DESCRIPTION The Finest Known 1796/5 Half DimeParmelee (1890) - Garrett (1979) - Hayes (1985)1796/5 Draped Bust Half Dime. Logan McCloskey-2. Rarity-6. Mint State-66 (PCGS).
A simply remarkable half dime, displaying a visual appeal and sharpness of strike that is unmatched among specimens from these dies. The reverse is boldly reflective, showing extreme contrast between the bright lustrous fields and the exquisitely rendered devices. The eagle is anatomically complete, with a fine eye, full chest feathers, well defined feet and talons, and crisp nostril and tongue. The reverse is mostly brilliant with peripheral areas of champagne gold and deeper plum. The obverse is thoroughly lustrous, not reflective but full of lively frost. The strike is exceptional, though some spare vestiges of central planchet adjustment are visible at the center of Liberty's hair. The fields have an overall even gold tone, deepening to blue and violet in some areas near the rim. A short curved lint mark is present at the furthest point of star 15. Study reveals scant hairlines and just a single flaw, a short scratch off the bust in the field near star 14. The overdate is easy to see under low magnification.
A rare coin blessed with a magnificent provenance. That this coin would grace both the Parmelee and Garrett cabinets should help explain its importance: it is beyond a doubt the finest example from these dies, two points better than the Eliasberg specimen (earlier from the legendary Clapp Collection).PCGS# 38595
.NGC ID: 22ZY
PCGS Population: 1, none finer. (1796/5, LM-2)Ex Lorin G. Parmelee Collection; New York Coin and Stamp Company's sale of the Lorin G. Parmelee Collection, June 1890, lot 728; John Work Garrett Collection; John Work Garrett to The Johns Hopkins University, by gift, 1942; Bowers and Ruddy's sale of the Garrett Collection, Part I, November 1979, lot 229; Dr. Herb Ketterman Collection; Jimmy Hayes Collection, by sale; Stack's 50th Anniversary sale of the Jimmy Hayes Collection of United States Silver Coins, October 1985, lot 5; John Whitney Walter Collection; Stack's sale of the John Whitney Walter "Mr. 1796" Collection of the Coins of 1796, May 1999, lot 1761; Essex Palm Collection; Heritage's sale of January 2007, lot 842; The Madison Collection; Heritage's sale of January 2008, lot 2743; our/Sotheby's sale of the D. Brent Pogue Collection, Part I, May 2015, lot 1007.