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Lot
7497

1912 $5

1994 ANA Sale #122

 
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Auction Ended On: Jul 29, 1994
Item Activity: 1 Internet/mail/phone bidders
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Location: Detroit, MI
Description:
PCGS 1912 PR 66. There were 144 proof half eagles minted in this year, and as expected, the number of survivors is far fewer than one might imagine from the mintage. Some catalogers in the past have claimed that perhaps as few as 15 separate pieces exist today, but we believe a larger number are actually extant, with perhaps as many as 25-40 pieces known. One can easily speculate that many were either melted in the mint or entered circulation. We do know, however, that only 16 coins have been certified by PCGS (6/94), and 5 by NGC (4/94) with this piece being tied with seven others for second finest known honors.
This is a fine looking matte proof that, when closely examined, shows thousands of tiny, sparkling granules. There are very few out-of-mint blemishes, the most obvious one being a faint scrape in the right reverse field through IN in the motto and terminating at the right leg of the R in AMERICA. There is also a light mark through the E in E PLURIBUS UNUM. While the texture of the surfaces is very similar to the Proof 67 coins from the dates both preceding and following this one, the color is quite different with less of a green hue and a touch of red apparent. A pleasing example of this rare date. It may be many years before a finer example enters the marketplace. (PCGS# 8543)

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