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Lot
6794

1908 $5 MS67 NGC....

2013 September 25 - 29 US Coins Signature Auction - Long Beach #1189

 
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Auction Ended On: Sep 27, 2013
Item Activity: 8 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

1908 Indian Half Eagle, MS67
Important First-Year Issue
Only One Finer Certified
1908 $5 MS67 NGC. The initial-year mintage for the new Bela Lyon Pratt-designed half eagle was a generous production exceeding 577,000 examples, although the Philadelphia Mint in the following year would produce an even larger emission. Dr. William Sturgis Bigelow had suggested the original design idea for the Indian Head half eagle to President Theodore Roosevelt, and Pratt had made the models. As usual, Mint personnel, in this case mint engraver Charles Barber, modified the final design for coinage production. Pratt was clearly uninvolved with the last step. In writing to his mother Sarah Pratt after being shown an sample half eagle by Bigelow, Bela Lyon Pratt wrote, as taken from Roger W. Burdette's important work Renaissance of American Coinage 1905-1908:

"After the first of November you can [get] all you want of my coins at any bank, but that is still a secret. They have 'knocked spots' out of my design at the mint. They let their die cutter spoil it, which he did most thoroughly, so try not to be too disappointed when you see the coins.. The little $2-1/2 coins don't look so badly but the $5 is a sight! I could not sleep for a night or two after I saw it. The first impression, which Dr. Bigelow showed me at the Symphony two weeks ago, looked quite well. But they tried to retouch it and gee! They made a mess of it! With a few deft touches the butcher or blacksmith, who is at the head of things there, changed it from a thing I was proud of, to one [of which] I am ashamed! Still it is the best coin the U.S. has ever had ..."



Things went from bad to worse when Pratt even failed to get credit for the design. Many newspapers of the time, although mentioning that Pratt had "made the models," credited Bigelow with the design.

Although the designs were greeted with distaste in some quarters fortunately, like many first-year issues, the coins were both well-produced and saved in considerable numbers. The 1908 is an available issue in all grades up to the Gem level but, like all Indian half eagles, it is conditionally rare in any finer grade.
The present example is characterized by deep reddish-gold surfaces with a considerable amount of subtle luster underneath. The strike is bold, and even under a loupe, only a few minuscule marks appear. One of the finest, and a major opportunity for the Registry Set enthusiast. Census: 4 in 67, 1 finer (8/13).(Registry values: N7079) (NGC ID# 28DE, PCGS# 8510)

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