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November 23 , 2015

COIN OF THE WEEK

Rarely Seen Gem 1873 Liberty $5 Gold NGC MS66. - $39,500.
Click on Coin Image to enlarge


1873 Liberty $5 Gold NGC MS66. Closed 3. This date is not only rare but is much rarer than generally believed and according to the late great David Akers at the time of his production of his magnum opus of half eagles and other gold coins, this date in strict uncirculated condition appeared for sale at auction for example only 3 Times in 337 auction catalogues surveyed! This specimen not just uncirculated but Gem Uncirculated MS-66 and is very flashy and as though she were made yesterday. This is a great coin that will delight the investor and will make even the toughest grader happy as heck at his good fortune in finding and owning this beauty. For those who want the best. Tied for Finest graded.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

Christian Gobrecht designed the Liberty Head Half Eagle or Coronet half eagle. The coin shows Liberty facing left in profile wearing a LIBERTY inscribed coronet with her hair tied in the back with beads. Two long curls hang down her neck, one in the back and the other on the side. She is surrounded with thirteen six-pointed stars. The date is below the truncation, which shows no drapery. The motif is taken from a Benjamin West painting of Venus. It was also used with modifications for the Large Cents of 1839.

The reverse shows a heraldic eagle with outstretched wing looking to the left. On its chest is the Union shield. In its talons it holds the olive branch and arrows. Except for the tips of the eagle’s wings UNITED STATES OF AMERICA surrounds the reverse, separated from the denomination FIVE D. by dots. Dentils are near the edge on both sides of the coin, and the edge is reeded. Type 2 was created when the motto IN GOD WE TRUST was added to a banner designed by James B. Longacre above the eagle in 1866. The change was made in response to pressure organized by the Reverend M.R. Watkinson.

In 1826 Gobrecht did his first work for the Mint as an assistant to William Kneass. After Kneass suffered a debilitating stroke, Gobrecht did all the die and pattern work for the Mint. He became Chief Engraver in 1840 and served until his death in 1844. He was famous for his Liberty Seated motif which was used for all denominations of silver coinage including the half-dime, dime, quarter dollar, half dollar and silver dollar. He also designed the Liberty Head gold eagle, a motif that was also used on the half-cent, the cent, the gold quarter eagle, and the gold half eagle.


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ADDITION NEW COINS ADDED - (Week of 11/23/2015)

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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