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

2456

1909 $5 MS66 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:32,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1909 $5 MS66 PCGS
<B>1909 $5 MS66 PCGS.</B></I> The Indian Head half eagle series has several elusive dates, and even issues with generous mintages can be quite rare in Gem grades. A case in point would be this 1909 five dollar. Despite the plentiful mintage of 627,060 business strikes, only a handful qualify as Gems today, and in this next grading tier, a total of 12 coins have been awarded the MS66 grade from both NGC and PCGS, with none finer.<BR> David Akers commented about the rarity of this issue in higher grades, in <I>A Handbook of 20th-Century United States Gold Coins, 1907-1933</B></I> "The 1909 is clearly not one of the major rarities of the series but it is certainly very difficult to locate in MS-64 or higher grade. Below that level specimens can be located with relatively little searching. True Gems are very rare, maybe two dozen existing in all, and superb quality examples (better than MS-65) are exceptionally rare and, for all practical purposes, unobtainable."<BR> This Premium Gem displays exceptional luster issuing from what Akers calls "soft" frosty surfaces bathed in beautiful peach-gold color. Additionally, an attentive strike brings out excellent definition on the design elements, including the Indian's hair and headdress feathers. Only the eagle's shoulder reveals some minor softness, which is typical for the issue. Close examination shows just a few minor ticks; even the raised, exposed fields are impeccably preserved. A truly wonderful condition rarity coin. Population: 7 in 66, 0 finer (3/08).<BR><BR><B>Coin Engraver:</B> Bela Lyon Pratt<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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