1908-D $5 MS65 PCGS....

Description

Top-Flight Gem 1908-D Indian Head Five
Among the Finest Certified

1908-D $5 MS65 PCGS. There are numerous connections between noted sculptors-coin designers Augustus Saint-Gaudens, Bela Lyon Pratt, Saint-Gaudens assistant Henry Hering, and Yale University in New Haven, Connecticut. Saint-Gaudens, of course, achieved renown both as a sculptor and designer of the double eagle and eagle coins that bear his name. Bela Lyon Pratt (1867-1917), designer of the incused Indian Head quarter eagle and half eagles, was a Norwich, Connecticut, native who began study at age 16 at the Yale School of Fine Arts. At age 19 he entered the Art Students League in New York, where Saint-Gaudens taught. On Saint-Gaudens' recommendation Pratt studied at Paris' École des Beaux-Arts, returning to the United States in 1892. He was appointed Professor of Sculpture at the Boston Museum School of Fine Arts in 1894. Pratt was awarded a Bachelor of Fine Arts degree from Yale in 1899. (A note in Roger Burdette's seminal Renaissance of American Coinage 1905-1908 notes that "Pratt was not one of Augustus' assistants, and may have considered The Saint more of a competitor than mentor." Nonetheless, the Yale website identifies Pratt as Saint-Gaudens "former assistant.")
Yale's famous statue of Revolutionary War hero-martyr Nathan Hale, which stands on the Old Campus outside of Connecticut Hall where Hale slept as a Yale student, is a Bela Lyon Pratt design. The alumni donors who commissioned the statue were unable to afford Saint-Gaudens' fee, so they turned to Pratt for the design. In Yale's Memorial Hall (part of Woolsey Hall), a memorial to the Yale graduates who gave their lives in the Civil War is graced by four statues, "Peace, Devotion, Memory, and Courage," designed by Saint-Gaudens' assistant Henry Hering. According to the Yale site, "Dynamic crevices and profound shadows temper the rigid austerity of the cold marble bodies, connecting this monument stylistically to the work of Hering's mentor, the celebrated turn-of-the-century American sculptor Augustus Saint-Gaudens."
When the novel, incused Indian Head-design quarter eagles and half eagles made their debut in 1908, no less prominent a numismatist than Samuel H. Chapman fired off a pointed criticism of the design to President Roosevelt, objecting to--among other things--the eagle, the Indian's portrait, and the incuse design. Roosevelt sent the objections on to his friend William Sturgis Bigelow, whose impetus for the incuse coinage led to his hiring Pratt to model the designs. Bigelow refuted the objections point by point, to which Chapman provided a rebuttal, but in any case the gold coinage proceeded, although little loved at the time.
Despite a plentiful mintage of 148,000 coins, the 1908-D is a difficult issue to obtain in Gem grade. Most survivors average MS62 or thereabouts. In MS65, the present example is one of only eight pieces so graded at PCGS, with an added four at NGC (7/07). This lovely coin offers primarily antique-gold, mattelike surfaces imbued with tinges of greenish-gold. Both sides are exceptionally distraction-free, with a few trivial contact marks on the reverse noted at E PLURIBUS UNUM. A delectable first-year Gem of this popular issue, suited for a top-flight gold collection.
From The Jim O'Neal Collection of Indian Half Eagles.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 28DF, PCGS# 8511, GSID# 9317)

Metal: 90% Gold, 10% Copper
Weight: 8.36 grams
AGW: 0.24188oz
Mintage: 148,000

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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