1829 $5 Small Size MS (PCGS# 8151)

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

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    4682
  • Grade:
    MS61
  • Price:
    $431,250.00
Lot Description
1829 $5 Small Date MS61 PCGS. CAC. Breen-6490, BD-2, R.7. The 1829 half eagle has been a celebrated rarity in the American gold series since the early days of the hobby. Because of the introduction of the close collar mechanism in 1829, two varieties of the date are known. The older type, struck with an open collar, is known as the Large Date. The coin offered here represents the close collar variety, naturally referred to as the Small Date. Both types are very rare, and a diligent search of auction records reveals that it has been 12 years since an example of either type was offered at public auction. Heritage is privileged to offer an example of both types of the 1829 half eagle in the Harvey B. Jacobson, Jr. Collection, and an example of the scarce 1829 quarter eagle elsewhere in this catalog. Since eagles were not struck in 1829, this constitutes a complete set of the gold issues of that year. We know of only eight or nine occasions when a complete set of 1829 gold coins has been included in the same offering, and only three times in the last 50 years (Garrett, Eliasberg, and Harry Bass). Although there was an example in the Mint Cabinet, and Matthew Stickney seems to have acquired his specimen at an early date, through a private transaction, the Small Date coins were slow to appear on the numismatic market. This caused 19th century catalogers to believe they were even rarer than the Large Date type. Numismatists began to differentiate between the two types by June of 1873, when the first example of the Small Date to appear at auction was featured in lot 491 of the Seavey Descriptive Catalog by William Strobridge. This auction never actually took place, because Lorin G. Parmelee purchased the entire collection intact before the date of the sale. In his Sixty-Ninth Sale of June 1883, John W. Haseltine described the coin in lot 364 as: {blockquote}"1829 New type. This piece is a size smaller than the last described. The stars, date, and lettering on reverse being
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