1908 $5 Indian PR(PCGS#8539)

The Regency Auction 47

拍卖行

Legend Rare Coin Auctions

批号

374

等级

PR66

价格

607,064

详细说明

What an incredible GEM MATTE PROOF $5. While today these are ultra popular and highly coveted among gold coin collectors, at the time they were struck the Matte Proofs were such a deviation from the Cameo and Brilliant Proofs of the Liberty Head series, that contemporary collectors did not appreciate the artistic nature of their production. Today, totally original GEMs, like the one offered here are highly prized by sophisticated collectors. At the time of issue, these were not popular, as collectors were familiar with the brilliant mirror finish proofs struck up to 1907. With the new design, mint officials began experimenting with the sand blast finishes that were being produced in France, Britain, and Italy. The original mintage reported was 500 struck on November 25, 1908, of those, 167 were sold to collectors and delivered on December 30. The remaining coins were subsequently melted. In his new reference on Proof Gold coins, scholar and researcher John Dannreuther estimates that 80-100 survive in all grades. Easily one of the FINEST that survives, a fact borne out by the population data, as PCGS has graded a mere five in higher grade. That said, it is highly unlikely that many possess the stunning visual allure and technical quality of this monster. Millions of tiny facets from the sandblast finish sparkle in the light, twinkling like tiny stars. The color is the perfect olive-green gold that its characteristic to unmolested, unconserved, totally original Matte Proof gold. Coins that have been messed with have khaki or pale gold color. A strong glass reveals nothing but the most insignificant tiny flakes in the surfaces, which are microscopic and visible only with a glass. The eye appeal is off the charts! PCGS 21, NGC 26, CAC 10. The most recent example to sell in auction realized $84,000 in February 2020 and we sold one in March 2019 for $91,063. The current CAC CPG value is $108,000 and the PCGS Price Guide value is $85,000. We think this coin will end up selling in that range. Excessively RARE any finer, there are 2 in 66+, 2 in 67, and a single 67+ at the top of the Population, which sold back in July 2013 for $152,750. Bound for a world class gold collection, we expect intense bidding for this PQ GEM! Good luck! Cert. Number 42119702 PCGS # 8539.00