1903 $5 PR67 Cameo NGC....

Description

Rare 1903 Five Dollar, PR67 Cameo

1903 $5 PR67 Cameo NGC. Proof half eagles saw a production of only 154 coins in 1903. Walter Breen, in his 1988 Complete Encyclopedia of U.S. and Colonial Coins, contends that the proof five dollar pieces of 1866-1907--that is, the Coronet Head with Reverse Motto design type--are rarer than their mintages suggest, and that many survivors are impaired. Similarly, David Akers, in his 1979 United States Gold Coins, An Analysis of Auction Records reference, states that "Proofs are rare."
NGC and PCGS combined have graded 115 Coronet with Motto half eagle specimens, with the modal grade being in the Select to near-Gem proof range. Fewer than 30 coins have been assigned the Cameo designation, and none the Ultra or Deep Cameo classification.
The current Superb Gem Cameo displays breathtakingly uniform brass-gold coloration. Moderately frosted motifs stand out amidst the deeply mirrored fields, yielding a gold-on-black appearance when the coin is observed from various angles. An exacting strike delivers full delineation to the design elements, and close examination with a loupe reveals no mentionable marks. Indeed, nothing on the coin's surface yields even a hint of a pedigree marker. In summary, this piece exhibits outstanding technical quality and aesthetically pleasing overall eye appeal, and as such is sure to draw close attention from specialists in proof gold coinage. Census: 5 in 67 Cameo, 1 finer Cameo (7/09).(Registry values: P1)

Coin Index Numbers: (NGC ID# 28D9, PCGS# 88498, GSID# 9294)

Metal: 90% Gold, 10% Copper
Weight: 8.36 grams
AGW: 0.24188oz
Melt Value: $243.09
Gold Spot: $1,005/oz (09-11-2009)

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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