1909 $5 MS65+ PCGS Secure....

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1909 Indian Head Half Eagle, MS65+
Extraordinary High-End Specimen

1909 $5 MS65+ PCGS Secure. Although the 1909 Indian Head half eagle is not a major rarity as a date, the present coin is of such extraordinary quality that it can only be described as extremely rare. In recognition of this coin's high-end status within the Gem grade range, it has been designated MS65+ by PCGS. David Hall, cofounder of PCGS, explains the purpose of the recently instituted PCGS plus program:

"PCGS Secure Plus is an innovative service that also addresses the significant price gaps between one grade point and the next, by formally recognizing high-end specimens within respective grades. The reality of the marketplace is that coins considered high end for the grade are recognized by sophisticated dealers and collectors, and such coins are worth a premium in the marketplace."

From a substantial mintage of 627,138 pieces, the 1909 half eagle is an available date in lower Mint State grades. David Akers estimates perhaps 100-125 examples are extant at the MS65 level, and 14 coins have been certified in higher numeric grades by PCGS and NGC combined (3/10). However, it is doubtful that any specimen can exceed the present coin in terms of eye appeal and intangible overall quality. The remarkably clean surfaces are enhanced by traces of light, even reddish-gold color. All design elements are fully brought up, and the exquisite detail is complemented by rich, frosty luster that radiates from all surfaces. We expect this specimen to inspire spirited bidding from gold specialists, discerning type collectors, and Registry Set enthusiasts alike.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 28DH, PCGS# 8513, GSID# 9309)

Metal: 90% Gold, 10% Copper
Weight: 8.36 grams
AGW: 0.24188oz
Melt Value: $282.27
Gold Spot: $1,167/oz (04-29-2010)
Mintage: 627,138

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.

View Certification Details from PCGS