LOT #3385 |
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1862 $5 PR65★ Cameo NGC. JD-1, High R.6....
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Sold on Aug 22, 2022 for:
$126,000.00
Bid Source: Internet bidder
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Description
1862 Half Eagle, PR65★ Cameo
About a Dozen Proofs Extant
Impeccable No Motto Rarity
1862 $5 PR65★ Cameo NGC. JD-1, High R.6. Ex: Twin Maples
Collection. After the federal government stopped specie payments in
1861, it made little sense to produce further gold coins. Mintages
were tiny throughout the War. Only 4,430 five dollar gold pieces
were struck for circulation in 1862. Another 35 proofs were
produced. Today, it is reliably estimated that about two dozen
business strikes have survived. Regarding the proofs of this date,
Garrett and Guth summed them up this way:" ... between 10 and 12 coins known, three of which are in the collections of the Smithsonian and the American Numismatic Society. ... The population numbers probably include duplicate resubmissions, as many of these very rare coins are sent in multiple times due to the increased value of just one point on the grading scale. It is remarkable that during the Civil War the nation was able to produce such beautiful coins."
Picking up on this last point about the quality of coins produced, this is a wonderful proof coin and could just as easily have been produced 30 years later. The fields are deeply reflective on each side. As indicated from the Cameo designation, the devices show a significant overlay of mint frost that produced the stark contrast. Die striations appear in the fields on each side and were not sufficiently polished out of the die prior to striking, but these are not to be confused with hairlines. The only contact mark of any note that can be used for pedigree purposes is located on the back part of the neck of Liberty. Census: 1 in 65 Cameo (1 in 65★ ), 0 finer (6/22).
Ex: ANA Signature (Heritage, 8/2007), lot 1938; Rarities Sale (Stack's Bowers, 5/2015), lot 61.(Registry values: P4)
Coin Index Numbers: (NGC ID# 28BX, PCGS# 88452, Greysheet# 9171)
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.
View all of [Important Selections from The Bob R. Simpson Collection, Part IX ]
Auction Info
2022 August 22 - 28 US Coins Signature® Auction #1348 (go to Auction Home page)
Auction Dates
August, 2022
22nd-28th
Monday-Sunday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 841
Buyer's Premium per Lot:
20% of the successful bid per lot.
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