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January 30, 2015

COIN OF THE WEEK

Rare 1807 CAPPED BUST $5, BUST LEFT, LARGE BUST
PCGS MS64 - $41,500

Click on Coin Image to enlarge


Rare 1807 CAPPED BUST $5, BUST LEFT, LARGE BUST
PCGS MS64 - $41,500.

Only 6 graded higher at PCGS. A popular and important type coin, the present specimen is a truly premium quality coin. Both sides are very lustrous with relatively clean surfaces for the grade. Orange-gold coloration with full and flashy luster highlights the pristine surfaces of this coin.

The strike is full, with no weakness noted on either side. No individual abrasions are worth to be mentioned on either side, which only feature some scattered marks from careless handling, presumably within the first few decades after this coin was struck. A premium quality coin destined for an advanced type set or high quality set of early American gold coinage.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

This type was designed by John Reich, the new assistant engraver at the Mint, next to the elderly Robert Scot, who had designed our nation’s first gold coins, including the “work-horse” five dollar gold piece, or half eagle. Short lived, as the type was discontinued after 1812. Thus, the present specimen represents an uncirculated first year of issue coin of this type which his always in demand.

By 1807, minting of the larger eagles had been discontinued since 1804, and was not resumed until several decades later. As such, the half eagle was the denomination of choice for large transactions, in particular between businesses and banks, as it represented a, for the time, huge amount in cash. Because of this, heavy circulation and the extremely low number of people who at the time could afford to put half eagles away for collections, this is a scarce issue in the mint state grades.

Two varieties are known for this issue, with the present specimen being a representative of the more available variety, BD-8. This was the second use of the obverse die, paired with a new reverse die after the old broke after only a couple of thousand coins had been struck. The reverse on this particular variety best is identified by the position of the leaf closest to U in UNITED. On this variety, it is close, whereas on BD-7 it will be farther away, an obvious difference which can easily be seen.


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ADDITION NEW COINS ADDED - (Week of 1/23/2015)

1865 Liberty $20 NGC MS64. TYPE 1. A FLASHY GEM

1905 Liberty $20 NGC MS64+. VERY RARE IN THIS HIGH GRADE

1900 Liberty $2.50 NGC PR68 UCAM. VIRTUAL FLAWLESS GEM ULTRA CAMEO. ONLY 205 STRUCK.

1898 Liberty $2.50 PCGS PR66 DCAM. GEM DEEP CAMEO

1897 Liberty $2.50 PCGS MS68 CAC. HIGHEST GRADED BY PCGS

1878 Liberty $2.50 NGC MS66. GEM SATIN SURFACES

1855-C Liberty $2.50 PCGS AU55. VERY SCARCE CHARLOTTE GOLD

1852 Liberty $2.50 PCGS MS66. GEM SATIN SURFACES

1844-C Liberty $2.5 NGC MS62. VERY SCARCE IN THIS QUALITY

1844-C $2.50 Liberty PCGS MS61. VERY RARE

1839-C $2.50 Liberty NGC MS62

1910 $2.50 Indian, struck 5% off center NGC MS65

1898 25C Obverse Die Cap & Brockage PCGS MS62 Mint Error

1904 $5 PCGS MS66. ONLY 7 GRADED HIGHER AT PCGS

1892 $5 PCGS MS65. A GEM

1881 Shield 5C NGC PR68. TIED FOR HIGHEST GRADED WITH ONE OTHER

1923-S Buffalo 5C NGC MS66. TIED FOR HIGHEST GRADED

1937-D Buffalo 5C NGC MS65. NICE LUSTER. 3-LEGGED BUFFALO

1925-D Buffalo 5C NGC MS66. GEM SATIN FINISH

1920-S Buffalo 5C PCGS MS65. VERY RARE IN THIS GRADE

1866 Shield 5C NGC PR67 CAM. WITH RAYS. GEM PROOF

1906 Liberty Head 5C NGC PR67 CAMEO. GEM PROOF

1867 Shield 5C NGC PR67 CAMEO. NO RAYS

1937 Buffalo 5C NGC PR68. GEM BRILLIANT WHITE

1937 Buffalo 5C NGC PR68. BLAST WHITE

1937 Buffalo 5C NGC PR68. GEM PROOF

1909 Liberty 5C NGC PR68. FLASHY SATIN WHITE GEM

1652 Pine Tree 3 Pence Pellets NGC MS63

1652 Oak Tree Shilling NGC MS62 CAC. IN AT BOTTOM OF OAK TREE

1652 OAK TREE SHILLING, IN AT BOTTOM OAK TREE NGC XF45 CAC

1652 OAK TREE 6 PENCE, IN OBV OAK TREE NGC MS61 CAC. IN ON OBVERSE. VERY RARE

1865-S $10 NGC AU55. 1865/INVERTED 186. JUST 2 GRADED HIGHER AT NGC

1904 $5 NGC PF67 CAMEO. FABULOUS GEM PROOF

1800 Draped Bust Half 10C NGC AU53. LIBEKTY VARIETY

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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