Ok, I also like AU-53.
I agree, this attribution is bit tricky.
All the O-111s I've seen have a partial obliteration of the motto (E PLURIBUS UNUM) on the reverse. Yours does not. I also don't see the die cracks that are supposed to be under the date and up the left side to all left side stars (1-7) and then another die crack joining stars 8-10. And all the other examples I've seen of this attribution have much more elongated stars on the obverse than yours.
So...
I have to conclude you have a VERY early die state (EDS) of O-111 (Obverse 7, O-111 being the only use of this die in 1831) before the cracks propagated, before the die wore & the stars became much more elongated than yours and grease obliterated the motto (Reverse H).
Nice challenge!

(Of course, I could be wrong, but I don't think so. I spent a LOT of time trying to puzzle this out!)
Edited by Moe145
02/21/2012 08:17 am