1818 $5 STATESOF (Regular Strike)

Series: Capped Bust $5 1807-1834

PCGS MS66

PCGS MS66

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STATESOF Detail

STATESOF Detail

PCGS MS64

PCGS MS64

PCGS #:
8121
Designer:
Robert Scot & John Reich
Edge:
Reeded
Diameter:
25.00 millimeters
Weight:
8.75 grams
Mintage:
48,588
Mint:
Philadelphia
Metal:
91.7% Gold, 8.3% Copper
Major Varieties

Die Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 105 R-7.9 21 / 22 32 / 42
60 or Better 52 R-8.4 19 / 22 TIE 31 / 42 TIE
65 or Better 3 R-9.8 12 / 22 TIE 19 / 42 TIE
Survival Estimate
All Grades 105
60 or Better 52
65 or Better 3
Numismatic Rarity
All Grades R-7.9
60 or Better R-8.4
65 or Better R-9.8
Relative Rarity By Type All Specs in this Type
All Grades 21 / 22
60 or Better 19 / 22 TIE
65 or Better 12 / 22 TIE
Relative Rarity By Series All Specs in this Series
All Grades 32 / 42
60 or Better 31 / 42 TIE
65 or Better 19 / 42 TIE

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS66 PCGS grade

Norman Stack Type Set, purchased before 1986 - Stack’s - Eric Streiner - Mark Yaffe & Kenneth Goldman - Superior 8/1991:712 - Jay Parrino, sold privately circa 1994 - Hanks & Associates - Great Lakes Collection - Larry Hanks, sold privately in 3/2002 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 2/2016:3151, $211,500

2 MS64 PCGS grade
2 MS64 PCGS grade

Palakika Collection - Heritage 5/2007:2289, $109,250

2 MS64 PCGS grade
2 MS64 PCGS grade
2 MS64 PCGS grade
2 MS64 PCGS grade
8 MS63+ PCGS grade
9 MS63 PCGS grade

Heritage 10/2012:5837, $44,062.50

10 MS62 PCGS grade
#1 MS66 PCGS grade

Norman Stack Type Set, purchased before 1986 - Stack’s - Eric Streiner - Mark Yaffe & Kenneth Goldman - Superior 8/1991:712 - Jay Parrino, sold privately circa 1994 - Hanks & Associates - Great Lakes Collection - Larry Hanks, sold privately in 3/2002 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 2/2016:3151, $211,500

#2 MS64 PCGS grade
#2 MS64 PCGS grade

Palakika Collection - Heritage 5/2007:2289, $109,250

#2 MS64 PCGS grade
#2 MS64 PCGS grade
#2 MS64 PCGS grade
#2 MS64 PCGS grade
#8 MS63+ PCGS grade
#9 MS63 PCGS grade

Heritage 10/2012:5837, $44,062.50

#10 MS62 PCGS grade
Ron Guth:

The 1818 $5 STATESOF variety is so-named because of the closeness of the two words STATES OF on the reverse, such that they appear to be one word. This was purely an error on the engraver's part -- he started the word STATES in an acceptable position but spaced the letters way too far apart (compare the distance of the A in STATES from the surrounding T's with the tight spacing of the A and M of AMERICA). On the so-called "Normal Dies" variety (BD-1), the engraver started the word STATES in the same position (above the P of PLURIBUS), but spaced the lettering closer so that STATES and OF are properly separated. On the 5D/50 variety (BD-3, now known as 5 I over D), the engraver started the word STATES much farther to the left and spaced the letters normally, but this left a huge gap between STATES and OF.

As Akers noted decades ago, the three varieties of 1818 are of roughly the same rarity; all are very scarce to rare. The STATESOF variety is the least scarce by a small margin. Numerous Mint State examples exist, led by the PCGS MS66 from the Pogue Collection (sold in 2016 for a record $211,500 for the variety).