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Lot
5150

1914 $5 MS66 PCGS. CAC....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 4 Internet/mail/phone bidders
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Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:

Spectacular 1914 Indian Five, MS66
The Finest PCGS-Certified Specimen
1914 $5 MS66 PCGS. CAC. The 1914 Indian Head half eagle is an available date in lower Mint State categories, but it becomes quite elusive at the Gem level, and virtually unobtainable in higher numeric grades. Currently, only two coins have been certified in MS66, one each at PCGS and NGC, with none finer (11/10). The coin offered here is certainly a coin of surpassing quality, and one of the finest known examples of this important issue.
The 1914 half eagle boasts a small mintage of 247,000 pieces, and the date is rarer than the other Philadelphia Mint issues from 1909-1913. Curiously, there has been no auction appearance of a Premium Gem 1914 half eagle during the last 15 years, and we can find only nine offerings of MS65-graded specimens over that period. The NGC-graded MS65 coin in lot 421 of the Chicago Sale (Akers/RARCOA, 7/1996), realized $17,050, but it is difficult to estimate what a coin that grades a point finer would bring at auction 14 years later. Clearly, the opportunity to purchase a coin of this quality is not quantifiable, based on past experience.
The present coin is a spectacular specimen, displaying the razor-sharp strike typical of this issue. The lower headdress feathers exhibit pinpoint definition, and the eagle's trailing leg is boldly detailed. The surfaces of this piece are less granular than often seen on half eagles of this date, and the mint luster is vibrant and frosty. Perhaps the most outstanding of this coin's many virtues is its vivid color. The rich orange-gold surfaces are highlighted by exquisite rose and lime-green accents. The combination of high technical grade and tremendous eye appeal represented by this coin has never been offered at public auction before. Population: 1 in 66, 0 finer (11/10).
From The Jim O'Neal Collection of $5 Indians.
(Registry values: N7079) (NGC ID# 28DU, PCGS# 8527)

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