1867 FIVE CENTS - WITH RAYS AU

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Auction Ends Saturday, May 26, 2018 4:22:08 PM
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Auction Started Thursday, April 26, 2018 4:22:08 PM
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Description

5 Cent 1867 Shield with Rays 

almost AU condition

 


1867 FIVE CENTS - WITH RAYS

PCGS Nos: 3791, 3818

Mintage:
Circulation strikes: 2,019,000
Proofs: est. 75

Designer: James B. Longacre

Diameter: 20.5 millimeters

Metal content:
Copper - 75%
Nickel - 25%

Weight: 5 grams

Edge: Plain

Mintmark: None (for Philadelphia)

Significant examples:
PCGS Proof-65.  Ex - Superior Galleries "Pre-Long Beach" Elite Coin Auction, May 25-27, 2003, Lot 2187, sold for $69,000.00 

PCGS Proof-65 (illustrated above).  Ex - Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot 4207, illustrated, sold for $66,125.00,  where it was described as follows: "Population: 24, with 3 higher. A lovely example exhibiting light, natural color and classic nickel-gray sheen to the proof finish. The fields, which are mirrored, support raised, frosted devices in a way that collectors have come to describe as "cameo contrast". Each and every element in the design is sharp as a razor. From the small cross at the top of the shield to the small ball just above the date, complete definition; from the central 5 on the reverse to the 13 needle-sharp stars and interspersed rays, the same high quality prevails. It isn't know for certain how many Proofs were struck of the 1867 With Rays Type. All that is known is that Proofs of this variety were made in strictly limited numbers since the major portion of the issue was struck after January 21, 1867, the date No Rays Proof specimens began. There may be as few as 50 known, and all come from a single pair of dies. The reverse, unlike the 1866 Rays, does not have a center dot on Proofs of 1867 With Rays. The above census undoubtedly contains duplications, and the known number of gems is probably fewer. (PCGS holder 7620002)", sold for $66,125.00 - Legend Numismatics

Proof-64.  Ex - Bowers & Merena Galleries' "The Rarities Sale", January 3, 2001, Lot 103, illustrated, sold for $36,800.00  From the Pennsylvania Cabinet

"Choice Brilliant Proof".  Ex - Superior's section of Auction '89, 7/1989:519 - Stack's 12/2003:136, sold for $11,500.00

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