1899 $5 PR67 Deep Cameo PCGS. JD-1, Low R.5....

Description

1899 Liberty Five, PR67 Deep Cameo
Popular Turn-of-the-Century Date
Rarely Seen Finer

1899 $5 PR67 Deep Cameo PCGS. JD-1, Low R.5. Ex: Simpson. A moderate mintage of 99 proof Liberty half eagles was accomplished at the Philadelphia Mint in 1899. Records show 24 proofs were delivered in the first quarter of the year, 14 in the third quarter, and 29 in the last quarter. That leaves 32 coins unaccounted for. The missing coins might have been delivered at any time throughout the year, but their specific delivery dates cannot be determined. A single pair of dies was used to strike all the proofs. The reverse die was new, with thinning on the scroll below WE and clear spaces between the vertical stripes in the shield, making it possible to distinguish between proofs and prooflike business strikes.

The 1899 proofs are always popular as the last half eagles with a pre-1900 date. PCGS and NGC have combined to certify 70 coins in all grades (11/21), but that total almost certainly includes some duplication. In his series reference United States Proof Coins, Volume IV: Gold, John Dannreuther estimates the surviving population at 50-65 examples in all grades, while PCGS CoinFacts offers an assessment of 60-75 survivors, all told. This coin is number 3 on John Dannreuther's list of Significant Examples.

The coin offered here is a spectacular Superb Gem proof, with impeccably preserved yellow-gold surfaces that show the orange-peel texture seen on many of the best proofs of this era. The date is placed low and to the left, another diagnostic feature of this issue. The design elements are sharply detailed and the deeply mirrored fields provide excellent cameo contrast with the richly frosted devices. Eye appeal is simply terrific for this popular 19th century gold proof. Population: 1 in 67 Deep Cameo, 3 finer (11/21).
Ex: Phoenix Signature (Heritage, 3/2008), lot 1516; Legend Numismatics; Bob R. Simpson Collection.(Registry values: P2)

Coin Index Numbers: (NGC ID# 28D5, PCGS# 98494, Greysheet# 9283)

Weight: 8.36 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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