Coin Specifications

Category: Draped Bust $5 (1795-1807)
Mint: Philadelphia
Mintage: 24,867
Catalog: KM-28
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Gold
Fineness: 0.9160
Weight: 8.7500g
AGW: 0.2577oz
Melt Value: $326.56 (9/2/2014)
Diameter: 25mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1798 SMALL 8 LG EAGLE $5 MS obverse 1798 SMALL 8 LG EAGLE $5 MS reverse


  
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Description & Analysis

The half eagles of 1798, befitting their utilitarian status in the United States' burgeoning economy of the era, are known in several different die varieties. The estimated mintage of 1798 half eagles is nearly 25,000 coins--a considerable number that understandably required multiple dies to accomplish the full production.

The transition from Small Eagle to Heraldic Eagle reverses on U.S. coinage began in 1796, and by 1798 most coins bore the Large or Heraldic Eagle reverse. (The 1795 and 1797/5 Heraldic Eagle fives are believed to have been struck in 1798.) The Small Eagle fives dated 1798 (BD-1) are great rarities, only seven examples are known of the single variety. The 1798 Heraldic Eagle fives are found in seven different Bass-Dannreuther varieties, most of them single pairings, with only the BD Obverse 2 used twice (for BD-3 and BD-4). The BD-2 variety is popular because its Obverse 1 was first used to make the BD-1 Small Eagle pairing, then remated with Reverse A for the 1798 Large Eagle. The BD-2 through BD-5 marriages are called Large 8, for their larger 8's in the obverse date (three different dies). BD-6 through BD-8 are called Small 8 in the Guide Book, but Bass-Dannreuther call them Normal 8. (The Guide Book lists three subtypes for the Large Eagle reverses: Small 8, and Large 8 with 13 Star Reverse or 14 Star Reverse.)

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 8/28/2014

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1798 SMALL 8 LG EAGLE $5 MS
  GVGFVF4045505355586061626364656667686970
Base $ 2500 3300 6000 8000 12750 12750 20500 23000 25000 27500 33500 39500 57500 87500 155000 - - - - - -
$ 15000 - - - - - - - - - - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 23
Low Grade: 40
Average Grade: 55
High Grade: 63


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/9/2008 PCGS AU 50   Heritage Auctions 2008 January Orlando, FL (FUN) Signature Coin Auction #454, 454/Lot# 3136 $29,900.00
2/4/2009 NGC MS 61   Heritage Auctions 2009 February Long Beach, CA Signature US Coin Auction #1122, 1122/Lot# 2658 $28,175.00
7/31/2009 NGC MS 61   Heritage Auctions 2009 August Los Angeles, CA US Coin Auction #1128, 1128/Lot# 1249 $24,150.00
1/5/2011 NGC AU 53   Heritage Auctions 2011 January Tampa FUN Signature & Platinum Night US Coin Auction Session(3), 1151/Lot# 5080 $14,950.00
8/15/2011 NGC MS 61   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 7652 $23,000.00
2/2/2012 NGC MS 61   Heritage Auctions 2012 February 2-5 US Coins Signature Auction- Long Beach Session(3), 1167/Lot# 4749 $23,000.00
3/21/2013 PCGS XF 45   Heritage Auctions 2013 March 21 -22 & 24 US Coin Signature Auction - Dallas Session(3), 1183/Lot# 4210 $12,337.50


NGC Registry

NGC Registry Score 1798 SMALL 8 LG EAGLE $5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base2464275431544160483157716164651871267484796682598925105151159513899158101790920207227172545128420
256028873489438351445902628267207245764480638481945510875123631453616509186752104323628264400
00000062826720724576448063848194551087512363145361650918675210432362800
00000064006923736478058161870399851123513131151731720919441218802453900
1798 SMALL 8 LG EAGLE $5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base2585288532994338503059976402676673917758825385549237108671197414332162861843120778233392612729154
268530233645456853526132652369747513792383538781978011236127601498317001192132163124268271360
00000065236974751379238353878197801123612760149831700119213216312426800
000000664471827635808884539009103231160513546156341771619995224852519700
Registry Image Gallery
Grade: AU 55
Points: 7484
Owner: American Independence Collection
 
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