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1914 $5 JD-1, Low R.5, PR68 NGC....
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Sold on Jan 16, 2025 for:
$144,000.00
Bid Source: Internet bidder
Description
1914 Indian Half Eagle, PR68
Only 125 Matte Proofs Minted
Top-Grade Registry Set Contender
1914 $5 JD-1, Low R.5, PR68 NGC. The Philadelphia Mint
struck 125 proof Indian half eagles in 1914, a slight increase over
the previous year. The proofs were delivered in two batches, with
50 coins delivered on September 28 and another 75 pieces on
December 11. A single pair of dies was used to strike all the
proofs. Unfortunately, collector demand for proofs continued to
decline during this era, because collectors much preferred the
brilliant finish used on gold proofs of earlier years to the
various matte, or sandblast, finishes used on proofs from 1908 to
1915.John Dannreuther, commented on this date in his 2018 book, United States Proof Coins, Volume IV: Gold:
"The look of the 1914 is like the 1913 with slightly darker surfaces. It is possible the changes in texture were intentional, as the Mint may have been trying to attain a surface texture that collectors would like. With the end of Proof gold coinage in 1915, there was no more experimentation ... The popularity of this date makes it more salable than those from 1911 to 1913, just as the 'low' mintage 1915 is more popular than the 1914, although it is only slightly rarer. Collectors like this date and sometimes pay a premium over the same grade from the previous years' output."
Dannreuther estimates the surviving population of 1914 proofs at 65 to 75 examples in all grades. NGC has certified four coin at the PR68 grade level, with one of those pieces awarded a Plus designation, and none finer, while PCGS has grade just a single example in PR68, also with none finer (11/24). Even that small total may include some resubmissions. We have provided a Condition Census of the high-grade coins known to us below.
The present coin was once a highlight of the famous Richmond Collection. A high wire rim or fin completely encircles the obverse of this magnificent PR68 example. Even lengthy examination with a magnifier fails to reveal any mentionable marks, shiny spots, or alloy spots on the pleasing orange-gold surfaces that might be used for future identification purposes. Razor-sharp definition is evident on all design elements and overall eye appeal is terrific. This coin is widely regarded as the second-finest known example of this rare proof gold issue. It should find a home in the finest collection or Registry Set. Census: 4 in 68 (1 in 68+), 0 finer (11/24).
Condition Census of 1914 Proof Half Eagles
Grades are per the last auction appearance unless a more recent certification event is known.
1. PCGS PR68 CAC. Baltimore Auction (Stack's Bowers, 11/2015), lot 20119, where it sold for $111,625; Baltimore Auction (Stack's Bowers, 3/2017), lot 3115, where it brought $246,750; D.L. Hansen Collection.
2. NGC PR68. Richmond Collection, Part I (David Lawrence, 7/2004), lot 1558, where it realized $71,300; FUN Signature (Heritage, 1/2006), lot 3516, where it realized $70,725. The present coin.
3. NGC PR68. Bob R. Simpson Collection / Long Beach Signature (Heritage, 2/2021), lot 3110, where it sold for $96,000.
4. PCGS PR67. Koessel Collection (per the PCGS Set Registry).
5. PCGS PR67. Abe Kosoff, sold privately, circa 1970; Sam and Rie Bloomfield Foundation Collection (Sotheby's, 12/1996, lot 53 (as a raw proof), where it brought $20,900; Tacasyl Collection (Bonhams, 9/2013), lot 1016, where it realized $93,600; Legend Rare Coin Auctions (11/2018), lot 333, where it sold for $108,687.50.
6. NGC PR67. Central States Signature (Heritage, 4/2019), lot 3891, where it brought $54,000; Weekly Online Auction (heritage, 1/2021), lot 27904, realized $63,000; ANA U.S. Coins Signature Auction (Heritage, 8/2023), lot 3216, realized $69,000.
7. NGC PR67. U.S. Coins Signature Auction (Heritage, 8/2022), lot 4065; realized $72,000.
8. PCGS PR66 CAC. Leon Hendrickson Collection (Heritage, 12/2015), lot 3372, $64,625.
9. PCGS PR66 CAC. Dr. Robert J. Loewinger Collection (Heritage, 1/2007), lot 3135, where it realized $51,750; FUN Signature (Heritage, 1/2012), lot 4946, where it sold for $46,000; Heritage (5/2012), lot 5105, where it sold for $74,750; Long Beach Signature (Heritage, 9/2013), lot 6801, where it brought $64,625.
10. PCGS PR66. Listed in the PCGS Population Report.
From The rhp Collection.
Coin Index Numbers: (Variety PCGS# 106958, Base PCGS# 8545)
Weight: 8.36 grams
Metal: 90% Gold, 10% Copper
View all of [The rhp Collection ]
Auction Info
2025 January 14 - 19 FUN US Coins Signature® Auction #1380 (go to Auction Home page)
Auction Dates
January, 2025
14th-19th
Tuesday-Sunday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 308
Buyer's Premium per Lot:
20% of the successful bid per lot.
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