There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
8689

1873 $5 Closed 3 PR65 Deep Cameo NGC. Ex: Garrett. Early in 1873 it was noticed that the knobs on the 3 in the date made th...

2005 St. Louis, MO (CSNS) Signature Auction #372

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: May 6, 2005
Item Activity: 5 Internet/mail/phone bidders
227 page views
Location: St. Louis, MO
Description:
Finest Known 1873 Proof Half Eagle, PR65, Ex: Garrett
1873 $5 Closed 3 PR65 Deep Cameo NGC. Ex: Garrett. Early in 1873 it was noticed that the knobs on the 3 in the date made the date appear to be 1878 rather than 1873. As a result, the knobs were attenuated giving the date the proper appearance of 1873. However, many denominations had already been struck with the so-called Closed 3 date logotype, and in fact, certain issues were only struck with the Closed 3 in the date. In 1960, the research in this area was published by the late Harry X Boosel in his cleverly titled book 1873-1873.
Only 25 proof half eagles were struck in 1873, all of the Closed 3 date variant. But one has to wonder if all 25 pieces were actually distributed to collectors as so few are known today. Only 9-12 individual proofs are actually believed extant as recognizable proofs. This particular piece appears to have been purchased directly from the Mint in 1873 by Foster Ely of Elyria, Ohio, according to correspondence in Appendix I of the Garrett I Auction. The fields are exceptionally deep in their mirrored reflectivity and close examination reveals the familiar rippling, orange-peel effect commonly encountered on proof gold from the 1870s and 1880s. Standing in stark contrast to the mirrored fields are the thickly frosted devices, the combination of each giving the coin a pronounced cameo effect. For pedigree purposes, we note a tiny planchet flake out of the field above the E in FIVE on the reverse. It was this tiny defect that convinced us this is the same coin that was in the 1998 FUN Auction. Exceptional quality and rarity combined in one amazing coin.
Presumably obtained from the U.S. Mint by Foster Ely of Elyria, Ohio in 1873; W. Elliot Woodward; T. Harrison Garrett; Garrett I (Bowers and Ruddy, 11/79), lot 485, where it brought $21,000; 1998 FUN Sale (Heritage, 1/98), lot 7847, where it realized $37,500.(#98468) (Registry values: P4) (NGC ID# 28CA, PCGS# 98468)

View large image(s) of this item

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
888,628
bidder-members
$982,397,942
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 31 days left to consign to the 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando!
Learn About Consigning With Us
I can bid with confidence that I will obtain lots at the lowest possible price in Heritage auctions.
D.S. ,
Miamisburg, OH
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York
2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York
REALIZED $11,171,560
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED $9,057,528
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,806,473