LOT Heritage Rare Coin Galleries  /  2007 Jan (FUN) Heritage Signature Coin #422  / 

3133

1912 $5 PR67 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:36,000.00 USD Estimated At:1.00 - 2.00 USD
1912 $5 PR67 PCGS.
<B>1912 $5 PR67 PCGS.</B></I> It has been said that the matte finish gold proofs of the Indian designs were unpopular with collectors of the day. Breen (1988) states, "They were unpopular because they are darker and duller than business strikes. Many were melted in 1916 as unsold." Yet proof mintages are comparable with the later Liberty dates, and no downward trend can be extrapolated from the Indian proof gold mintages, although the cent and nickel matte proof production shows a general decline after the introductory issues of 1909 and 1913, respectively. Probably the reason for this is that the matte proof cents and nickels often have a satiny appearance similar to high grade business strikes of the same dates. This is not the case for the matte proof gold coins, which have an entirely different look than their commercial counterparts. For the 1912, Breen notes, "Proofs have a fine sandblast finish, like 1913. Under a microscope they show millions of minute shiny facets."<BR> This is an essentially perfect Superb Gem with unperturbed and finely granular surfaces. Since no marks are present, the piece passes one of Breen's diagnostics for proofs. Regarding counterfeits, he cautions, "Some of these fraudulently altered coins aroused suspicion because the sandblast finish covered nicks and scratches." Even the finest quality business strikes show faint grazes on the fields or cheekbone, but none are evident on this specimen. The light gray-gold devices are exquisitely detailed. The proof 1912 has a scant emission of 144 pieces, and PCGS has only certified just 30 examples in all grades. Population: 7 in 67, 0 finer (10/06).<BR><I>From The Dr. Robert J. Loewinger Collection.</B></I><BR><BR><b>Shipping:</b> Coin/Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>) <BR><BR><B>Importa
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