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: $308.23 (12/28/2014)
Diameter: 25mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1798 LARGE EAGLE $5 MS obverse 1798 LARGE EAGLE $5 MS reverse


  
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Description & Analysis

The 8 used for the date punch is larger than most other dies of the year, and the reverse sports fourteen stars over the eagle instead of the expected thirteen. This was not a case of an additional star being added to the original thirteen as new states joined the union, as there were already fifteen states when the first heraldic eagle dies were engraved in late 1795. No, simple mathematics played a part, the engraver simply put too many stars in the die. Thus a naked eye type coin was created and in this case a rather scarce one at that. Estimates of the number of coins from this die pairing range from about 30 to perhaps a few more, but regardless of the exact number, this is an important rarity in high grade.

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


GRADE SUMMARY

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Census

 
NGC GRADE SUMMARY

Total Graded: 63
Low Grade: VF
Average Grade: 55
High Grade: 64


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/28/2009 NGC MS 61   Heritage Auctions 2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124, 1124/Lot# 2708 $32,200.00
6/17/2010 NGC XF 40   Stack's Bowers The June 2010 Baltimore Auction, 41/Lot# 3611 $3,513.25
1/3/2012 NGC MS 61   Heritage Auctions 2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando Session(5), 1166/Lot# 4656 $27,600.00
1/29/2012 NGC Details AU Details  Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 1450 $17,538.00
11/10/2013 PCGS Genuine AU   GreatCollections GreatCollections Coin Auctions 11/10/2013, 100/Lot# 116870 $12,658.80
1/8/2014 NGC AU 50   Heritage Auctions 2014 January 8 - 12 FUN US Coin Signature Auction - Orlando Session(5), 1201/Lot# 6583 $12,337.50
1/8/2014 NGC AU 50   Heritage Auctions 2014 January 8 - 12 FUN US Coin Signature Auction - Orlando Session(5), 1201/Lot# 6584 $12,925.00


NGC Registry

NGC Registry Score 1798 LARGE EAGLE $5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base26993009360544475379623869637570969410705119171259413323137231561717697199762246525176281223131734772
28023207388547575665647971658278100311110912142128371345614354163101845620805233682615829187324680
0000007165827810031111091214212837134561435416310184562080523368261582918700
0000007367898610368115131236813080135891498517003192162163524272271403025200
1798 LARGE EAGLE $5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base282831493765463455946478722378471002611062123041299713743141521608918214205412308225847288503210535623
29353354405449545888672674318573103711147612535132451387914797167971898921388240032684829935332770
0000007431857310371114761253513245138791479716797189892138824003268482993500
0000007639929910716118901276613494140151544317505197652223524925278493102000
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