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5124

1873 $5 Closed 3 PR63 Cameo NGC....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 5 Internet/mail/phone bidders
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Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:
1873 Half Eagle, PR63 Cameo
Only Six Cameo Coins Finer at NGC
1873 $5 Closed 3 PR63 Cameo NGC. The 1873 Closed 3 (or "Close 3") and Open 3 business strike half eagles ended the 11-year-long string of minuscule half eagle productions, during which no single issue at any mint was produced to an extent surpassing the 52,000 pieces of the 1868-S five. The Civil War began the decline, and the "Crime of '73" may have ended it, effectively abolishing the Trade dollar and attempting to tie the United States to a gold standard. Mintages of 1873 half eagles of both varieties approached a quarter-million pieces, but only the Closed 3 coins--produced first--saw a proof production of 25 pieces. (At any rate, no Open 3 proofs are known.) Despite the much larger business strike emission, the 1873 Closed 3 proofs are just as elusive as proofs of the previous few years, all showing tiny mintages in the range of 25 to 30 coins per year.
In PR63 Cameo this piece is one of two so graded at NGC, with six coins finer (10/10), although the data are suspect due to multiple resubmissions. The surfaces are an attractive greenish-gold coloration, with much pleasing contrast between the frosty devices and deeply reflective fields. A few light hairlines appear under a high-power loupe that likely account for the grade.(Registry values: P4) (NGC ID# 28CA, PCGS# 88468)

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