Small 8 variety. BD-1, High R-4. Old NGC Fatty holder.
Although it gets no premium over dates such as the 1802/1 and 1803/2, the 1804 is a scarcer Capped Bust Right half eagle with far fewer appearances at auction. It is not often seen in grades above AU53 to AU55 and properly graded AU58 pieces are tough to locate.
This very sharply struck example shows just the slightest trace of wear on the cheek of Liberty. Both sides are toned to a deep natural orange-gold hue and there is a reverse toning spot at the eagle’s left wing which serves as ready identification. On the obverse, between the tenth and eleventh stars, there is a thin mint-made grease stain; the rest of the surfaces are very clean and this is truly a “gem slider.”
The last AU58 1804 Small 8 half eagle to sell at auction was a non-CAC example which brought $11,750 as Heritage 8/12: 5348. In Stacks Bowers 11/11 sale, a non-CAC example sold for $12,650. Only six have sold at auction since the beginning of 2009.
It is interesting to note that the percentage of 1804 half eagles which have been approved at CAC is much lower than other dates from this era and, in my opinion, the 1804 should sell for at least a 10% premium.
CAC has approved seven in this grade with 15 finer.
|Grade||NGC AU58 CAC|
|PCGS Lookup Number||8085|