1909 $5 PR64 NGC. JD-1, R.5....

Description

1909 Half Eagle, PR64
Only 78 Proofs Distributed

1909 $5 PR64 NGC. JD-1, R.5. In his recent reference work, United States Proof Coins, Volume IV -- Gold, John Dannreuther gives a mintage of 230 proof half eagles in 1909, of which only 78 were ever sold. Today, likely fewer than 60 coins survive.

The 1909 proof saw the introduction of a modified finish for the gold proofs -- a satin finish, textured like the sandblast proofs of 1908 but with the tell-tale sheen of a lightly polished die. Dannreuther ascribes to the idea that the proof dies were polished, then sandblasted to create the unique texture, and that no special treatment of the coins took place after striking. The theory agrees with the surface characteristics of this other 1909 satin proofs. This piece is particularly sharp and displays bright straw-gold color. There are a few faint hairlines on the obverse that deny Gem classification, although they disappear when tilted into the light. Census: 16 in 64, 21 finer (6/19).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 25ZS, PCGS# 8540, Greysheet# 9333)

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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