1908 $5 MS66 PCGS. CAC....

Description

Pristine 1908 Indian Five, MS66

1908 $5 MS66 PCGS. CAC. Bela Lyon Pratt developed the unusual sunken Indian Head design for the quarter eagles and half eagles introduced in 1908. The design work is such that the highest point of the motifs is at the same level as the surrounding fields. At one time, Pratt had actually studied under the tutelage of Augustus Saint-Gaudens. Regarding his design, Jeff Garrett and Ron Guth observe: "Pratt's bold and dynamic incuse designs were sunk into the coin, as opposed to raised by the dies, a new concept for regular-issue coinage of the U.S. Mint." The word "incuse" is often associated with these coins, but technically it is incorrect. The actual design is raised, but then sunk below the surrounding surfaces.
Dr. William Bigelow was a friend of Pratt, and he was also a friend of President Theodore Roosevelt. It was through Bigelow's efforts that Pratt was selected to prepare the new Indian design for the quarter eagle and half eagle gold coins. Both denominations first appeared in 1908 and continued until 1929, with various intermissions during the time span. The design had its critics who came up with some imaginative reasons that it should not be produced. Among the most imaginative: The design would trap germs and disease-bearing dirt, proving unhealthy.
This amazing Premium Gem is boldly detailed and fully brilliant with impressive light yellow luster. The surfaces are essentially pristine without any visible blemishes on either side. Population: 16 in 66, 1 finer (1/09).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 28DE, PCGS# 8510, GSID# 9308)

Metal: 90% Gold, 10% Copper
Weight: 8.36 grams
AGW: 0.24188oz
Mintage: 577,800

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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