1894 $5 PR64 Ultra Cameo NGC. CAC....

Description

1894 Half Eagle, PR64 Ultra Cameo
Underrated Proof Gold Rarity
Ex: Eliasberg-Trompeter

1894 $5 PR64 Ultra Cameo NGC. CAC. Ex: Trompeter. Despite the relatively large reported mintage of 75 pieces, Walter Breen believed the 1894 proof Liberty half eagle was the rarest issue of the series after 1892. No more than 20-30 examples survive today in all grades, including two coins in the National Numismatic Collection at the Smithsonian Institution and another piece in the collection of the American Numismatic Society. NGC and PCGS have recorded a total of 50 submission events between them, but the cluster of 21 submissions in PR64 grades suggests this total is heavily inflated by resubmissions and crossovers (5/15).

The present coin was once a highlight of the fabulous Eliasberg collection and was acquired by proof gold connoisseur Ed Trompeter when that prestigious gathering was sold. The date shows the diagnostic upward slant, with the 4 unusually close to the bust truncation. The 9 is closed and the crossbar of the 4 is notched. The design elements are well-detailed, with a richly frosted texture that contrasts profoundly with the deeply mirrored fields. Eye appeal is exceptional. Census: 4 in 64 Ultra Cameo (1 in 64+ Ultra Cameo), 5 finer (5/15).
Ex: Louis E. Eliasberg, Sr.; United States Gold Coin Collection (Bowers and Ruddy, 10/1982), lot 587; Ed Trompeter Collection; Heritage Auctions, circa 1998; private collection.
From The Ed Trompeter Collection of Proof $5 Liberties.(Registry values: P3)

Coin Index Numbers: (NGC ID# 28CY, PCGS# 98489, Greysheet# 9268)

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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