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Lot
997

1913 5C Type Two PR68 PCGS....

2008 December Houston, TX Signature Coin Auction #1118

 
Sold for: $63,250.00 (includes BP )
Bid Source: Live: Floor bidder
Auction Ended On: Dec 5, 2008
Item Activity: 11 Internet/mail/phone bidders
3,258 page views
Description:
Captivating 1913 Type Two Five Cent, PR68
1913 5C Type Two PR68 PCGS. Buffalo nickel proof coins were struck for sale to collectors from 1913 through 1916, and again in 1936 and 1937. The proof five cent pieces of 1913-1916 are commonly known as "matte" proofs, but as David Lange writes in his third edition of The Complete Guide to Buffalo Nickels, this terminology is misleading. Lange states: "True matte proofs have a somewhat dull finish. The proof nickels of 1913-16, like the cents of those years, actually possess a satin finish."
These satin-finish coins were not especially popular among collectors. Lange says:

"They longed for the striking contrast between brilliant fields and frosted relief that typified our nation's proof coinage during the 19th Century. The previous type of five-cent piece had been issued in this fashion, but the textured fields and sharply basined dies of Fraser's nickel made this brilliant style of proofing impractical."

However sharply defined the proof nickels of 1913-16, the lack of the traditional finish negatively impacted sales. Mintages declined steadily (from slightly over 1,500 pieces for each of the 1913 varieties, to 600 for the 1916 issue). Many of these proof coins were apparently spent, and a number were likely melted..
The luminous surfaces of this PR68 survivor are bathed in an array of pastel powder-blue, yellow-gold, and lavender patination. A well executed strike leaves crisp definition on the design features, and both sides are immaculately preserved. It is hard to imagine that the captivating eye appeal of this piece would be exceeded. Population: 4 in 68, 0 finer (10/08).
(Registry values: N4719) (#3990)

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Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1124, Lot 2169 Sunday, May 3, 2009 68 PCGS $46,000.00
Auction 388, Lot 2045 Saturday, November 5, 2005 68 PCGS $37,375.00
Auction 408, Lot 876 Saturday, June 3, 2006 68 NGC $10,350.00
Auction 308, Lot 6248 Saturday, January 11, 2003 68 NGC $7,187.50
Auction 263, Lot 7945 Thursday, May 31, 2001 68 NGC $5,750.00
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Friday, August 12, 2005 68 PCGS $66,700.00
Unconfirmed Friday, July 22, 2005 68 PCGS $8,625.00
Unconfirmed Thursday, April 7, 2005 68 NGC $8,050.00
Unconfirmed Thursday, March 10, 2005 68 PCGS $39,100.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
67 --- $5,530 $4,250 $3,850 $4,000 $6,000 $8,500
68 --- $21,450 $16,500 $12,500 $15,500 $55,000 ---
69 --- --- --- --- --- --- ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 1,514  
NGC 68 5 0 234 -
CAC 68 3 0 29 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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