Feb 18-19, 2002, The Benson Collection Part 2, Sale 13

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United States Coins

$5 Gold

$5 Capped Bust / Heraldic Eagle

Lot 1975 Click on photo for enlarged version Click on photo for enlarged version
1805. Miller-74, Not in Breen, Rarity-4+. Sharpness of EF-45 but graffiti on the obverse and possibly mounted. Orange gold in color with coppery red highlights at the rims. Examination will locate graffiti in the left obverse field, and clusters of small ticks in Liberty's hair and below her chin. Around the obverse rim, there are some flattened areas which indicate that this coin may have been mounted. As always, inspection is a must.
Estimated Value $1,250-1,750.
From the Robert W. Miller, Sr., collection.

Lot 1976 Click on photo for enlarged version Click on photo for enlarged version
1805. Miller-74, Not in Breen, Rarity-4+. Sharpness of VF-35 but burnished. The surfaces have been burnished long ago, and the coin retains a satiny, soft appearance. Die cracks are noted through the 0 in the date and the last star both into Liberty. We note some small scratches near the fifth star on the rim, and scattered ticks on both sides. Decent enough for the grade overall. Another coin to be inspected.
Estimated Value $1,000-1,300.
From the Robert W. Miller, Sr., collection.

Lot 1977 Click on photo for enlarged version Click on photo for enlarged version
1805. Miller-74, Not in Breen, Rarity-4+. Sharpness of VF-35 but smoothed and repaired. The rims, face and fields have been smoothed and some scratches are still present. Well struck from cracked and clashed dies, with obverse radial cracks through the 0 in the date, last star and heavy clash marks above Liberty's head and around the reverse periphery too. The rims show signs of being mounted in the past, with smoothed areas seen on the edge and dentils. Another one to inspect prior to the sale to arrive at the proper bid.
Estimated Value $800-1,200.
From the Robert W. Miller, Sr., collection.

Lot 1978 Click on photo for enlarged version Click on photo for enlarged version
1805. Miller-74, Not in Breen, Rarity-4+. Sharpness of VF-25 but worn as jewelry. Here is yet another example of this variety. This one has been damaged by being worn as jewelry for many years and all the devices and edges are worn. On the edge, we note repairs with most of the reeding now missing. A coin to inspect prior to bidding.
Estimated Value $600-800.
From the Robert W. Miller, Sr., collection.

Lot 1979 Click on photo for enlarged version Click on photo for enlarged version
1806. Pointed 6, Stars 8 X 5, Miller-75, Not in Breen, Rarity-6. VF-30. On this die, the first star appears to have been added as an afterthought, and on the reverse, there is rim crumbling or overlapping dentils just past STATES. Cleaned in the past, and nicely recovered with coppery hues around the devices. Moderate hairlines but no other troublesome marks or bumps. Identifiable by a small rim bruise over the O in OF.
Estimated Value $1,250-1,750.
From the Robert W. Miller, Sr., collection.

