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Lot
7388

1912 $2 1/2

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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Description:
PCGS 1912 PR 66. Once again, the official mintage for this date of 197 proofs could give one the impression of greater availability than is actually the case. Attrition was very heavy in this year also, and the original mintage figure bears no relationship to the actual number of survivors today. Akers was only able to trace 19 auction records for this date in the thirty years he surveyed for his work. The actual number of survivors is probably in the neighborhood of 50-75 pieces, but only a small handful are known in gem condition.
The matte or sandblast finish was again used on gold proofs of this year, but the texture of this coin is markedly different than that on the 1908-11 proofs. This piece features a fine grain surface that sparkles with millions of tiny individual granules. The color is distinctly lighter than either the NGC Proof 66 1908 or even the PCGS Proof 67 1911. The obverse is flawless. If one looks close enough on the reverse there are a couple of tiny marks, or shiny spots, around the motto. These are barely perceptible to the unaided eye, and obviously have no affect on the coin's grade or overall attractiveness as evidenced by the Proof 66 designation. One of the finest examples known of this rare date, only 4 others have been so graded by PCGS (6/94) with another 2 in a higher grade. (NGC ID# 289L, PCGS# 7961)

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