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Lot
5155

1916-S $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: 3 Internet/mail/phone bidders
1,075 page views
Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:

Gleaming MS66+ 1916-S Half Eagle
Sole Finest at PCGS
1916-S $5 MS66+ PCGS. CAC. "Though Heritage has offered [the 1916-S half eagle] in the past, it is impossible to say when an opportunity to acquire an MS66 representative may come again." Our cataloger wrote those words for the January 2008 FUN Auction, the last time Heritage offered an MS66 1916-S half eagle at auction. Three years later, the answer has come in the form of the magnificent O'Neal specimen. PCGS has certified three examples in the MS66 range as of (11/10), but this is the only coin of the three to be rated MS66+, and the CAC sticker this coin bears is further testament to its exceptional condition.
In its previous auction appearance, Heritage's August 2007 Milwaukee Official ANA U.S. Coin Auction, the present example (then graded a flat MS66, as both the CAC and Plus grading at PCGS were still in the future) was described in part as:

"[A] piece that has been lovingly and carefully stored for many decades. The only contact mark visible is a small scrape in the field before the Indian. The Indian's cheek is free of even the smallest abrasions, and elsewhere, for example on the highpoints of the eagle's wings and breast, there are similarly no mentionable impairments. The surfaces are a light khaki-gold, and radiant luster issues forth from each side, much deeper and more intense than normally seen on this type coin."


To this, the present cataloger would like to add only that O'Neal's exceptional eye for quality is on full display here, as advances in grading have reflected his innate understanding that this coin was high-end for the grade. Truly a coin that any collector of Indian half eagles would be proud to own. Population: 1 in 66+, 0 finer (11/10).
From The Jim O'Neal Collection of $5 Indians.
(Registry values: N10218) (NGC ID# 28DY, PCGS# 8532)

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