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SERIES: Capped Bust $5 1807-1834
LEVEL: Year, MintMark, & Major Variety

1823 $5 (Regular Strike)

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PCGS MS65

PCGS MS64+

PCGS MS64
PCGS #:
8131
Diameter:
25.00 millimeters
Designer:
Robert Scot & John Reich
Weight:
8.75 grams
Edge:
Reeded
Mintage:
14,485
Metal Content:
91.7% Gold, 8.3% Copper
Auction Record:
$299,000 • NGC MS65 • 1-5-2011 • Heritage
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 82 R-8.1 18 / 22 29 / 42
60 or Better 55 R-8.4 19 / 22 TIE 31 / 42 TIE
65 or Better 4 R-9.8 12 / 22 TIE 19 / 42 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade

Henry Miller Collection - Heritage 1/2011:5096, $299,000

2 MS64+ PCGS grade

Upstate NY Collection - Bill Epstein - Fred E. Davies Collection - Paramount 2/1975:556 - R.E. “Ted” Naftzger, Jr. Collection - Paramount Fixed Price List, 1981 - Paramount (David Akers), sold privately in 4/1982 - D. Brent Pogue Collection, Part IV- Stack's/Bowers & Sotheby's 5/2016:4027, $96,937.50

3 MS64 PCGS grade

Heritage 11/2004:8353 - Donald E. Bently Collection - Heritage 1/2014:5429, $82,250

3 MS64 PCGS grade  

Stack's/Bowers 8/2011:7672, not sold - Stack's/Bowers 11/2017:10119, $54,000

3 MS64 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade

Henry Miller Collection - Heritage 1/2011:5096, $299,000

2 MS64+ PCGS grade

Upstate NY Collection - Bill Epstein - Fred E. Davies Collection - Paramount 2/1975:556 - R.E. “Ted” Naftzger, Jr. Collection - Paramount Fixed Price List, 1981 - Paramount (David Akers), sold privately in 4/1982 - D. Brent Pogue Collection, Part IV- Stack's/Bowers & Sotheby's 5/2016:4027, $96,937.50

3 MS64 PCGS grade

Heritage 11/2004:8353 - Donald E. Bently Collection - Heritage 1/2014:5429, $82,250

3 MS64 PCGS grade  

Stack's/Bowers 8/2011:7672, not sold - Stack's/Bowers 11/2017:10119, $54,000

3 MS64 PCGS grade  
3 MS64 PCGS grade  
3 MS64 PCGS grade  
3 MS64 PCGS grade  
Joe O'Connor: All known 1823 Capped Head Half Eagles are struck from one die pair, using a fresh obverse for 1823 mated with a workhorse Large Letters reverse first employed for 1820 BD.9, then used to strike all of the half eagles from 1821 through 1824.

While 1823 Half Eagles are rare as an issue, with estimates of no more than 100 or so survivors in all grades combined, they live in a bit of a tough neighborhood, among many of the great rarities of American Numismatics. So, in comparison to the other dates of the 1820s, 1823 Half Eagles are seen as relatively common.

The finest known 1823 Half Eagle is likely Norweb:774, now in the Harry Bass Core Collection. The second finest, and finest certified is the Henry Miller PCGS MS65, followed by the Naftzger-Pogue PCGS MS64+ in third place.

Ron Guth: The 1823 Half Eagle is known by only one die variety: BD-1 (Breen 1-A).  This is a relatively scarce date, with an estimated 100 survivors.  Despite the low survival rate, several choice to near-Gem examples are known.

Sources and/or recommended reading:
"Early U.S. Gold Coin Varieties" by John W. Dannreuther and Harry W. Bass, Jr.


David Akers (1975/88): The 1823 is a very rare coin but it is still one of the more "common" dates of this type, and certainly the most available date between 1821 and 1829. When 1820 is considered just as a date and the Curved Base 2 and Square Base 2 varieties are not broken out, the 1823 is more rare than the 1820, as well as the 1813, 1814/3 and 1818. There are a few well circulated 1923's around but most known specimens are AU or better. A number of very choice uncs are also known, perhaps as many as 25-30 pieces.