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Lot
6450

1856 $5 MS65 NGC. This is an amazing rarity in Gem condition. In fact, any Mint State example of this date is elusive. Our ...

2005 June New York, NY Signature Auction #380

 
Sold for: Not Sold
Auction Ended On: Jun 30, 2005
Item Activity: 7 Internet/mail/phone bidders
343 page views
Location: New York, NY
Description:
Finest Known 1856 Five Dollar
1856 $5 MS65 NGC. This is an amazing rarity in Gem condition. In fact, any Mint State example of this date is elusive. Our Permanent Auction Archives, recording the past dozen years of rare coins sold by our firm in all of our auctions, reveals that the previous best example of this date that we have offered was an MS62 grade coin! Just 197,900 examples were coined, and only four Gem quality coins have been certified by the two major grading services, with only a single Gem graded by PCGS. Not only will specialists in the series be excited by this offering, but type collectors will also consider this an important opportunity. Just 79 examples of the entire design type have been certified by PCGS and NGC in MS65 or finer grades.
This example is highly lustrous with satiny yellow-gold surfaces and traces of pinkish toning. It is sharply struck, although not fully defined. The top hair details, as well as the top of the coronet, are softly defined with a couple hair strands merged together. On the reverse, the eagle's claws and the arrow feather are weakly impressed. Population: 4 in 65, none finer (5/05).(#8266) (Registry values: P5) (NGC ID# 25UV, PCGS# 8266)

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