Description

    1876 Five Dollar, PR65 Ultra Cameo
    Only 45 Proofs Struck Plus 1,387 Business Strikes

    1876 $5 PR65 Ultra Cameo NGC. The year 1876 continued to be a low mintage one for half eagles as only 1,387 business strikes and 45 proofs were coined. Today, any 1876 five dollar is considered very rare. Most of the business strikes closely resemble proofs with mirrored fields and frosted devices, however, proofs are easily distinguished by the presence of a small die lump on Liberty's neck just below the jaw, vertically above the 1 in the date. Proofs were struck on two occasions in 1876: 20 pieces on February 19, and 25 pieces on June 13. All 45 coins used the same die pairing.
    As with most proofs from the 19th century, attrition took a heavy toll on the numbers known today. This seems counterintuitive as one would expect rarities to be saved in greater numbers as a percentage of the mintage. That does not seem to be case, though. Only 15 to 20 proof 1876 fives are believed extant, approximately the same percentage of survivors found in other dates and denominations of proof gold.
    This is a fully brilliant, fully struck example. A few hairlines are detected in the fragile fields with light magnification, but there are few singularly mentionable marks or spots worthy of consideration as pedigree identifiers. The most obvious is a small dark spot below the 18 in the date. This coin displays stunning black-on-gold cameo flash when tilted in the light. Census: 2 in 65 Ultra Cameo, 0 finer (3/12).
    Ex: Long Beach Signature (Heritage, 2/2002), lot 15481; FUN Signature Auction (Heritage, 1/2006), lot 3501, realized $46,000, as noted in Garrett-Guth (1996), page 297.(Registry values: P4) (NGC ID# 28CD, PCGS# 98471)

    Weight: 8.36 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Dates
    April, 2012
    18th-22nd Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
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