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1908 $5 PR66 NGC. CAC....
Lot: 2605,
Auction: 2008 February Long Beach, CA Signature Coin Auction #460
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| Sold for: |
$41,688.65
(includes BP
 )
Bid Source: Live: Floor |
| Ended: | Feb 14, 2008 |
| Item Activity: |
4 Internet/mail bidders
669 page views |
Description:
Exceptional PR66 1908 Five Dollar Indian
1908 $5 PR66 NGC. CAC. The Bigelow-Pratt design for the quarter eagle and half eagle was publicly commented upon by the designer at a lecture in Boston in January 1909. Part of this lecture reflects how poorly his design was received by the Mint (reminiscent of the Saint-Gaudens/Henry Hering struggles with Mint officials in 1907), and it also presents the reasoning behind the recessed relief on these coins." ... We soon knew that we had a very good design: Mr. Roosevelt said so. The models were sent to the Mint and there slaughtered after the manner in which the Mint always treats designs. They milled the edge, chopped off the margin, re-modeled the feathers and did other things ...
" One of the principal advantages of this coin is that it is nearly friction proof, as nearly so as a coin can be made; the background being slightly above the level of the relief, the broad surfaces of the background taking all the wear and being perfectly smooth, the friction loss is very slight ..."
Collectors in 1908 received a double surprise when they ordered proof gold coins from the Mint. Not only did they receive revolutionary new designs on the quarter eagle and half eagle, but all the coins were struck with a new matte finish rather than the traditional brilliant finish. While 167 proofs seems very low by today's standards, it was almost double the number of proof fives struck the previous year. However, the new matte finish proved unpopular with collectors, and the number produced dropped to only 77 pieces in 1909.
This is a splendid example of the matte proofing process. The surfaces are deep in color and show the coarse granularity proofs from this year are known for. The only surface disturbance of consequence is a hairline-thin mark across the cheek of the Native American. An exceptionally pleasing example of this first-year issue.
From The Southwest Collection.(Registry values: N7079) (#8539)
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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 192, Lot 6971 | Saturday, September 26, 1998 | 66 | NGC | $39,100.00 |
| Auction 454, Lot 3232 | Saturday, January 12, 2008 | 66 | PCGS | $60,375.00 |
| Auction 422, Lot 3599 | Saturday, January 6, 2007 | 66 | PCGS | $48,875.00 |
| Auction 320, Lot 8345 | Wednesday, July 21, 2004 | 66 | PCGS | $31,050.00 |
| Auction 21114, Lot 4473 | Tuesday, November 27, 2001 | 66 | PCGS | $25,000.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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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 | $42,500 | $45,900 | $34,000 | $31,000 | $31,000 | $40,000 | ||
| 66 | --- | $58,730 | $43,500 | $38,500 | $39,500 | $55,000 | ||
| 67 | --- | $68,180 | $50,500 | $45,500 | $46,500 | $100,000 | ||
| *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 | 11* | 1* | 58 | 167 | Bela Lyon Pratt |
| NGC | 66 | 30 | 12 | 90 | ||
| *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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