1807 $5 Capped Bust MS(PCGS#8101)

The Regency Auction 26

Auctioneer

Legend Rare Coin Auctions

Lot Number

703

Grade

MS62

Price

10,869

Lot Description

BD-8. In 1807, the newly hired assistant engraver, John Reich began work on the redesign of the nation's coins. Starting with the largest denominations then being circulated, the half dollar and half eagle, he replaced Robert Scot's right facing bust of Liberty with his right facing Capped Bust design. The presently offered Mint State example has a rich satin glow that drapes frosty lustrous fields. Reich's new design elements are sharply struck up. A lovely golden color shows of the quality of the surfaces. A few ancient marks are noted on both sides but none are singularly distracting or diminishing to the eye appeal. PCGS 53, NGC 43. The most recent example to sell in auction realized $15,275 in the Blue Moon Collection sale. The current PCGS Price Guide value is listed at $16,000. A very popular first year of type early gold coin. Cert. Number 35100637 PCGS # 8101