One of the Finest Graded 1806 8X5 Pointed 6 Half Eagles

Lot 1980 Click on photo for enlarged version Click on photo for enlarged version
1806. Pointed 6, Stars 8 X 5, Miller-75, Not in Breen, Rarity-4+. PCGS graded MS-64. The obverse die was prepared by the proverbial "office boy". Note that the 6 is very high, with the upper point of that number well up into Liberty's drapery. In addition, the first star was obviously added as an afterthought, and seems to be stuffed into the area near Liberty's lowest curl. We can only guess, but we suspect that the obverse die was originally a twelve star, with the stars arranged 7X5, when the supervisor, or office boy engraver noticed the error, and demanded an additional star be added. One simply can't waste dies, as die steel was very expensive. Adding the additional star was overcome by lapping or filing off the lowest curl of Liberty, note how incomplete it is with broken ends appearing both at the top and bottom above the first star. Literally erasing most of this bottom curl allowed the engraver to squeeze in another star, which ended up being awkwardly placed where part of the curl used to be, with two points very nearly touching the next star. Similar corrections to dies have been noted on coins of the early period at the Federal Mint, another famous example is the 15 star reverse bust dollar (1799), where too many stars were placed over the eagle, and the two offending stars were covered over by extending the clouds over the stars. A few points of the two stars can still be seen, sticking out from the bottom of the clouds. Thus, the early days at the Mint presented many challenges, and the employees bumbled along as best they could.
Splendid surfaces on this coin, with full mint bloom and few signs of handling. The central reverse has some crossing adjustment marks through the eagle, and these weaken some of the central devices. Overall, a gorgeous coin for the grade, and one with the added appeal of the "extra" star being squeezed in on the obverse. Further, this is one of the finest graded by PCGS, which notes 4 this high, with none graded higher! Certainly an opportunity for the alert numismatist, who enjoys the study of the minute details provided in such rich abundance in these early coins. Color photo.
Estimated Value $25,000-35,000.

Lot 1981 Click on photo for enlarged version Click on photo for enlarged version
1806. Pointed 6, Stars 8 X 5. Miller-77, Breen obverse 1, Rarity-7. Sharpness of EF-40 but there are obverse scratches. This is the obverse for Breen-1, and the reverse was not listed in his monograph. A few others were offered in the recent Bass Sales. In particular, the obverse has several long scratches outlining Liberty with a few more in the fields, a scrape on the 8, and a few more handling marks than one would expect on the obverse than the grade usually warrants. The reverse is nicer, and we note a die crack through the tops of UNITED ST, and middle of MER. Identifiable by a small rim mark above the eighth star. A rare issue that should still be considered as this variety is seldom offered.
Estimated Value $1,750-UP.
From the Robert W. Miller, Sr., collection.

Rare 1806 Miller-82, Pointed 6, stars 8 X 5

Lot 1982 Click on photo for enlarged version Click on photo for enlarged version
1806. Pointed 6, Stars 8 X 5. Miller-82, Breen 3-D, Rairty-6+. VF-25. A rare coin which is seldom offered in any grade. In fact, Robert Miller considered this to be one of just 2 known, but that was before the massive Harry Bass duplicates hit the market in the past few years. In the Bass collection, 4 examples were offered of this rare die pairing. This particular example is the plate coin from the Miller reference book on half eagles. Moderate handling marks and roughness on both sides. The devices are sharply struck. Identifiable by a small edge tick just left of the date, and a minor scratch down the left side of the M in AMERICA to the fifth feather below on the eagle's wing. An important offering for the specialist. Early die state before the cud appears over the T of UNITED.
Estimated Value $2,000-UP.
From the collection of Robert W. Miller, Sr.

Superlative 1806 $5 Gold

Lot 1983 Click on photo for enlarged version Click on photo for enlarged version
1806. Round top 6, M-84, R-2. PCGS graded MS-64. One of the most common half eagles, but not in this grade! Rich gold in color with undiminished luster and clean surfaces throughout. The strike is average, with most of the stars sharp, but a few don't have full centers. Light adjustment marks on the reverse through TED of UNITED. PCGS has graded 28 this high, with a single coin graded a notch higher. Color photo.
Estimated Value $15,000-20,000.

Lot 1984 Click on photo for enlarged version Click on photo for enlarged version
1806. Round top 6, Stars 7 X 6, Miller-84, Breen 5-E, Rarity-2. EF-45. A few surface scratches on both sides from circulation and there are adjustment marks on the upper reverse rim. Well struck and still lustrous.
Estimated Value $1,250-1,750.
From the Robert W. Miller, Sr., collection.

