LOT Old Heritage Auctions  /  2008 April Rosemont, IL (CSNS) US Coin #1104  / 

2250

1867 5C Rays PR62 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:18,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1867 5C Rays PR62 PCGS
<B>1867 5C Rays PR62 PCGS.</B></I> The 1867 With Rays nickel in proof format is a classic rarity, with probably no more than several dozen or so known. The mintage is unknown, though David Bowers in his Shield and Liberty Head nickel reference estimates it to be 55 to 80 pieces. Bowers' estimates are based, in least in part, on the research of John Dannreuther, who Bowers says: "... has studied the die technicalities, has demonstrated that Proofs were struck on several runs. Per the same authority, an estimated 15 originals were made in 1867, plus perhaps three or more times that many were made on at least five later production sequences."<BR> Uniform golden-gray patina bathes both sides of this PR62 specimen, obscuring its reflectivity. An attentive impression, befitting a proof strike, emboldens all of the design elements. A reverse mark at 4:30 limits the grade.<BR><BR><B>Coin Engraver:</B> James B. Longacre<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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