Goldberg Coins and Collectibles

Sale 47

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Lot 4434

1862 $5 Liberty. PCGS graded Proof 63 Deep Cameo PQ. CAC Approved. Lovely rich golden toning. Only 1 example graded in Deep Cameo at PCGS. Only 35 pieces struck. As certain as night begets day, the 1862 Proof half eagle is a coin that is rare in both coining formats, not only as a Proof, but also as a business strike. Its rarity is beyond reproach since as a Proof, only 35 pieces were struck for collectors! Survivors might almost be counted on the fingers of both hands. In the 1982 Eliasberg catalog, Bowers opined that "only a dozen or so can be traced," and Breen (1988) estimated that "fewer than 12 are traceable." We believe there may be collectible only 8-10 pieces today, excluding those in museums.

Proofs were struck on February 16, 1862, and this piece, as with all Proof 1862 fives, shows a diagnostic dot near the center of the shield. It has razor-sharp details and smooth, swirling reflectiveness in the field on both sides. Just a few hairlines show while the devices are covered in micron-fine satin frost. The devices display rich mint color giving the coin a pronounced beauty surpassing its modest numerical condition. Collectors of Proof gold will want to follow it closely on the auction block, as it may be many auction cycles before another such opportunity will present itself. Pop 1; none finer at PCGS (PCGS # 98452) .
Estimated Value $30,000 - 35,000.
Ohringer Family Trust Holdings.

Realized $63,250

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