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Lot
1705

1889 $5 PR65 Cameo NGC....

2009 December Houston, TX US Coin Auction #1132

 
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Auction Ended On: Dec 4, 2009
Item Activity: 4 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
Captivating 1889 Half Eagle, PR65 Cameo
1889 $5 PR65 Cameo NGC. The mintage of proof half eagles in 1889 (45 pieces) dropped sharply from the previous five years. Fewer than 20 specimens are thought to survive (Walter Breen, 1989; Jeff Garrett and Ron Guth, 2006). These estimates are in line with NGC/PCGS population figures that show 22 certified coins. Breen writes that the 1889 proof five dollar is "... subject to great date collector pressure as comparatively few of the 7,520 business strikes survive."
Uniform brass-gold coloration adorns each side of this charming Gem Cameo, and an exacting strike leaves bold definition on the devices, all of which display stunning contrast with the mirrored fields. A few unobtrusive marks likely prevent an even finer numerical grade. A field tick to the lower right of star 3 and a couple of more between stars 12 and 13 are mentioned strictly for pedigree purposes. This coin's captivating eye appeal will elicit serious interest among aficionados of proof gold. Census: 3 in 65 Cameo, 1 finer (9/09).(Registry values: P4) (NGC ID# 28CT, PCGS# 88484)

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