Goldberg Coins and Collectibles

Sale 44

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Lot 2405

1900 $5 Liberty. NGC graded Proof 65 Ultra Cameo. A flashy untoned gem. This sparkling Gem Proof boasts swirling mirror effects like the companion coins in this run of 1900 Proof denominations, and uncommonly sharp striking detail for any Proof half eagle. At best, it is often not easy to find such vibrancy. All too many are dullish or covered in hazy toning. This coin displays brilliant flash. So, too, crisp definition on the main devices improves the visual image of near-perfection. And as in the preceding quarter eagle, it seems certain mathematically exact standards were used in the striking of it. Lovely "orange-peel" mirrors on both sides. Only 230 proofs struck. Pop 8; 7 finer; 4 in 66; 2 in 67; 1 in 68. (PCGS # 8495) .

The nature of the "orange-peel" effect on Proof gold coins: After the dies are hubbed and the date is applied, the die is given multiple polishes with progressively finer and finer polish. The last polish given to the dies prior to being hardened gives the field a surface quite like a mirror. This is the deepest mirror attainable on the dies. When the die is hardened, the metal shrinks slightly creating a wavy effect on the polished surfaces. It looks somewhat like the surface of an orange. When you see orange peel on a Proof issue you can be sure that it is one of the first examples struck from those dies. Later polishing to the already hardened dies will produce a flatter and shallower mirror.
Estimated Value $25,000 - 30,000.

Realized $37,950

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