I do not recall another CAC approved specimen of this rare die pair – in any grade! Unlike the deadly common 1806 over 5 O.101, 102 and 103, the O.104 features a distinct remnant of the underdate within the loop of the 6. The obverse die was used in 1805, on the 1805 O.105 and O.106. All other overdated bust halves were struck on leftover, unused dies from previous years. Of equal interest are the obverse and reverse cuds. Obverse die breaks from star 11 to tip of bust to rim create a retained cud. A full cud has formed over UN on the reverse. (Tompkins Die State 4.) The coin has even, light to medium grey toning. Striking weakness is mandatory since both dies saw extensive use in 1805. Flickers of luster survive around the reverse devices. Circulation ticks are standard for the assigned grade, nothing worth mentioning. Estimate: $1,500 to $2,500
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Sheridan Downey, Numismatist 4400 Keller Ave.,
Suite 140, PMB 398 Oakland, California 94605 sdowney3@aol.com (510) 479-1585