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1910 $5 PR67 NGC....

Lot: 2606, Auction: 2008 February Long Beach, CA Signature Coin Auction #460

Sold for: $63,250.00 (includes BP )
Bid Source: Live: Floor
Ended: Feb 14, 2008
Item Activity: 5 Internet/mail bidders
951 page views

Description:

Spectacular 'Roman Finish' PR67 1910 Five Dollar

1910 $5 PR67 NGC. The special nature of Roman Finish gold is not generally appreciated by collectors. When the Mint switched from the traditional brilliant finish to the matte finish in 1908, it was a rough transition. Apparently collectors were caught by surprise when the switchover occurred. Their general displeasure is best seen by the numbers minted in the two years: 167 proofs in 1908 vs. 78 in 1909. Collectors were not silent about their displeasure either. Editorials appeared in The Numismatist and a resolution was sent by the ANA Board to the Mint in 1908.
The Mint attempted to placate collectors by altering the finish in 1909 and subsequently in 1910. The finish on these pieces lacked the sandblasting seen in 1908. Rather, the coins were struck from special blanks and special dies, but there was no post-striking treatment. The result was a "bright" proof, as Mint personnel termed it.
This new finish was not appreciated by collectors either. In fact, it was disliked even more than the previous matte finish, particularly because the coins were not easily distinguishable from circulation strikes. This negative reaction had Mint officials jumping through hoops once again, and in 1911 they reverted to the matte finish. But for two years, proof gold was struck with this special process, so minimal it was almost a non-process. Special blanks and special dies created bright, shimmering coins. To the untrained eye, they do appear superficially like circulation strikes--except for the razor-sharp definition and uniformly bright surfaces.
The surfaces on this piece are bright yellow-gold with a fine-grain texture to the surfaces. We see no obvious or mentionable defects on either side of this magnificent coin. A rare opportunity to acquire an Indian half eagle struck in this rare, two-year proofing process. Census: 5 in 67, 4 finer (1/08).
From The Southwest Collection.(Registry values: N10218) (#8541)

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Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 422, Lot 3131 Saturday, January 6, 2007 67 NGC $57,500.00
Auction 394, Lot 3513 Saturday, January 7, 2006 67 NGC $63,250.00
Auction 175, Lot 7735 Saturday, August 2, 1997 67 NGC $39,100.00
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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.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
66 --- $60,750 $45,000 $41,500 $41,500 $90,000
67 --- $78,980 $58,500 $54,500 $54,500 $125,000
68 --- --- --- --- --- ---
*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 67 1* 0* 26 250 Bela Lyon Pratt
NGC 67 5 4 48
*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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Proof Indian Half Eagles, 1910 $5 PR67  NGC....


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Proof Indian Half Eagles, 1910 $5 PR67  NGC....


Proof Indian Half Eagles, 1910 $5 PR67  NGC....

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