1836 $5 HM-5 MS(PCGS#765233)

The Summer 2022 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

5046

等级

XF40

价格

20,684

详细说明

Rare HM-5 Attribution of the 1836 Half Eagle 1836 Classic Head Half Eagle. HM-5. Rarity-5-. EF-40 (PCGS). Die Variety: HM-5. Obverse 4: This die, in its only pairing, has a double forelock curl and the digit 6 centered under the right edge of Liberty's lowest hair curl. Faint vertical die lines in the fillet above the letters TY in LIBERTY serve as useful identifiers of this obverse. Reverse H: A tiny berry without a stem readily distinguishes this die from all other reverses used for 1836 half eagles. The 1836 HM-5 attribution also represents the only use of Reverse H in the Classic Head $5 series. Die Emission Sequence: With no known die linkages to other varieties in this series, the exact positioning of the 1836 HM-5 pairing in the emission sequence for Classic Head half eagles is unknown. Die State: Struck from a late state of these dies, the Virginian Collection HM-5 specimen shows both of the cracks that develop for this variety and bisect Liberty's portrait. The first starts at the lower border between the digits 83 in the date and extends into the fillet between the letters LI in LIBERTY. The second, mostly horizontal crack joins the first in the hair curls below the letter B in LIBERTY and extends through the eye and the bridge of the nose to the border between stars 3 and 4. There are no cracks or other forms of die deterioration on the reverse. Estimated Surviving Population for the Variety: 70 coins in all grades (per Daryl J. Haynor, 2020), or 5% of extant 1836 Classic Head half eagles. Strike: Nicely defined at the assigned grade level, we note only the expected wear to design elements that retain plenty of bold to sharp detail. The obverse stars are blunt and lack radial lines, a characteristic of coins struck from this obverse die, which Daryl J. Haynor attributes to Mint employees punching the stars too deeply into the die. Surfaces: A bright medium gold example with traces of frosty mint luster remaining. There are no sizable marks, although faint hairlining is noted for accuracy. Commentary: The early break up of the obverse die explains the rarity of 1836 HM-5 half eagles. The reverse die has no known cracks, so it is more difficult to comprehend why Mint personnel retired it alongside the obverse after what must certainly have been a very short press run for this unique pairing. The reverse may have suffered severe damage, as well, but the paucity of survivors has so far precluded identification of a terminal die state. Daryl J. Haynor (2020) identifies an NGC MS-65 as finest known for the 1836 HM-5 attribution, although the majority are circulated to one extent or another, as here. An important bidding opportunity for the gold variety specialist that should not be missed. Provenance: From the Daryl J. Haynor Virginian Collection. The plate coin for the 1836 HM-5 variety in the 2020 Haynor reference on Classic Gold coinage. NGC insert #2689500-005 with a grade of EF-45 from a previous certification of this coin included. PCGS Population (HM-5 attribution only): 4 in all grades, from EF-40 through AU-53. PCGS# 765233. NGC ID: 25RY. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.