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1872 $5 Liberty PCGS EF45

Currency:USD Category:Coins & Paper Money / US Coins Start Price:100.00 USD Estimated At:100.00 - 1,000,000.00 USD
1872 $5 Liberty PCGS EF45
<b>1872 &#36;5 Liberty. PCGS graded EF45.</b> After a sizable production of Half Eagles in 1861, only token quantities of that denomination were struck at the Philadelphia Mint between 1862 and 1872. Gold coins did not circulate during that era on the East coast and Midwest due to Gresham &#39;s Law, and they were valued at a premium relative to dubiously backed Federal paper money. One may wonder why these very low mintage issues were struck at all. A possible reason may have been to reduce speculation on Proofs of the same date. Just 1,660 1872 Half Eagles were made, and only a small portion of these have survived. This is a nice example of a rare Philadelphia mint with traces of mint luster in the deeper devices and contact marks in accordance with the grade. PCGS has graded a total of 27 coins for this issue and no more. A scarce coin in any grade <b>&#40;PCGS # 8325&#41;</b>

Our item number 121728