1909-O $5 MS63 NGC....

Description

1909-O Five Dollar, MS63
Major Absolute and Condition Rarity

1909-O $5 MS63 NGC. The 1909-O half eagle is one of the rarest regular issue coins from the 20th century. Only 34,200 pieces were issued in this final year of production in the New Orleans mint. While occasionally available in VF through AU grades, the number of Uncirculated pieces is always in extremely short supply. In fact, the number certified in mint condition can only be compared to the legendary 1929.
It is interesting to compare and contrast the 1909-O and the 1929. Both are major rarities, but each for different reasons. The 1929 has even fewer Uncirculated coins known. It also has far fewer examples extant in all grades and is all but unknown in circulated condition. The 1929 had a significant mintage of 662,000 pieces, but virtually the entire production was melted and today we are left with an estimated 100 or so examples. The 1909-O, on the other hand, apparently was just not saved. Obviously a few were, but others wore out in circulation, some were melted during the 1930s, and others were exported to Europe. As a result, the 1909-O is an attention-grabber in Uncirculated grades. NGC has only certified 127 coins in mint condition, and PCGS has graded a paltry 59 pieces in Uncirculated. In MS63 NGC has only certified six other pieces, and 16 have been graded higher (1/10).
This is an extraordinarily attractive example of this major rarity. The surfaces are obviously original with each side showing intermixed reddish-gold and lilac patina. As usually seen, the strike is strong throughout with even the lowest feather in the headdress showing almost complete definition. A few small, inconsequential field marks are seen on each side, the most obvious are a small cluster in the reverse field below AM in AMERICA. Specialists in this highly collectible and challenging series will appreciate the opportunity presented by this exceptionally high grade, key issue.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 25ZK, PCGS# 8515, Greysheet# 9320)

Weight: 8.36 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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