LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

3206

1877 $5 MS61 Prooflike NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:18,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1877 $5 MS61 Prooflike NGC
<B>1877 $5 MS61 Prooflike NGC.</B></I> The 1877 is a well-known rarity in the half eagle series, primarily because of the extremely low mintage of 1,152 coins struck for circulation. Probably only 70 to 80 pieces are known today in all grades, the vast majority of which are not Uncirculated. <BR> Breen notes the importance of buying a genuine coin from the Philadelphia Mint: : Business strikes (1 obv., 2 revs. made) have centered date, rust pits on neck." He also noted "most are EF." Only 12 coins have been graded in Uncirculated grades, with another six certified as Prooflike (three of which are less than MS60). These are obviously among the first coins off the dies, struck before the original prooflike sheen had a chance to diminish. This piece is sharply defined, except for softness on the eagle's neck, and the fields show a confirmed glimmer of reflectivity. Even reddish-gold color over each side with a few minor marks which account for the grade. Census: 1 in 61 Prooflike, 2 finer (12/07).<BR><BR><B>Coin Engraver:</B> Christian Gobrecht<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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