold tones, with splendid luster and ample mint flash. PCGS has graded 8 this high, with a single coin graded higher as MS-65, and a total of 21 coins graded in all of this date, in grades ranging down below EF. A single pair of dies were used to coin these. It is noteworthy that this reverse was used to coin half eagles from 1821, 1822, 1823 and 1824. This particular coin is very sharply struck with no signs of weakness anywhere to be found. It can likely be traced by a tiny tick below Liberty's chin, and a toning spot below star six on the obverse, and a similar toning spot between IT of UNITED on the reverse. A foremost rarity in any grade. Half eagles have long been the great challenge among United States coins for the number of extremely rare coins struck over several decades and the regal appearance of high grade specimens. This particular coin came from the Garrett collection, and prior to that was offered in a George W. Cogan sale, 1882.
Estimated Value $55,000 - 65,000.
From Bowers & Ruddy's Garrett Collection Sale, November 1989, lot 466, prior to that from George W. Cogan, March 23, 1882.
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