1906 Liberty Five, PR67 Cameo
1906 $5 PR67 Cameo NGC. Ex: Trompeter. Mintage of proof half
eagles declined sharply in 1906, with only 85 pieces struck. This
minuscule production total was the smallest of the series after
1898 and the coins are predictably quite difficult to locate in
today's market. David Akers believed 50-60 examples survived in all
grades, which would represent a higher-than-average survival rate
for an early 20th century proof gold issue. Population data is
heavily distorted by resubmissions and crossovers, as NGC and PCGS
have recorded a total of 119 submission events between them, far
more coins than were minted in the first place. Cameo examples are
especially elusive, and no coins have been graded with Deep or
Ultra Cameo designations (5/15). Jeff Garrett and Ron Guth
Only 85 Examples Struck
"... these issues are a bit more difficult to locate than some of the earlier ones ... The population numbers are highly inflated for the issue by resubmissions. Population reports indicate that there is a large cluster of coins graded PF-64, many of which are the same coin seeking a PF-65 designation. Most of the coins seen are only slightly frosted on the devices."
Gold proof sets of 1906 began making auction appearances at least as early as the David M. Kunz Collection (Henry Chapman, 12/1908), where the set was broken up and the four coins were offered individually (gold proof sets of 1902 through 1905 were offered in a similar fashion, as well). The 1906 proof half eagle was described simply in lot 235 as "1906 Brilliant proof." Proof gold coins commanded small premiums when offered in the early 20th century, but prices have risen dramatically in recent times. A spectacular PR67 Cameo PCGS example in lot 5465 of the FUN Signature (Heritage, 1/2014) realized $64,625.
The coin offered here is a magnificent Superb Gem, with sharply defined design elements that show the slightest touch of softness on the arrow fletching. The date is positioned high and a die chip is evident between R and T in LIBERTY. The devices are modestly frosted and contrast noticeably with the deeply mirrored fields. The pristine lemon-yellow surfaces are free of mentionable distractions and the visual appeal matches the outstanding technical quality. Census: 5 in 67 Cameo (1 in 67+ Cameo), 1 finer (5/15).
Ex: Ed Trompeter Collection; Heritage Auctions, circa 1998; private collection.
From The Ed Trompeter Collection of Proof $5 Liberties.(Registry values: P1) (NGC ID# 28DC, PCGS# 88501)
Weight: 8.36 grams
Metal: 90% Gold, 10% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
View all of [The Ed Trompeter Collection of Proof $5 Liberties ]
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