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Lot
3231

1929 $5 MS63 PCGS....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 6 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Notable Select 1929 Half Eagle
1929 $5 MS63 PCGS. The absolute scarcity of the 1929 half eagle is hardly in dispute, and in circulated grades, the final classic five dollar gold issue commands the strongest premium of any Indian Head date for the denomination. The source of today's survivors, however, is something of a mystery. Both Akers (1979) and Garrett and Guth (2006) are oddly silent about the matter; Breen's Encyclopedia asserts that the coins come from multiple original rolls, though this is uncorroborated. The alternative of European repatriation seems unlikely, however, as the half eagle was rarely used in international trade.
Whatever the source of the few representatives available, they are eminently collectible and avidly pursued in the modern marketplace. This Select piece, sharply struck with yellow-gold centers, shows elements of orange at the margins. Light abrasions in the fields preclude a finer designation, but the coin displays beautifully. An important exemplar from the last half eagle issue meant for circulation.(Registry values: N4719) (NGC ID# 2800, PCGS# 8533)

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