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Lot
4639

1925 Medal Norse Gold PR65 PCGS. CAC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 7 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1925 Norse Gold Medal, Matte PR65
One of the Finest of the 47 Gold Pieces Sold
1925 Medal Norse Gold PR65 PCGS. CAC. The story of the Norse thick and thin medals of 1925 is long and involved. It is best told in Anthony Swiatek's 2012 Encyclopedia of the Commemorative Coins of the United States. The silver versions were struck and sold in abundant numbers, 31,750 of the thick variant and 6,000 of the thin. But only 100 gold pieces were struck and 53 were returned by the Centennial Corporation as unsold, leaving a net mintage of only 47 pieces.

The Norse commemorative medals were struck in sufficient numbers and widely distributed among collectors that they are essentially treated as coins, a collectible status that has existed since the year of issue. Examples in gold, however, are rarely encountered and some can achieve remarkably high prices, especially for a so-called medal. For instance, a PR66 example in our Houston Signature last year brought an amazing $64,625. Most PR65s sold in recent years have been valued in the $20,000+ price range.

All Norse gold pieces were struck as matte proofs. As such the surfaces are especially susceptible to contact marks and shiny spots. This propensity toward showing handling marks underscores the dual nature of the Norse medals. They were authorized and struck as medals, but treated by the Mint and collectors as coins. This is a remarkably clean example. The khaki-gold surfaces show the coarse granularity seen on all gold pieces. We see no obvious contact marks and very few shiny spots. By way of a pedigree identifiers, there is a shallow, curved planchet depression in the right obverse field, and in the left obverse field we see a tiny, pinpoint planchet void (that looks like a black dot) in the field to the left of the lower part of the sword. Very rare in gold and seldom found finer. Population: 5 in 65 (1 in 65+), 2 finer (3/13). (PCGS# 9452)

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