||1818 $5 MS62 NGC. CAC. BD-1, R.5. Bass-Dannreuther Die State b. An attractive, highly lustrous example of this scarce and inviting variety, noted for the use of John Reich's "notched" star punch on each of the 13 stars. Robert Scot modified the Reich design with simple changes to the cap folds and revisions to Liberty's hair -- most notably, with two smaller, distinct curls above the eye replacing the large bold one in the previous design. John Reich left the Mint in 1817 prior to the die changes and minting of this coin. Three die pairs were utilized to strike 48,588 pieces, with the distinction of each die marriage having a different combination of unduplicated obverse and reverse dies, a situation called "unique" for early gold coins by the Bass-Dannreuther reference. This example offers a bold strike and exceptional eye appeal for the grade. The reverse is heavily cracked through the base of AMERICA into the D of the denomination. A second major crack travels from the edge past the leaf, through the leftmost eagle's claw, along the left shield edge, and through the eagle's neck to the S in the scroll. Rich, orange-gold toning shows deeper orange patina at the margins and brighter, sharply lustrous centers. Just eight pieces are certified numerically finer by NGC (8/14). Ex: Eric P. Newman Numismatic Education Society.
Realized $38187.50. Description courtesy of Heritage Auctions.