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    1892 Five Dollar, PR67 ★ Ultra Cameo
    Starkly Contrasted, Finest Certified

    1892 $5 PR67 ★ Ultra Cameo NGC. By the 1890s, the craftsmen of the Philadelphia Mint had thoroughly mastered the art of proof coinage. The annual proof set offerings were immensely popular with collectors, and the program provided a tidy profit every year for the Mint's coffers. Because of their large intrinsic value, gold proofs were ordered less frequently than the minor and silver issues, but collectors like Virgil Brand and John M. Clapp could be counted upon to order sets every year. The 1892 proof half eagle claims a comparatively large mintage of 92 pieces, but the issue seems to be just as rare today as the lower-mintage dates of the era. Jeff Garrett and Ron Guth estimate only 20-30 examples are extant in all grades.
    The coin offered here may be the finest-known specimen of this rare issue. Current population data reveals NGC has certified only this coin in PR67 Ultra Cameo, with or without the Star designation. None are finer in any designation, and PCGS has graded no specimens in their corresponding PR67 Deep Cameo grade, also with none finer (6/11). A search of auction records indicates Heritage has handled only one other 1892 proof with this kind of cameo contrast in previous auctions, the PCGS-graded Choice proof Deep Cameo example in the Long Beach Signature (Heritage, 5/2009), lot 1702. As nice as that coin was, it cannot compare to this magnificent example.
    The present coin possesses mirrored fields with fathomless depths of reflectivity. The surfaces display the characteristic orange-peel texture found on the best proofs of the era, while the design elements are fully struck and frosty. The profound field-device contrast gives the coin an intense black-on-gold flash when the coin is tilted in the light. The visual appeal of this specimen is breathtaking. This coin deserves a place in the finest collection or Registry Set.(Registry values: P3) (NGC ID# 28CW, PCGS# 98487)

    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 Info

    Auction Dates
    July, 2011
    7th-10th Thursday-Sunday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 1,944

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