Lot 4415
1810 $5 Capped Draped Bust. Small date, large 5. . BD-1, Breen-6462, Miller-114. NGC graded MS-64. BD-1. 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. NGC holder 1897701-010. BD-1. The only variety of the year. Only 15,454 pieces minted. A well struck frosty mint example with light clash marks as made. Shimmers with honey-color golden lustre. A marvelous example for the Capped Bust type. The light die clash referred to in the opening comments are visible as the stripes of the shield echoed in Liberty's hair and ear also with light ghosting of the eagle's body around the field of Liberty. There is only the one die pairing this year, with a die center punch lump between curl and ear. Remnants of the earlier 3 are clearly visible at both sides of the top of the 4 and below its crossbar at left, and on both sides of the crossbar at right. The small "chip" out of one star point on star 13 points to John Reich as the maker of this die, since most numismatists agree this could not have happened without the conscious intervention by someone at the Mint. Perhaps as many as 100 examples survive, coins of this popular date/variety are quickly snapped up at auctions and on bourse floors. The reverse used on the 1814 overdates is the second of three uses for this die; the final use with the extremely rare and famous 1815 $5. Pop 4; none finer at NGC (PCGS # 8106) .
Die note: There is confusion about this particular variety, as Breen misidentified the obverse, believing it was identical to the other Small Date obverse used for BD-2. According to Dannreuther, "This variety seems to have been struck on at least two occasions, as the dies are both found without and with rust lumps. This indicates there was a production run, the dies were removed and improperly stored, and then they were used again for other production."
Estimated Value $45,000 - 50,000.
Ohringer Family Trust Holdings.
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