Knockout 1806 Half Eagle Round top 6, 7X6 Stars

Lot 1985 Click on photo for enlarged version Click on photo for enlarged version
1806. Round top 6, Stars 7 X 6, Miller-84, Breen 5-E, Rarity-2. PCGS graded MS-64. Frosty mint luster and well struck for this common die variety. Remarkably, these dies held up very well and quite a large number were coined. Attrition rates were still very high, and most of these were lost or melted over the years. This one is in the old style green insert PCGS holder. Further, PCGS has graded 28 this high, but more importantly, only a single coin is graded higher at MS-65. That makes this one of the nicest to survive of this important type coin. Rich gold color with a splash of copper on the right side of the reverse. A very attractive and visually appealing coin in every way. No adjustment marks and this one is well struck. Color photo.
Estimated Value $15,000-20,000.

Lot 1986 Click on photo for enlarged version Click on photo for enlarged version
1807. Miller-85, Breen 1-A, Rarity-2. Sharpness of MS-60 but burnished and cleaned. Well struck, but the surfaces have been burnished and cleaned, so the coin is too reflective. One dull mark at the top of the first A in AMERICA.
Estimated Value $2,500-UP.
From the Robert W. Miller, Sr., collection.

Lot 1987 Click on photo for enlarged version Click on photo for enlarged version
1807. Miller-87, Breen 2-B, Rarity-6+. AU-50. A rare die pairing which can be recognized by the 1 just touching the thin curl above, a raised die flaw under the tail of the R, and on the reverse by large stars and die rust over and behind the eagle's head. Adjustment marks through the last two stars weakens that area and on OF too. Average handling marks, and broken out of an NGC slab where it was graded AU-50.
Estimated Value $2,500-3,000.
From the Robert W. Miller, Sr., collection.

Lot 1988 Click on photo for enlarged version Click on photo for enlarged version
1807. Miller 86, Breen 1-B, Rarity-5+. EF-40. Beautiful copper colors on both sides and well preserved. The only complaint is two small ticks over Liberty's cap, but these are microscopic. On the reverse, there are traces of adjustment marks through the lower left wing on the eagle and shield below. A nice coin for the grade, and worth a good bid.
Estimated Value $1,250-1,750.
From the Robert W. Miller, Sr., collection.

Lot 1989 Click on photo for enlarged version Click on photo for enlarged version
1807. Close date, large stars reverse. Miller-88, Breen 2-C, Rarity-5+. Sharpness of VF-30 but repaired and smoothed. This one has been cleaned and polished. There are some rim problems which have been repaired and some scratches smoothed out on the surfaces, including one on Liberty. One to inspect prior to bidding.
Estimated Value $800-1,000.
From the Robert W. Miller, Sr., collection.

Lot 1990 Click on photo for enlarged version Click on photo for enlarged version
1807. Miller-89, Breen 3-C, Rarity-7. VF-25. An extremely rare coin in any grade, this particular one has some scratches on Liberty's face and into the right obverse field. It is an early die state before the obverse die shattered, but does show the reverse crack from the top arrowhead to the junction of the left wing and shield. We offered the Bass II coin in our October 2001 Sale, which grades MS-64. Robert Miller notes that only 4 are known, with a 5th example rumored. The surfaces show moderate hairlines, but the color is decent and all things considered this isn't a bad coin to represent the variety. One for the specialist.
Estimated Value $1,000-1,250.
From the Robert W. Miller, Sr., collection.

Lot 1991 Click on photo for enlarged version Click on photo for enlarged version
1807. Miller-90, Breen 4-C, Rarity-5. Sharpness of EF-45 but there is a slight bend in the planchet. This coin has been slightly bent, and will rock when placed on a level surface. No signs of surface problems or edge damage, and how this coin was slightly bent is a mystery. As to the color, the fields are a desirable shade of orange gold, and much luster remains on both sides. Viewing will note moderate handling marks when seen with a glass, but they are not too distracting. The reverse die crack from the arrowhead to the shield is present.
Estimated Value $1,500-2,000.
From the Robert W. Miller, Sr., collection.

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