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Lot
2059

1883 $5 PR66 Ultra Cameo NGC....

2008 December Houston, TX Signature Coin Auction #1118

 
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Auction Ended On: Dec 5, 2008
Item Activity: 4 Internet/mail/phone bidders Number of Bidders
2,514 page views
Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
Second Finest 1883 Half Eagle
PR66 Ultra Cameo
1883 $5 PR66 Ultra Cameo NGC. We believe that the present example is the second finest proof 1883 surviving from an original mintage of just 61 coins. Probably less than 20 of those are known today, mostly in lower quality. Jeff Garrett and Ron Guth discuss this issue in their Encyclopedia of U.S. Gold Coins: "The mintage figures for Proof Liberty half eagles creep up slightly each year starting in 1990; however, the survival rate goes down. This issue is of similar rarity to that of other, lower-mintage issues. There are fewer than 20 coins traceable today, including those in museum collections. Because of the scarcity of this issue, the opportunity to acquire an example of the date in Proof seldom occurs."
We have compiled a preliminary roster that includes 14 distinctly different specimens:

PR67 Deep Cameo PCGS. Paramount (9/1971), lot 1539; Harry W. Bass, Jr. Collection (Bowers and Merena, 11/2000), lot 547; American Numismatic Rarities (3/2004), lot 1459.
PR66 Ultra Cameo NGC. The present specimen. Earlier from Superior (5/1993), lot 1503.
PR65. Thomas Melish (Abe Kosoff, 4/1956), lot 2194; Norweb Collection (Bowers and Merena, 10/1987), lot 913; Stack's (10/1988), lot 94; Stack's (3/1994), lot 1519.
PR65 PCGS. U.S. Coin Co. (1915); Clapp Collection (1942); Eliasberg Collection (Bowers and Ruddy, 10/1982), lot 560; Heritage (11/2003), lot 7595.
PR64 Deep Cameo.
Smithsonian Institution.
PR64 Cameo NGC J.C. Morgenthau (5/1939), lot 261; Floyd T. Starr Collection (Stack's, 10/1992), lot 1209; Bowers and Merena (3/1993), lot 1397; Heritage (8/1993), lot 7370; Heritage Bullet (10/1993), lot 418.
PR64 NGC. Auction '84 (Stack's, 7/1984), lot 1439; Ed Trompeter Collection (Superior, 3/1992), lot 164; Heritage.
PR64 PCGS. Walter H. Childs Collection (Bowers and Merena, 8/1999), lot 747.
Proof. Garrett Collection (Stack's, 3/1976), lot 478.
Proof. New Netherlands Coin Co. (5/18/1948); Harold S. Bareford (Stack's, 12/1978), lot 198.
Proof. Amon Carter Collection (Stack's, 1/1984), lot 696.
Proof. N.M. Kaufman Collection (RARCOA, 8/1978), lot 847.
PR60. Bowers and Merena (1/2000), lot 384.
Proof. American Numismatic Society.

This example is an amazing Ultra Cameo proof with bright yellow surfaces. The devices are fully brilliant and lustrous, with deeply mirrored fields on both sides. A few tiny planchet flakes are evident, and serve as ideal pedigree markers.(Registry values: P3) (NGC ID# 28CL, PCGS# 98478)

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