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    Singular PR67 Ultra Cameo 1897 Five

    1897 $5 PR67 Ultra Cameo NGC. In the Encyclopedia of U.S. Gold Coins entry for this issue, Garrett and Guth note: "The Proof half eagles of 1897 are of about the same rarity as those of the previous few years." In other words, approximately 25 to 30 individual specimens survive; while NGC and PCGS show 43 certification events between them, proof gold is notorious for resubmissions due to the immense difference in price created by a single grading point.
    Those survivors come from a pool of just 83 pieces, the stated proof mintage for half eagles that year, with an unknown quantity melted as unsold. It is worth noting that while the proof 1896 half eagle had a three-figure mintage, it is of comparable availability to the 1895 and 1897 issues, suggesting a relatively large excess coinage in 1896 that did not occur the year before and was not repeated. This assessment of the proof 1897 half eagle's rarity makes it a very rare coin regardless of condition.
    This Superb Gem is tied for the finest proof 1897 half eagle in the combined certified population, regardless of Cameo status (11/11); that this specimen is an amazing Ultra Cameo piece in the grade and singular as such is a wonderful bonus. The gold-frost, pale over decisively struck devices, supplies the contrast to gold-or-black mirrors that are at once flashy and deep with a hint of "orange-peel" texture. This piece shows few irregularities that could serve as pedigree markers; two small milky spots to the right of the portrait will have to do.(Registry values: P2) (NGC ID# 28D3, PCGS# 98492)

    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
    January, 2012
    4th-8th Wednesday-Sunday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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