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1910 $5 PR66 ★ NGC. CAC....
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Description
1910 'Bright Proof' Half Eagle, PR66 ★
Remarkably Few Certified in High Grades
1910 $5 PR66 ★ NGC. CAC. Like all the gold denominations
struck in 1910, the half eagle also had an unusually high mintage.
In this case 250 "bright proofs" were struck. While this was the
largest mintage in the 1908-1915 proof series, the 1910 is actually
the sixth scarcest of the eight proofs struck of the Indian Head
five dollar type. Like the 1910 proof quarter eagles, one is again
forced to ask: Where are they? One possibility we can dismiss,
though, is that unlike the quarter eagle proofs from this year, the
five dollar proofs were not struck in larger quantities with the
thought that the coins that remained unsold could be dropped into
circulation. The rule for proofs in these years was that proofs
could not be released until that denomination had been struck in
one one of the mints in the same calendar year. In the case of 1910
proof half eagles, Denver started striking this denomination in
January, so the half eagle did not have the same collector pressure
as the quarter eagle.The untreated "bright proofs," or "Roman Gold" proofs as Walter Breen termed them, are remarkably forgiving when it comes to contact marks or wispy hairlines. The pebbly surfaces conceal all but the most obvious post-striking defects. And yet, few high-grade proofs are known of this date. Combining the numbers certified by both NGC and PCGS, the total is only 76 grading events. Breaking down the number of high-grade pieces by service, NGC has certified 15 coins in PR66 (surely that number contains several resubmissions) and nine finer (3/15). PCGS has only graded three pieces in PR66 with one finer. Even more than the numbers certified indicate, there are very few high-grade proofs available at public auction. The last PR66 sold was an NGC coin we offered in our Long Beach Auction in September, 2011; a coin that brought $77,625. Only two PR67s have brought more than that coin, and we expect a similarly strong price for this piece with its Star designation and CAC endorsement.
This coin certainly lives up to the Mint's terminology of "bright proof." The uniformly bright surfaces are only tempered by a slight accent of reddish patina, the natural result of the copper alloy that has surfaced more than a century after striking. We see no contact marks, alloy spots, or shiny spots on either side of this magnificent proof. As expected, the strike details are fully brought up in all areas.
From The Big Sky Collection.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 28E4, PCGS# 8541)
Weight: 8.36 grams
Metal: 90% Gold, 10% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
View all of [The Big Sky Collection ]
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