1798 Large 8, 13 Stars Reverse $5.00 PCGS EF45

BD-5, High Rarity-5. Die State C with a massive terminal crack on the obverse that starts at the rim above star seven, runs through the entire length of the portrait and through the 8 in the date and ends at the rim at 5:00. The 1798 is the most affordable half eagle from the 18th century and this makes it extremely popular with collectors. There are a host of varieties and it is among the most fascinating early gold issues in my opinion. This is an extremely choice example for the grade with good detail and attractive rich reddish color on the obverse and reverse. The central reverse is weak as always seen on the late die state of this variety; when you look at how massive the aforementioned obverse crack is, you will understand why there is not much detail at the central reverse. I think PCGS was spot-on in assigning this coin an EF45 grade but it is much nicer than most 1798 half eagles in 45 holders. The last APR for a PCGS EF45 was in Heritage 2004 ANA sale and the last I saw, in the inventory of a knowledgeable Southern dealer, was not as nice and priced to me at $13,500. Coins like this are in great demand and once this is sold, who knows when another will become available?