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Lot
2606

1910 $5 PR67 NGC....

2008 February Long Beach, CA Signature Coin Auction #460

 
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Auction Ended On: Feb 15, 2008
Item Activity: 5 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103 B,C

Description:
Spectacular 'Roman Finish' PR67 1910 Five Dollar
1910 $5 PR67 NGC. The special nature of Roman Finish gold is not generally appreciated by collectors. When the Mint switched from the traditional brilliant finish to the matte finish in 1908, it was a rough transition. Apparently collectors were caught by surprise when the switchover occurred. Their general displeasure is best seen by the numbers minted in the two years: 167 proofs in 1908 vs. 78 in 1909. Collectors were not silent about their displeasure either. Editorials appeared in The Numismatist and a resolution was sent by the ANA Board to the Mint in 1908.
The Mint attempted to placate collectors by altering the finish in 1909 and subsequently in 1910. The finish on these pieces lacked the sandblasting seen in 1908. Rather, the coins were struck from special blanks and special dies, but there was no post-striking treatment. The result was a "bright" proof, as Mint personnel termed it.
This new finish was not appreciated by collectors either. In fact, it was disliked even more than the previous matte finish, particularly because the coins were not easily distinguishable from circulation strikes. This negative reaction had Mint officials jumping through hoops once again, and in 1911 they reverted to the matte finish. But for two years, proof gold was struck with this special process, so minimal it was almost a non-process. Special blanks and special dies created bright, shimmering coins. To the untrained eye, they do appear superficially like circulation strikes--except for the razor-sharp definition and uniformly bright surfaces.
The surfaces on this piece are bright yellow-gold with a fine-grain texture to the surfaces. We see no obvious or mentionable defects on either side of this magnificent coin. A rare opportunity to acquire an Indian half eagle struck in this rare, two-year proofing process. Census: 5 in 67, 4 finer (1/08).
From The Southwest Collection.(Registry values: N10218) (PCGS# 8541)

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