Gem Matte PR65 1911 Half Eagle
1911 $5 PR65 PCGS. CAC. The recorded proof mintage figures
of Indian half eagles is staggeringly low to begin with, but in
reality the survival rate of these interesting issues is less than
one would expect for coins that were specially prepared for
collectors. Breen's Complete Encyclopedia states that the
proofs of 1908-15 are "much rarer than those of the preceding
decade, and rarer than their reported mintages suggest. Doubtless
heirs mistakenly spent some, and turned in others during the Great
Recall of 1934."
Eight Finer at PCGS
The Mint's experimentation with matte proof finishes in 1908 was poorly received by collectors and was abandoned that year, at least temporarily. After experimenting with Roman Finish (satin) proofs in 1909 and 1910, the Mint returned to the dark matte finishes (as found on 1908 proofs) for the issues of 1911.
This exceptionally attractive matte proof appears much finer than the stated grade. The finely granular surfaces show the slightest evidence of contact with other coins. The rich orange-tan matte surface is accented with bright rose patina in the recesses of the design on each side -- quite an unusual and interesting visual accent. Population: 8 in 65, 8 finer (11/11).
Ex: Central States Signature (Heritage, 4/2008), lot 2465.(Registry values: N7079) (NGC ID# 28E5, PCGS# 8542)
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