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Lot
4945

1913 $5 PR67 NGC....

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

 
Sold for: Not Sold
Auction Ended On: Jan 5, 2012
Item Activity: 3 Internet/mail/phone bidders
308 page views
Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
Matte PR67 1913 Half Eagle
Fine-Grained, Essentially Perfect Surfaces
1913 $5 PR67 NGC. By 1913 the Mint had introduced the matte finish in 1908, switched to the Roman or satin finish in 1909 and 1910, then reverted to the matte or sandblast finish again for 1911 and following years -- and it appeared as though many collectors had simply given up on gold proof coinage that was not much to their taste in the first place. (The Mint had switched late in the Liberty Head series- -- 1902 -- to the semibrilliant surfaces from the deeply contrasted pre-1902 format, and collectors have long memories.)
Just a quick glance at the Guide Book mintage figures for proof Indian Head eagles will confirm that the long-term trend was -- down. From a promising start in 1908 with 167 proof coins, by the last proof issues of the series, in 1915, the production was less than half, a skimpy 75 coins.
For the present Superb Gem 1913, the proof mintage was 99 coins, but PCGS CoinFacts estimates that only 30 examples survive in PR65 or finer grade. The PR66 level is the highest grade usually seen for the issue, where NGC and PCGS combined have certified 23 submissions, certainly including numerous duplications. Garrett and Guth call the 1913 the third-rarest of the eight-coin Indian Head series.
The present Superb Gem example is one of nine submissions at NGC, and there is a single PR68 finer at that service (11/11). This piece boasts uniform surfaces on both sides that appear essentially perfect, with no signs of contact, no matter how small. The surfaces show the typical tiny granular texture the issue is known for, complementing pale yellow-green coloration.(Registry values: N10218) (PCGS# 8544)

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