1909-O $5 MS63 PCGS. CAC....

Description

Impressive MS63 1909-O Half Eagle

1909-O $5 MS63 PCGS. CAC. The 1909-O has unusual supply-and-demand dynamics for a New Orleans gold coin. As Doug Winter states in his Gold Coins of the New Orleans Mint: "It is not an especially scarce coin in circulated grades but it is exceedingly popular due to its status as a one-year type. In recent years, the level of demand for this coin has soared and it now ranks as one of the most popular New Orleans issues of any denomination."
Compared to other New Orleans five dollar dates, the 1909-O half eagle has more similarities than differences. The mintage was low, at 34,200 pieces; the issue circulated heavily, rather than sitting around in domestic bank vaults or being preserved overseas; and Mint State examples, particularly Select and better coins, are rare prizes. It is the 1909-O half eagle's inclusion in the deceptively short Indian half eagle series, rather than the much longer and less readily collectible Liberty series, that expands the issue's appeal beyond Southern gold specialists and sends prices for high-end examples into the stratosphere.
At the MS63 level, the 1909-O half eagle is a condition rarity, with PCGS grading only seven coins at that level and just 12 finer (6/09). The present piece, though a trifle softly struck on the necklace, is well-defined elsewhere with a mix of frosty and satin luster. Orange-gold color dominates, and though a few wispy abrasions are present on each side, including one in the right reverse field, the overall eye appeal is strong for the grade.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 25ZK, PCGS# 8515, GSID# 9320)

Metal: 90% Gold, 10% Copper
Weight: 8.36 grams
AGW: 0.24188oz
Mintage: 34,200

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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