Press Release - April 8, 2005

Heritage to Offer Rare Proof 1867 Nickel!

Dallas, Texas: Heritage Numismatic Auctions, Inc (HNAI) will offer an 1867 Five-Cent Rays PR66 Cameo PCGS, in their upcoming Signature Auction, to be held May 4-7, 2005 as part of the Central States Numismatics Society convention to be held in St. Louis, MO.

"The original proof strikings of this coin appear to date from February 8, 1867," said Greg Rohan, President of HNAI, "and it seems that no more than 10 pieces are extant today out of the 25 proofs struck on that date, making this a very rare and desirable piece."

"There are a number of diagnostics, as published two years ago by John Dannreuther, that lead us to conclude that this is an original issue," Rohan continued. "Apparently there were later restrikings of this coin done under Mint Director Henry Linderman for collectors of the day. Thus, an original striking of this rarity in the year of issue is of particular importance and value to numismatists."

"While we cannot say for certain," Rohan added, "this particular coin must rank as the finest example known. The fields show unfathomable depth of mirrored reflectivity and the devices display snow-white mint frost, which gives the coin a pronounced cameo effect on each side. There are no obvious contact marks on either side, and, as an aid in tracing this important coin's pedigree in the future, we note a short lint mark to the left of the date and a tiny russet-colored spot to the right of the fletchings of the arrow on the right (facing) side of the shield. This is a remarkable opportunity for anyone interested in American coinage."

Images, descriptions, and prices realized from all of Heritage's previous sales are available in the Permanent Auction Archives at the Heritage website.

To purchase a catalog for this Heritage Auction, please contact Nicole Jewell at 800 872 6467 x 272 or write her at 3500 Maple Avenue, 17th Floor, Dallas, TX., 75219 or visit HeritageGalleries.com to order by credit card.

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