2171

1911 $5 Indian NGC Proof 66

Currency:USD Category:Coins & Paper Money / US Coins Start Price:16,000.00 USD Estimated At:32,000.00 - 35,000.00 USD
1911 $5 Indian NGC Proof 66
1911 $5 Indian. NGC graded Proof 66. Only 139 Matte Proofs struck for the year. We note some lighter areas peeking through the rich beige blast matte proof color. A wonderful Matte Proof gold coin. In a select group at this grade level. Only 139 struck. This example is phenomenal for its deep strike. Nearly all matte or sandblast Proof gold issues are, but few can hold a candle to this specimen. The surfaces have a microscopically grainy appearance with myriad points of tiny bright facets from the effect of sand-blasting the struck coin directly after being taken out of the coining press. So perfect is it that the coin is pretty much "as struck," it follow, then, the surfaces are devoid of noticeable blemishes or handling signs. There are no copper stains. This half eagle is positioned perfectly to attract the most experienced -- may we say "refined"? -- buyer. We expect considerable activity today because of the strong gold market and also a stronger than usual market in great American gold Proofs.

The Indian design half eagles, along with quarter eagles were unique in American numismatics. The Mint in Philadelphia was experimenting with different coin styles at the time and grabbed onto Pratt's "recessed relief" plan of sinking the design below the surface of the coin. Types of finish for Proof coins were also experimental in this period, ranging from satiny bright (the so-called Roman finish of 1909-10) to varying stages of sandblast (1908 and 1911-15) for the various gold denominations, not only the five-dollar pieces. Pop 16; 10 in 67, 4 in 68 (PCGS # 8542) .
Estimated Value $32,000 - 35,000.