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6859

1908 $5 PR65 NGC. Undoubtedly, the Mint did not expect the...

2002 February Long Beach Signature Sale #284

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Auction Ended On: Feb 22, 2002
Item Activity: 3 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Rare Gem Proof 1908 Half Eagle
1908 $5 PR65 NGC. Undoubtedly, the Mint did not expect the negative reaction they received from the coin collecting public when they introduced the matte proofing process in 1908. A large number of proof Half Eagles were struck as a result--167 pieces to be exact. Apparently, not all 167 pieces were distributed, and some, in fact, were melted on January 2, 1909 after 100 gold proof sets were assembled. Today, despite a higher mintage, the 1908 does not appear to be significantly more available than other dates of matte proof Fives. We estimate that perhaps 40-55 pieces may still be extant in all grades. This piece has the usual coarse-grain, matte finish and slightly deeper golden and khaki coloration. Minimal marks are evident, even with magnification, and there do not appear to be any shiny spots on either side. (PCGS# 8539)

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