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December 15 , 2015

COIN OF THE WEEK

Gem 1863 Liberty $5 Gold, No Motto, PCGS PR64 DCAM - $117,000.
Click on Coin Image to enlarge


1863 Liberty $5 Gold No Motto PCGS PR64 DCAM. Civil War Half Eagle. In its population report of 12-16-2015 this specimen is the ONLY PR64 Deep Cameo! There's only 1 showing in 65 and 65+ making this coin a great find. This is an insanely great Civil War proof gold half eagle that can satisfy the fussiest of collectors and become quite an opportunity for the investor of rare gold coins.

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

Gobrecht’s design shows a left facing profile of Liberty wearing a LIBERTY inscribed coronet. Her hair is tied in the back, and there are two loose curls that hang down her neck. Around the head are thirteen six-pointed stars, and the date is below the truncation. At the periphery of the coin are dentils. The coin also has a reeded edge. The reverse shows a heraldic eagle similar to the one on the Classic Head eagle. The inscription UNITED STATES OF AMERICA surrounds the eagle, except for its wing tips, in an arc. The denomination is below, separated with dots, and written as FIVE D.

Christian Gobrecht was the third Chief Engraver at Mint in Philadelphia. He was born in Hanover, Pennsylvania in 1785. His father, a German immigrant was a reverend. His mother, Elizabeth Sands was a descendent of the early settlers of Plymouth Colony. In 1818 Gobrecht married Mary Hewes. After an apprenticeship, he became an engraver of clockworks in Baltimore. Later, in Philadelphia, he joined a banknote engraving firm. He invented a machine that enabled one to convert a three-dimensional medal into an illustration. Because of his excellent job as a bank note engraver, Gobrecht was reluctant to join the Mint staff.

In order to persuade him to leave the engraving firm, Mint Director Patterson convinced Chief Engraver William Kneass, incapacitated by a stroke, to give up a significant part of his salary so more money would be available to hire the new employee. His first work for the United States Mint was in 1826 when he made dies as an assistant to Kneass. Gobrecht was Chief Engraver from 1840 until his death in 1844. Famous for his Liberty Seated dollar obverse, which was used for all denominations of silver coinage, he was responsible for also designing the Liberty Head motif that was first used on the gold eagle, and then on the half cent, the cent, and the gold quarter and half eagles.

 


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ADDITION NEW COINS ADDED - (Week of 12/15/2015)

Very Truly Yours,

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


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