1797 $5 BD-4, Small Eagle, 16 Stars AU58+ PCGS
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1797 $5 Small Eagle, 16 Stars, BD-4, High R.8, AU58+ PCGS. HBJ-209. Ex: Harry W. Bass, Jr. Collection. Bass-Dannreuther Die State a/b: A reverse die crack from the lower wreath crosses the eagle's breast and wing, and into the field above the palm branch. Obverse Die: Two varieties are known as 1797 16 Stars, Small Eagle half eagles and they are both from a single obverse die. Reverse Die: The reverse die is found only in this die combination. This Plus-graded near-Mint specimen -- the unique BD-4 example -- exhibits just a trace of friction on the high points of the strongly impressed design elements, and almost all interior detail remains intact. Unusually, the first star overlaps the hair, indicating it was especially deeply punched. The pleasing orange-gold surfaces are lightly abraded, with vibrant mint luster on both sides. A minor planchet flaw near Liberty's nose serves as a pedigree marker. Overall eye appeal is outstanding. The student of early gold die varieties will find no suitable replacement for this spectacular early gold rarity, once this lot has passed. This coin is pictured on PCGS CoinFacts and is the plate coin in Early U.S. Gold Coin Varieties, A Study of Die States 1795-1834. The successful bidder will become just the sixth collector to own this coin since the 1860s. This variety was unknown to Walter Breen who recognized the obverse die of his 12-K die marriage attributed today as BD-3. Breen cited this coin that went from Parmelee to Byron Reed in his monograph but was unaware of the different reverse die. Only the obverse was plated in the Parmelee catalog, and it is unlikely that Breen saw the coin in person. While known since the late 1860s, the proper identification as a new gold half eagle variety had to wait until 1972 when Robert P. Hilt, II examined this coin at Omaha's Durham Western Heritage Museum. John W. Dannreuther's admiration of this important half eagle is clear from his comment in Early U.S. Gold Coin ...
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