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1707

1929 $5 MS63 PCGS....

2010 June Long Beach, CA Signature US Coin Auction #1140

 
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Auction Ended On: Jun 4, 2010
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:
Famously Rare 1929 Half Eagle, MS63
1929 $5 MS63 PCGS. In 1929, there was likely not a single numismatist who believed that the Indian half eagle of that date would one day become an important rarity. After all, the mintage of 662,000 pieces ensured that there would be more than enough to meet the limited demand from gold collectors. So much for conventional wisdom. Most of the mintage never left Treasury vaults and was eventually melted into bullion bars to back the official international value of 35 dollars per ounce of gold. While certain half eagle issues have returned in quantity to America, the 1929 remains the key date of the Indian series. The present Select example has interspersed jade-green and orange toning. The strike is good, and evaluation beneath a lens reveals only insignificant marks. Housed in an old green label holder.(Registry values: N4719) (NGC ID# 2800, PCGS# 8533)

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