*HIGHLIGHT OF ENTIRE AUCTION* 1833 Large Date BD-1 Gold Capped Bust Half Eagle $5 Graded ms63 detail

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  Lot #166  (Sale Order: 136 of 693)  
Sold for: $39,000.00 to onsite
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***Auction Highlight*** 1833 Large Date BD-1 Gold Capped Bust Half Eagle $5 Graded ms63 details By SEGS. HIGHLIGHT OF THE ENTIRE AUCTION - Up for Auction is the Ultra rare 1833 Large Date BD-1 Capped Bust $5 Gold - A substantial mintage of 193,630 Capped Head Left half eagles was accomplished in 1833, with three die varieties known for the date. This coin represents the BD-1 variety, with the Large Date obverse. The actual size difference of the digits in the Small Date and Large Date variants is just barely distinguishable, but the style of the number punches is distinctly different. The 3s on the Large Date have pronounced knobs and the 8 is more blocklike rather than the italic (or belted) style seen on the Small Date. The BD-1 is a rare variety, with a surviving population of just 35-45 examples in all grades, but it is still seen more often than the Small Date varieties. An article by Paul Gilkes in the June 26, 2000 issue of Coin World deals directly with the rarity of the 1829 half eagle, but the explanation applies just as effectively to the 1833:"The main reason the 1829 Capped Head, Large Planchet half eagle is so difficult to obtain is that it and many of its predecessors fell victim to the great melts, a byproduct of the flood of Mexican and Peruvian silver. The influx of silver on the world market compared to gold supplies lowered the silver price, but appeared as an unstoppable increase in the value of gold reckoned in Mexican dollars. The result was widespread hoarding and melting of older gold coins when their bullion value exceeded their face value by enough to warrant a profit over the cost of melting. Tens of thousands of half eagles and other gold denominations of recent vintage were melted soon after their production and reclaimed ... "As a result, few people in the 1820s and 1830s ever saw or handled a U.S. quarter eagle or half eagle. The few that did survive are often encountered in relatively high grades. For the 1833, the average grade is 57.6. This coin is noticeably finer at the MS63 Details level. A bit softly struck on the obverse stars and the left portion of the eagle's wing, the surfaces otherwise are bright and the fields semi reflective. Even, light reddish-yellow color is seen over each side of this rarely seen Capped Head issue. I have included an ms64 for your comparison. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation

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This item is part of Winter Bonus Coin Consignment Auction 2 of 2
 Tuesday, Apr 13, 2021 | 6:30 PM  Eastern
 
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*HIGHLIGHT OF ENTIRE AUCTION* 1833 Large Date BD-1 Gold Capped Bust Half Eagle $5 Graded ms63 detail
*HIGHLIGHT OF ENTIRE AUCTION* 1833 Large Date BD-1 Gold Capped Bust Half Eagle $5 Graded ms63 detail
Lot number: 166
Seller: Key Date Coins
Event: Winter Bonus Coin Consignment Auction 2 of 2
Ends: Tuesday, April 13 | 6:30 PM  Eastern

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