80A - page 123

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Session Two - Sunday, June 1, 2014 Approx 12:00 PM
P
ROOF
C
AMEO
1865 L
IBERTY
S
EATED
H
ALF
Enlargement
775
1865
.
PCGS graded Proof 66 Cameo
. Only 500 minted. Blast white obverse while the reverse has radiant gold, lavender and blue periph-
eral toning. Sleek white in color on the obverse with a good dollop of color on the reverse. A touch of weakness is seen at Liberty or the eagle
on many 19th century Proof Seated Liberties of this decade, but here it is probably that the dies were spaced at just the right distance apart
to insure strong metal flow in all areas. The designs are very strong for the date.
Pop 7; 2 finer, 1 in 66+, 1 in 67
. (
PCGS # 86419
)
Estimated Value ........................................................................................................................................................... $25,000 - 28,000
776
1866. With motto
.
NGC graded Proof 66 Cameo
. Gor-
geous blue and gold toning. Only 725 struck. An incandescent
and sparkling Gem Proof of this first year with motto IN GOD
WE TRUST. The motto is placed on a scroll above the eagle, as
though the space provided had been left ready for something
ever since this design was introduced in 1839. A coin whose
mirror deep beauty comes with fully defined, cameo frosted
design features plus a torrent of varying colorful hues on both
sides. Razor-sharp on all devices.
Pop 1; 3 finer, 2 in 67, 1 in
68 Star.
Estimated Value ..............................................$4,500 - 5,000
777
1867
.
NGC graded Proof 65 Cameo
. Only 625 minted.
Exquisite golden russet, deep lavender, and deep shimmering
blue toning on both sides. Likely from fresh dies, judging from
the details. The surfaces are mirror surfaced with cameo
devices. What gladdens us most is to see a crisp rather than a
dullish, smooth impression was left by the pressure of the Proof
dies that struck this sharp 1867 With Motto Half Dollar.
Pop 11;
12 finer
.
Estimated Value ..............................................$3,000 - 3,200
778
1869
.
PCGS graded Proof 65
. Intense blue toning on both
sides. Only 600 struck. A glistening Gem Proof example with a
luxurious display of toning shades reflecting off the mirror field
on both sides. Nicely socked by the dies, too, indeed fully and
completely so at Liberty's head, her drapery and shield. Sharply
struck on reverse eagle and all legends.
Pop 12; 6 finer, 5 in
66, 1 in 66+.
(
PCGS # 6427
)
Historic Note. Four full years after the end of the Civil War and
still the United States had a confused currency situation. It took
a long while before the banking system and monetary metals,
silver and gold, stabilized against the greenback and National
Bank Note paper money. In his First Annual Message to Con-
gress, President Ulysses Grant said, “Among the evils growing
out of the rebellion [Civil War], and not yet referred to, is that of
an irredeemable currency. It is a duty, and one of the highest
duties, of Government to secure to the citizen a medium of
exchange of fixed, unvarying value. This implies a return to a
specie basis, and no substitute for it can be devised. It should
be commenced now and reached at the earliest practicable
moment consistent with a fair regard to the interests of the
debtor class.” It wasn't until ten years later that the evil of irre-
deemable currency was cured by a return to a circulating gold
coin money in January 1879, the silver having returned in late-
1877.
Estimated Value ..............................................$3,400 - 3,500
779
1872-CC
.
Good-5
. Scarce Carson City Mint example. Some
discoloration on both sides. Only 3,150 minted.
Estimated Value ................................................... $150 - 200
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