1807 Bust Right $5.00 PCGS MS63 CAC, OGH

Bust Right variety. BD-1, High R-4. Small Reverse stars; the only one of the six half eagles struck this year with this reverse and a distinct naked-eye variety as such. Old Green Holder. A stunning, semi-prooflike example with deep natural yellow gold color seen over the partially reflective fields. Well struck and well made with no significant abrasions or mint-made planchet issues; nicely detailed at the centers and borders with most of the fine design elements showing nearly full clarity. This piece is housed in an old holder and it was last graded at least two decades ago. Unlike so many Bust Right half eagles in MS63 holders, it hasn't been dipped or enhanced and it has really exceptional overall eye appeal. While common in the lowest Uncirculated grades, the 1807 Bust Right becomes rare in properly graded MS63 and it is extremely rare above this with just five finer at PCGS (four in MS64 and a single MS65). The last MS63 to trade at auction was an NGC coin (Heritage 1/12: 4855) which was not CAC approved and which was not high end for the grade; it brought $21,850. You have to go all the way back to the Superior 1/06 sale to find a PCGS MS63 at auction; that coin brought $20,700. Given the fact that the present example is PCGS graded graded, CAC approved and in an old green label holder (quite a triumverate!), I think it is worth at least a 20% premium above the above-referenced NGC example. As of 1/12, only three 1807 Bust Right half eagles graded MS63 have been approved by CAC with two finer than this. A great example for an advanced type set or date run of early half eagles.