LOT #3863 |
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1908-S $5 MS67 PCGS....
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Sold on Nov 1, 2013 for:
$47,000.00
Bid Source: Internet bidder
Description
1908-S Indian Half Eagle, MS67
Only One Finer Coin at PCGS
1908-S $5 MS67 PCGS. The 1908-S Indian half eagle boasts a
low mintage of 82,000 pieces and the issue is quite popular with
type collectors because it represents the first year of the design.
The issue was well-produced and a number of high-quality examples
were saved by contemporary collectors, prompting Jeff Garrett and
Ron Guth to remark:"If a single coin is desired from this series, this date and mint should be considered for the overall quality and availability."
Today the 1908-S is not as difficult to locate in high grade as its low mintage would suggest, but its availability has fluctuated over the years. The issue seems to be quite elusive in early auction offerings and no example was displayed at the 1914 ANS Exhibition. Chicago numismatist Virgil Brand ordered 12 examples of the 1908-S directly from the San Francisco Mint in 1908, and he probably added to this hoard in later years. Brand's holdings were not liquidated until many years later, and the entry of these coins into the market drastically changed the availability of the 1908-S in high grade. Both David Akers and Walter Breen comment that most of the high-grade examples we know about today probably came from this source.
The present coin is a marvelous Superb Gem with razor-sharp definition on all design elements and a bold mintmark. Crisp detail is apparent in the usual problem areas, like the lower headdress feathers. The vivid orange-gold surfaces display accents of lilac and rose, and close inspection with a loupe reveals no mentionable distractions. Vibrant mint luster adds to the tremendous eye appeal. Population: 7 in 67, 1 finer (9/13).<
R(Registry values: N10218)
Coin Index Numbers: (NGC ID# 28DG, PCGS# 8512, Greysheet# 9318)
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.
Auction Info
2013 November 1 - 3 US Coin Signature Auction - New York #1191 (go to Auction Home page)
Auction Dates
November, 2013
1st-3rd
Friday-Sunday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 1,579
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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