Description

    Important Proof-Only Issue 1887 Half Eagle

    1887 $5 PR58 PCGS. This is a very rare proof coin which was likely spent by an owner who fell on hard times, and was recovered from circulation before the mirror surfaces were worn away. The strike is typical of a proof, with bold details on each tiny device, and no signs of weakness anywhere. Minor surface abrasions from circulation, typical of any gold coin which spent even the briefest time in the channels of commerce. This fate was not uncommon and it is likely that the vast majority of the 87 struck in proof ended up in circulation. In fact, PCGS and NGC have graded a few others as PR55 and a total of 3 as PR58. For the collector, this is a more affordable example of this issue, as a higher grade Choice or Gem Proof will undoubtedly bring multiples of what this coin will realize. Pleasing orange-gold color throughout, and still a very attractive coin. Population: 1 in 58, 7 finer (6/06).
    From The Jackson Hole Collection.(Registry values: P5) (NGC ID# 28CR, PCGS# 8482)

    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
    July, 2006
    5th-8th Wednesday-Saturday
    Bids + Registered Phone Bidders: 6
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    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
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