1911-S $5 MS65+ PCGS. CAC....

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Sold on Jan 6, 2011 for:

$57,500.00 Bid Source: Internet bidder

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Description

Exceptional 1911-S Indian Five, MS65+
The Duckor Specimen
Probably the Second Finest Known

1911-S $5 MS65+ PCGS. CAC. This issue's mintage of 1.4 million pieces might encourage over-confidence on the part of conservative bidders. While circulated 1911-S half eagles pepper collections across the country, Gem Uncirculated examples are the province of select cabinets. Little has changed since David Akers discussed this issue in his Handbook, published over two decades ago:

"With such a high mintage figure (second only to the common 1909-D) one might reasonably expect the 1911-S to be fairly common in Mint State. That is most certainly not the case, however, and the 1911-S is actually very difficult to find, even in MS-60 to 62 condition. In MS-63 or better, this issue is almost never seen and the 1911-S is virtually on a par rarity-wise at this level with the 1909-S and 1910-S. A small number of gems are known but I am unaware of anything that would even grade MS-65+, much less MS-67. All in all, this is one of the most underrated issues of the series, if not the entire spectrum of 20th-century United States gold coins."

When Akers offered this coin in Auction '90 as part of the Duckor Collection, he called it "a strong candidate for finest known," stating that is was finer than the Kruthoffer specimen or any other 1911-S half eagle. Of course, that was seven years before the Pittman specimen took over finest known honors, but this coin is still probably the second finest example.
This is a beautifully toned jewel whose surfaces display orange, rose, and blue highlights. The surfaces are virtually free of postproduction imperfections, although an inconspicuous planchet flake behind the eagle's head is beneficial for provenance purposes. Population: 1 in 65+, 1 finer (11/10).
Ex: Dr. Steven Duckor Collection (David Akers, Auction '90, 8/1990), lot 1810; Heritage (8/1999), lot 8040.
From The Jim O'Neal Collection of $5 Indians.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 25ZM, PCGS# 8522, Greysheet# 9325)

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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