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Lot
7818

1870 $5

1995 ANA Sale #139

 
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Auction Ended On: Aug 18, 1995
Item Activity: 1 Internet/mail/phone bidders
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Location: Anaheim, CA
Description:
Extremely Rare 1870 Proof Half Eagle--One of Only Two Certified
1870 PR 63 PCGS. A very rare date in the long Coronet series, and one that can certainly be considered underrated. Only 35 proofs were originally produced, and while Akers gives no range for the numbers of survivors, Breen estimates that approximately a dozen survive today. We believe they may be even scarcer than that, and we quote Akers conclusion about this date, "...very rare and for some unknown reason (they) have appeared at auction less often than similar or lower mintage proofs of many other dates." When one turns to the certification services, their data further reinforces this belief as only one other coin has been certified (a PR 64) by PCGS, and NGC has not graded any as either non-cameo or cameo proof.
This is a deeply mirrored proof that meets the diagnostics as set out in Breen's Encyclopedia, that is, the date is high and slants down to the right. Moderately hairlined, the surfaces show a hazy film around the devices which helps subdue the effects of the old cleaning. There is a mark in the left obverse field, a scrape actually, that extends from just beneath the nose of Liberty to between stars 3 and 4. A few dark specks are noted above the eagle's head on the reverse, probably the remnant of an old fingerprint. An exceptionally rare proof striking and sure to be of interest to many advanced collectors. (NGC ID# 28C7, PCGS# 8465)

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