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Lot
4978

1911 $5 PR67 PCGS. CAC....

2011 October 13-16 US Coins Signature Auction- Pittsburgh #1160

 
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Auction Ended On: Oct 14, 2011
Item Activity: 7 Internet/mail/phone bidders
797 page views
Location: David L. Lawrence Convention Center
1000 Ft. Duquesne Blvd.
Pittsburgh, PA 15222

Description:
PR67 1911 Five Dollar
Exquisite Matte Texture
1911 $5 PR67 PCGS. CAC. After the matte finish of the proof 1908 quarter eagles and half eagles brought complaints from collectors accustomed to mirrored-field proofs, the Mint changed its process for 1909 and 1910. As recorded by Roger W. Burdette in his Renaissance of American Coinage 1905-1908, "Unlike the dull, or sandblast proofs made in 1908, the mint tried making the collectors' coins by striking the pieces on a medal press as was usually done for proofs, but with no post-striking treatment."
The so-called "Roman Finish" coins of 1909 and 1910 did little to stifle complaints from the mirrored-finish partisans; instead, they created new gripes among those who favored matte proofs. William Woodin, the prominent numismatist who would later become Secretary of the Treasury, kept up a correspondence with Mint officials in which he decried the "Roman" proofs and asked for old-style matte proofs as a special favor. While Woodin's request was denied by a high-ranking member of the Treasury Department, the door was left open for the next year's proofs to have the dull matte finish.
If matte proofs are an acquired taste, then this Superb Gem from 1911 is caviar. Deep mustard-gold color shows occasional hints of orange on fine-grained surfaces that are impressively preserved. The strike is strong, and neither side shows any individually mentionable distractions. A landmark specimen, one of five tied for finest certified by PCGS (8/11).(Registry values: N10218) (PCGS# 8542)

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