Lot 2910
1906 $5 Liberty. NGC graded Proof 65 Cameo. A beautiful untoned coin. 85 Proofs minted. This very attractive coin is deeply reflective and shows some light frosting over the devices, which yields a moderate cameo effect, enough to be so designated on the grading holder. We speak of this since it is somewhat unusual after the Mint went to a no-contrast method of Proofing after 1901. Usually only the first coins struck off of new dies carry any contrast, though it seems the Mint began returning in 1905 and more in 1906 to the practice of frosting the recessed devices in the dies. Lovely orange-golden color covers each side, with orange-peel rippling when the coin is viewed at an angle, and there are no obvious or detracting blemishes present. Sits squarely in the Gem class. (The 1906 and 1907 Liberty Half Eagles are the last pieces in the this series in which examples are made in Proof quality. Both years saw a total Proof mintage of fewer than 100 pieces. Although 1908 Liberty Head half eagles were coined for a brief period, no Proofs were issued.) Pop 5; 12 finer (PCGS # 88501) .
Estimated Value $24,000 - 25,000.
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