Description

    Lovely PR65 Cameo 1887 Five Dollar

    1887 $5 PR65 Cameo NGC. Two gold denominations, the half eagle and double eagle, were proof-only at Philadelphia in 1887, and of all the rest, only the eagle was minted in more than token quantities as a business strike. The date has become synonymous with challenging proof gold. Among With Motto Liberty proof half eagles, it ranks as the second most expensive date in all grades, behind only the still-more-legendary 1875 (whose 20 proofs are linked inextricably to the same date's mere 400 business strikes), and even in the No Motto era, there are no pre-1859 dates which provide a suitable challenge, at least at the Select proof level of preservation.
    The other side of the proof 1887 half eagle's rarity is that while the date is undoubtedly elusive, the constant demand has created strong incentives for owners to sell, and the issue appears at auction with more frequency than others in the same range. Of course, such figures are relative rather than absolute, and even the appearance of two examples of the date in this auction cannot change that fact.
    These facts make the offering of the present coin all the more important and impressive. It has rich lemon-yellow luster in reflective fields that show light patina and orange-peel texture, and surrounded by the fields are boldly impressed and thickly frosted devices. Only a few light hairlines stand between this near-Gem and an even finer designation. Census: 2 in 65 Cameo, 0 finer (11/10).
    From The Henry Miller Collection.(Registry values: P5) (NGC ID# 3YPF, PCGS# 88482)

    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 Henry Miller Collection ]

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    Auction Dates
    January, 2011
    5th-9th Wednesday-Sunday
    Bids + Registered Phone Bidders: 4
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    The pre-sale publicity was more than I imagined, and the actual catalog better than I had expected - and my expectations were high!
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    Jim Beasley, Tilden Coin Company,
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