1829 $5 Large Size PR (PCGS# 8149)

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    4681
  • Grade:
    PR64
  • Price:
    $1,380,000.00
Lot Description
1829 $5 Large Date PR64 PCGS Secure. CAC. Breen-6489, BD-1, R.7. Ex: Garrett. Although Mint records claim that 57,442 examples of the 1829 half eagle were struck, these coins, including the Large Date and Small Date varieties, have been known as important rarities since the 1860s. Some intricacies of the issue have only become known more recently, and some unresolved questions remain. The year was transitional, witnessing the last use of the open collar for the Large Date coins, and the debut of the close collar for the Small Date coins. The Close Collar produced coins of a uniform and slightly smaller diameter with a beaded border. The two variety descriptions, Large and Small Date, have been used since at least 1873. In the Seavey Descriptive Catalog, published that year, William Strobridge described an 1829 half eagle as the "Old Type," referring to a Large Date specimen. Today we are aware of seven Large Date coins in all grades, including proof, Mint State, and circulated pieces. Early Auction Appearances The earliest auction appearance that we have found for an 1829 half eagle was just 35 years after they were minted, in W. Elliot Woodward's May 1864 sale of the McCoy Collection. At the time, Woodward noted that the date was very rare with "not more than six known." The 1829 half eagles made several additional auction appearances throughout the remainder of the 19th century and into the 20th century, although specimens are difficult to track, as most were unplated. Many were called proof regardless of their actual appearance. In the early and middle decades of the 20th century, roughly from the 1920s to the 1960s, coin dealers and auction houses called nearly any coin with a mirrored finish a proof. The problem was compounded by poor auction plates, or in some cases no plates at all. The publications of Walter Breen, including the Hewitt monograph series, Proof Encyclopedia, and Complete Encyclopedia, complicated matters as he promulgated the proof status of s
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