Lot 1595
1911-D $5 Indian PCGS MS64. PCGS graded MS-64+. CAC Approved. Well struck and frosty. Only 72,500 minted of which merely 2,166 examples are estimated to have survived, and nearly 90 percent of those survivors are in circulated grades. While the mintage of this date and mint was certainly low when compared with other dates and mints, its what happened to the coins that varies. For unknown reasons virtually all of the 1911-D half eagles entered circulation, and most stayed there for a time. Naturally the majority of those struck were melted down in the gold coin call in of 1933, and subsequently melted by the authorities. Thus for collectors, finding any example of this date and mint in Mint State requires patience and wherewithal. Today, this historic offering has come out of the woodwork so to speak, from a collection that was put together long ago by a most astute numismatist. Today this coin--which has been off the market for two or more generations--is considered the third finest of the date as certified by PCGS. NGC has two others that grade MS-65, but none finer at that grading service. In point of fact, of the PCGS coins reported, only the famous O'Neal coin and Simpson coin are considered marginally finer.
While the Denver Mint produced three scarce gold coins in 1911, the Indian quarter eagle is the most famous as it is the only real standout rarity of the Indian quarter eagle series, and the well known key to that set. The Indian eagle is also scarce in its own right, while the Saint-Gaudens double eagle is downright common for this year. The Indian half eagle would seem to be plentiful enough given the number produced but this is only true in circulated grades. Even in low end Mint State grades this is a tough date to find. The 1911-D half eagle is known for below average luster and often is found with abraded surfaces, limiting the grade and of course, the eye appeal. Hence, this gorgeous, high end coin on the cusp of the gem level comes highly recommended! Make sure to view is stunning charms before the auction and bid accordingly if you expect to capture this prize. Pop 1; 2 finer, 1 in 65, 1 in 65+ (PCGS # 8521) Estimated Value $50,000-UP
Ex. US Gold from a prominent midwestern family collection.
|
| |
| Realized $152,750 |
