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1860 $5 PR66 Cameo NGC....
Lot: 2579,
Auction: 2008 February Long Beach, CA Signature Coin Auction #460
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| Sold for: |
$109,250.00
(includes BP
 )
Bid Source: Internet |
| Ended: | Feb 14, 2008 |
| Item Activity: |
7 Internet/mail bidders
765 page views |
Description:
Sumptuous 1860 Half Eagle, PR66 Cameo
1860 $5 PR66 Cameo NGC. Despite a stated mintage of 62 proofs, the 1860 five dollar gold is far more elusive in proof format than that figure would suggest. As Akers noted in his work on the denomination, the majority of pieces likely never left the Mint. A similar pattern appears for the 1859 and 1861 proof half eagles as well; the mintages appear high, yet those two issues are similarly elusive. In 1862, production of proof fives fell to 35 pieces, which was likely much closer to the number of specimens actually sold.It is perhaps unsurprising that the Mint would make a miscalculation of this kind, as proofs were not offered to the general public until 1858. The Mint, not knowing what demand would be, likely overproduced the issue and subsequently melted the unsold remainders. The attrition of almost a century and a half claimed a number of others, and Garrett and Guth, in their 2006 work on American gold coinage, stated that "probably about 10 examples" remain today, several of which are impounded in museum collections. The number of specimens available to private collectors is very small, and the issue is an extreme rarity in the numismatic marketplace. As stated by Garrett and Guth, "It can sometimes be years between the offerings of an 1860 half eagle in Proof."
The elegant Premium Gem offered here displays excellent contrast, a hallmark for the 1860 proof half eagles, and strong visual appeal. The strike is bold, and while the surfaces show a few tiny flaws (such as a small depression in the left obverse field), the overall visual appeal is remarkable, particularly when one considers the early issue. This specimen is the lone finest Cameo example certified by NGC (1/08), and it is immensely desirable as such.
From The Southwest Collection.(Registry values: P6) (#88450)
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Shipping Description: Coins & Currency (view shipping information)
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Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1110, Lot 2037 | Sunday, June 29, 2008 | 66 | NGC | $109,250.00 |
| 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.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
||
|---|---|---|---|---|---|---|---|---|
| 65 | --- | --- | --- | --- | --- | --- | ||
| 66 | --- | --- | --- | --- | --- | --- | ||
| 67 | --- | --- | --- | --- | --- | --- | ||
| *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 | 66 | 0* | 0* | 0 | 0 | |
| NGC | 66 | 1 | 0 | 4 | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auction Galleries. | ||||||
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