1925 Norse Gold Medal, Matte PR65
1925 Medal Norse Gold PR65 PCGS. CAC. The story of the Norse
thick and thin medals of 1925 is long and involved. It is best told
in Anthony Swiatek's 2012 Encyclopedia of the Commemorative
Coins of the United States. The silver versions were struck and
sold in abundant numbers, 31,750 of the thick variant and 6,000 of
the thin. But only 100 gold pieces were struck and 53 were returned
by the Centennial Corporation as unsold, leaving a net mintage of
only 47 pieces.
One of the Finest of the 47 Gold Pieces Sold
The Norse commemorative medals were struck in sufficient numbers and widely distributed among collectors that they are essentially treated as coins, a collectible status that has existed since the year of issue. Examples in gold, however, are rarely encountered and some can achieve remarkably high prices, especially for a so-called medal. For instance, a PR66 example in our Houston Signature last year brought an amazing $64,625. Most PR65s sold in recent years have been valued in the $20,000+ price range.
All Norse gold pieces were struck as matte proofs. As such the surfaces are especially susceptible to contact marks and shiny spots. This propensity toward showing handling marks underscores the dual nature of the Norse medals. They were authorized and struck as medals, but treated by the Mint and collectors as coins. This is a remarkably clean example. The khaki-gold surfaces show the coarse granularity seen on all gold pieces. We see no obvious contact marks and very few shiny spots. By way of a pedigree identifiers, there is a shallow, curved planchet depression in the right obverse field, and in the left obverse field we see a tiny, pinpoint planchet void (that looks like a black dot) in the field to the left of the lower part of the sword. Very rare in gold and seldom found finer. Population: 5 in 65 (1 in 65+), 2 finer (3/13). (NGC ID# 28NU, PCGS# 9452)
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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