Coin Specifications

Category: Draped Bust $5 (1795-1807)
Mint: Philadelphia
Mintage: 24,867
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Gold
Fineness: 0.9160
Weight: 8.7500g
AGW: 0.2577oz
Melt Value: $365.61 (7/22/2019)
Diameter: 25mm
Edge: Reeded
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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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Price Guide

Last Updated: 4/15/2019

Click on a price to see historical prices, comparison charts and trends.

1798 LARGE EAGLE $5 MS
  GVGFVFXF505355586061626364656667686970
Base $ - - 4750 9050 13900 16900 17500 19400 21800 25500 29000 38500 70000 182500 - - - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 61
Low Grade: VF
Average Grade: 55
High Grade: 64

The chart showing VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series.
NGC CENSUS DETAIL Last Updated: 7/16/2019 1798 LARGE EAGLE $5 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----33455111514532------61
-----------------------
-----------------------
-----------------------
Total----33455111514532------61
 ----5 %5 %7 %8 %8 %18 %25 %2 %7 %8 %5 %3 %------ 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
8/7/2000 PCGS XF 45   Heritage Auctions Philadelphia 2000 #232, 232/Lot# 7206 $3,565.00
9/4/2011 NGC Details XF Details  Goldberg September 4-6, 2011 The Pre-Long Beach Auction, 65/Lot# 2020 $2,415.00
5/25/2014 PCGS AU 58   GreatCollections GreatCollections Coin Auctions 05/25/2014, 183/Lot# 194056 $20,130.00
8/8/2014 PCGS   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 4338 $2,115.00
9/4/2014 NGC AU 53   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(1), 1209/Lot# 3396 $12,925.00
11/6/2014 PCGS AU 55   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(2), 1211/Lot# 3966 $19,975.00
1/4/2017 PCGS VF 25   Heritage Auctions 2017 January 4 - 9 FUN US Coins Signature Auction - Session(6), 1251/Lot# 6727 $5,875.00


NGC Registry

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