1892 $5 PR67 Ultra Cameo NGC....

Description

1892 Half Eagle, PR67 Ultra Cameo
Single Finest Certified Example
Incomparable Quality and Eye Appeal

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 none finer in any designation, while PCGS has graded no specimens in their corresponding PR67 Deep Cameo grade, also with none finer (10/10). A search of auction records indicates Heritage has handled only one 1892 proof with this kind of cameo contrast in previous auctions, the PCGS graded Choice proof Deep Cameo example in the Long Beach Signature Auction (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 breath taking. This coin deserves a place in the finest collection or Registry Set.(Registry values: P3)

Coin Index Numbers: (NGC ID# 28CW, PCGS# 98487, Greysheet# 9262)

Weight: 8.36 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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