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Lot
4944

1911 $5 PR65 PCGS. CAC....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 2 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
Gem Matte PR65 1911 Half Eagle
Eight Finer at PCGS
1911 $5 PR65 PCGS. CAC. The recorded proof mintage figures of Indian half eagles is staggeringly low to begin with, but in reality the survival rate of these interesting issues is less than one would expect for coins that were specially prepared for collectors. Breen's Complete Encyclopedia states that the proofs of 1908-15 are "much rarer than those of the preceding decade, and rarer than their reported mintages suggest. Doubtless heirs mistakenly spent some, and turned in others during the Great Recall of 1934."
The Mint's experimentation with matte proof finishes in 1908 was poorly received by collectors and was abandoned that year, at least temporarily. After experimenting with Roman Finish (satin) proofs in 1909 and 1910, the Mint returned to the dark matte finishes (as found on 1908 proofs) for the issues of 1911.
This exceptionally attractive matte proof appears much finer than the stated grade. The finely granular surfaces show the slightest evidence of contact with other coins. The rich orange-tan matte surface is accented with bright rose patina in the recesses of the design on each side -- quite an unusual and interesting visual accent. Population: 8 in 65, 8 finer (11/11).
Ex: Central States Signature (Heritage, 4/2008), lot 2465.(Registry values: N7079) (PCGS# 8542)

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