1796/5 $5 Capped Bust. Small eagle

1796/5 $5 Capped Bust. Small eagle. BD-1, Breen-9I, Miller-16, the only known dies. Rarity-4+. NGC graded MS-62. Coin is encapsulated in NGC holder 1891975-006. Slightly reflective surfaces. Light scattered marks, free from adjustment marks. A lovely BU representative of this scarcer Small Eagle five, both sides exhibit bright, yellow-gold color with deeper green-gold undertones perceptible at indirect angles. The strike is nicely centered on the defect-free planchet. Further, it is also sharply executed over virtually all elements of the design. Magnification reveals modest hints of semi-reflective flash from the fields as the viewer rotates the coin under a light. The reflective quality serves to enhance what is already a high level of pleasing eye appeal. A definite find for the better-date Type buyer seeking a representative of this, one of the greatest rarities in the U.S. half eagle series. There is only one known die marriage of the 1796 issue, and its obverse is an overdate that employs an unused 1795-dated die of the Close Date variety. Although archive records indicate 6,196 half eagles were delivered in 1796, there is some discussion as to whether these all bore that date. Walter Breen (1988) opines that these coins were dated 1796/5, and he further states that an additional 623 coins delivered in 1797 were also struck ... read more