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    Gorgeous 1868 Half Eagle, PR64 Deep Cameo

    1868 $5 PR64 Deep Cameo PCGS. This noted early Motto half eagle proof issue's stated mintage is likely accurate, given comparisons to survival rates of nearby issues, most of which have published production figures between 20 and 50 coins. Garrett and Guth comment about the issue's availability: "As would be expected for a coin with a minuscule mintage of only 25 coins, the 1868 half eagle is exceedingly rare in Proof. There are only 10 or 12 coins known, with a few being impaired."
    A corollary of the 1868's absolute rarity is how infrequently examples change hands. Garrett and Guth, writing in 2006, noted just three auction appearances from 1991 to 2005. February 2006 saw Heritage offer a PR65 Deep Cameo exemplar, which led the cataloger to note: "To the best of our knowledge, this is the first time that we have offered a Proof example of this issue in any of our Signature Auctions over the years, a powerful statement given the number of rarities that we have handled." A survey of the Auction Archives reveals that this is only the second representative of the 1868 proof half eagle to appear in a Heritage sale.
    Offered here is a gorgeous example, decisively struck with remarkable eye appeal. Each side boasts an outstanding cameo effect, consistent with other known unimpaired specimens, and the contrast between the gorgeously frosted devices and the impressive mirrors borders on absolute. Though a few tiny lint marks and minor hairlines appear in the fields, these flaws have only a trivial effect on the overall visual appeal. The only PR64 Deep Cameo example acknowledged by PCGS, with only one finer Deep Cameo coin listed in the Population Report (5/08).
    From the Fern E. Wagner Trust.(Registry values: P4) (PCGS# 98463)

    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 Fern E. Wagner Trust ]

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    Auction Info

    Auction Dates
    June, 2008
    26th-29th Thursday-Sunday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
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