Coin Specifications

Category: Patterns & Trial Coins (1792-1863)
Mint: Philadelphia
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1797 J-24 MINT DEFACED $5 PF obverse 1797 J-24 MINT DEFACED $5 PF reverse
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Description & Analysis

Judd-24, Pollock-40, Unique.

Design. Both obverse and reverse dies were used to strike 1797 Small Eagle BD-4 half eagles. The berry on the right side of the wreath on the reverse is inside the wreath, the key diagnostic of the extremely rare BD-4 variety. Struck in copper with a reeded edge.

Commentary. This issue is an original die trials piece from 1797. It was defaced at the Mint to prevent possible counterfeiting (it would be a simple matter to gild the piece, and five dollars was a lot of money in 1797). Miraculously preserved, this piece has been known to numismatists since the 1890s. The dies were used to strike an extremely rare variety of 1797 half eagle, BD-4, with only a single example known today. The BD-4 variety was unknown until Robert P. Hilt discovered a specimen in the Byron Reed Collection in 1972. Harry Bass purchased that coin at the sale of the Byron Reed Collection (Spink, 10/1996), lot 99, and it now resides in the Harry Bass Research Foundation. Because of this unique copper pattern, the BD-4 reverse die was known to the numismatic community for almost a century before the single gold example was discovered. Unique, the only specimen known.

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


GRADE SUMMARY

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Price Guide

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NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 1
Low Grade: 50
Average Grade: 50
High Grade: 50

The chart showing 50 series.
NGC CENSUS DETAIL Last Updated: 4/13/2021 1797 $5 J-24 MINT DEFACED PF BN
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------1--------------1
-----------------------
-----------------------
-----------------------
Total-------1--------------1
 -------100%-------------- 

NGC Registry

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.