September 15, 2003, Pre-Long Beach Sale - Coins, Sale 21

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Gold $5 (Liberty With Motto)

 
Lot 1145        1866-S $5 Liberty. With motto. PCGS graded MS-63. A choice coin that boasts flashy luster and a bit of hazy toning. Excellent surfaces that show scattered marks in the fields (Photo).
Estimate $375-400.
 
Lot 1146        1869-S $5 Liberty. PCGS graded VF-30. In old green holder. Lightly toned. Only 31,000 struck for circulation (Photo).
Estimate $400-500.
 
Lot 1147        1869-S $5 Liberty. PCGS graded VF-20. A scarce date in grades above VF. In an old green holder (Photo).
Estimate $350-400.
 
Lot 1148        1872 $5 Liberty. PCGS graded MS-62. A wonderful boldly struck example with lovely orange toning and prooflike surfaces. A mere 1690 pieces were struck of which only a small handful of survivors exist. In an old green holder. Pop 1 with 3 higher , 1 in MS-63 and 2 in MS-64 (Photo).
Estimate $10,000-12,000.
 
Lot 1149        1873 $5 Liberty. Open 3. NGC graded MS-63. A nice sharp strike with a mixture of frosty and satiny mint luster, all lightly toned. A splendid example that should stir plenty of bidder interest. Pop 1 with 17 finer, all MS-64 (Photo).
Estimate $2,500-2,700.
 
Lot 1150        1875 $5 Liberty. PCGS graded EF-40. The Dr. Jon Kardatzke coin, described (in part) by us in our June 2000 sale of his collection, as follows: "One of the rarest coins in the entire sweep of United States Numismatics. Only 200 were struck for circulation, of which Breen estimated that 'fewer than 5 are known.'...This particular coin does not appear to be the Wolfson coin (Stack's, October 12-13, 1962, lot 511) but it is hard to tell with the old half-tone photographs (this same coin was resold in the 1974 ANA sale, Lot 884). Perhaps it is the Boyd coin which was offered in the World's Greatest Collection Sale, 1945, lot 429.

This is a date which is offered perhaps two or three times a decade [although the recent sales of the Bass collection have skewed this number upwards for the 1990's], and is more common in proof than other grades. The Dr. Kardatzke coin is a superb example for the grade, with very little wear even on the highest devices. The fields, rims and devices show light bagmarks, fewer than usually seen on common date coins of this era in this grade. Fully struck and a delight to behold...

For identifying marks from which to trace pedigreees, this one has a tiny bagmark above and right of the upper olive leaf, and there is a very small mark on Liberty's lower neck above the 8. In PCGS holder #407023."

Today, three years later, this is the only EF-40 graded by PCGS, with 4 coins finer (the best being a pair in AU-53...or possibly the same coin submitted twice). For comparable pricing, we point to two "raw" EF-45 examples that sold in two separate Heritage sale in 1997, for $40,250 and $43,125.

A remarkable opportunity for the advanced collector (Photo)

Ex: From our sale of the Dr. Jon Kardatzke Collection, June 4-6, 2000, Lot 1350..
Estimate $25,000-30,000.
 
Lot 1151        1876-CC $5 Liberty. SEGS graded AU-58 * Old Cleaning. Only 2 graded in Mint State by either service. With a mintage of only 6,887 this date ranks as the lowest mintage Carson City half eagle (Photo).
Estimate $7,000-8,500.
 
Lot 1152        1878 $5 Liberty. SEGS graded Proof 65 Deep Cameo. A well struck example with glowing golden-orange surfaces and excellent cameo contrast. We note a few trivial hairlines scattered about in the unprotected fields, none of which are really worthy of note. It is only when great collections are sold that one has the opportunity to acquire this important issue. A major rarity in proof condition as only 20 were minted of which less than 9 still survive (Photo).
Estimate $25,000-UP.
 
Lot 1153        1880 $5 Liberty. AU-55. Lot of 2 coins (Photo).
Estimate $250-275.
 
Lot 1154        1881-S $5 Liberty. AU-55.
Estimate $120-130.
 
Lot 1155        1882 $5 Liberty. AU-58. Plenty of mint luster remains (Photo).
Estimate $120-140.
 
Lot 1156        1882 $5 Liberty. Sharpness of EF-45. Cleaned and burnished (Photo).
Estimate $100-125.
 
Lot 1157        1885-S $5 Liberty. ICG graded AU-55 (Photo).
Estimate $120-140.
 
Lot 1158        1890 $5 Liberty. PCGS graded AU-50. Lot of 2 coins. Together with: 1907-D PCGS AU-58.
Estimate $450-550.
 
Lot 1159        1893 $5 Liberty. PCGS graded MS-63. Hazy gold toning on both sides, with good luster underneath (Photo).
Estimate $375-400.
 
Lot 1160        1893 $5 Liberty. NGC graded MS-62. Quite lustrous (Photo).
Estimate $200-220.
 
Lot 1161        1893-S $5 Liberty. NGC graded AU-58 (Photo).
Estimate $140-150.
 
Lot 1162        1894-S $5 Liberty. PCGS graded MS-61. Nice, golden-orange and pinkish toning. Choice except for a light scratch across Liberty's face. Interesting, light repunching on the mintmark, mentioned (but not illustrated) by Breen. Only 55,900 were struck and this date remains rare in Mint State. PCGS reports only 2 in this grade and only 6 finer (the best being a single MS-64) (Photo).
Estimate $2,000-2,500.
 
Lot 1163        1896-S $5 Liberty. NTC graded MS-63. Nice bright example with a few minor bag marks visable. A scarce issue in Mint State grades (Photo).
Estimate $1,600-1,900.
 
Lot 1164        1901-S $5 Liberty. PCGS graded MS-65. Intense, radiant luster flashes forth from the sunny-yellow surfaces of this Gem half eagle. Far superior to most examples seen of this date -- the sort of quality that is eagerly sought-after in today's market. Even better, the holder is one of the older generation versions, with a green label. These have become tremendous values in our opinion. We recall back in 1989, when MS-64 common date Liberty Head Half Eagles were bringing over $6,000! (Photo).
Estimate $2,000-2,300.
 
Lot 1165        1903-S $5 Liberty. PCGS graded MS-63. Toned (Photo).
Estimate $350-400.
 
Lot 1166        1905 $5 Liberty. PCGS graded Proof 50. Slipped into circulation for a while and shows the results. Orange and golden toning in an old green holder. Among the 108 proofs minted for the year (Photo).
Estimate $1,600-1,700.
 
Lot 1167        1907 $5 Liberty. ICG graded MS-60. Light handling marks (Photo).
Estimate $140-160.
 
Lot 1168        1908 $5 Liberty. SEGS graded MS-63. Last year of issue. The normal allotment of light bag marks are noted (Photo).
Estimate $250-300.