Skip to main content
Go to accessibility notice

    Description

    Exceptional PR66 1908 Five Dollar Indian

    1908 $5 PR66 NGC. CAC. The Bigelow-Pratt design for the quarter eagle and half eagle was publicly commented upon by the designer at a lecture in Boston in January 1909. Part of this lecture reflects how poorly his design was received by the Mint (reminiscent of the Saint-Gaudens/Henry Hering struggles with Mint officials in 1907), and it also presents the reasoning behind the recessed relief on these coins.

    " ... We soon knew that we had a very good design: Mr. Roosevelt said so. The models were sent to the Mint and there slaughtered after the manner in which the Mint always treats designs. They milled the edge, chopped off the margin, re-modeled the feathers and did other things ...
    " One of the principal advantages of this coin is that it is nearly friction proof, as nearly so as a coin can be made; the background being slightly above the level of the relief, the broad surfaces of the background taking all the wear and being perfectly smooth, the friction loss is very slight ..."

    Collectors in 1908 received a double surprise when they ordered proof gold coins from the Mint. Not only did they receive revolutionary new designs on the quarter eagle and half eagle, but all the coins were struck with a new matte finish rather than the traditional brilliant finish. While 167 proofs seems very low by today's standards, it was almost double the number of proof fives struck the previous year. However, the new matte finish proved unpopular with collectors, and the number produced dropped to only 77 pieces in 1909.
    This is a splendid example of the matte proofing process. The surfaces are deep in color and show the coarse granularity proofs from this year are known for. The only surface disturbance of consequence is a hairline-thin mark across the cheek of the Native American. An exceptionally pleasing example of this first-year issue.
    From The Southwest Collection.(Registry values: N7079) (NGC ID# BYJ6, PCGS# 8539)

    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 Southwest Collection ]

    Auction Info

    Auction Dates
    February, 2008
    14th-16th Thursday-Saturday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 1,426

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 4 days left to consign to the 2019 September 4 - 9 Long Beach Expo US Coins Signature Auction - !

    Learn about consigning with us

    You and your colleagues at Heritage could not have packaged the collection in a more professional and attractive way to buyers.
    Robert Ruff,
    New York, NY
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 July 11 - 14 Summer FUN US Coins Signature Auction - Orlando
    2019 July 11 - 14 Summer FUN US Coins Signature Auction - Orlando
    REALIZED $5,813,572
    2019 June 27 - 28 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    2019 June 27 - 28 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    REALIZED $3,112,945
    2019 June 26-28 HKINF World Paper Money Signature Auction - Hong Kong
    2019 June 26-28 HKINF World Paper Money Signature Auction - Hong Kong
    REALIZED $2,686,315