A remarkable collection of U.S. gold coins from an unnamed Midwestern
family that had been off the market for decades led Ira and Larry
Goldberg Auctioneers’ June 5 and 6 pre-Long Beach Auction in Los Angeles.
The collection was especially strong in 19th and early 20th century
Coronet gold and Indian Head $2.50 quarter eagles, $5 half eagles and
$10 eagles. Rounding out the group was a collection of gold
commemorative coins that injected some excitement in the Long Beach
Coin, Stamp & Sports Collectibles Expo held later that week.
Here is one of three gold coins from the collection we're profiling
in this week's Market Analysis.
1909-O Indian Head gold $5 half eagle, MS-65, CAC
A 1909-O Indian Head gold $5 half eagle graded PCGS MS-65 with a
green CAC sticker was another leader from the prominent Midwestern
family’s collection. It is considered as possibly the second finest
known example in the marketplace, after another example graded PCGS
MS-66 that sold for $646,250 when offered at Heritage’s 2014 Florida
United Numismatists auction in Orlando. Falling in between those two
is a top-quality 1909-O half eagle that is part of the National
Numismatic Collection at the Smithsonian Institution and is
permanently off the market.
COIN VALUES: How much is your 1909-O Indian Head $5 worth?
The rarity is a product of the last year of the New Orleans Mint and
only a small fraction of the 34,200 examples minted survive. It is the
only Indian Head half eagle struck at the New Orleans Mint and while
circulated examples are available, Mint State survivors finer than
MS-62 are rare, as most issues were released into circulation.
Keep reading this Market Analysis:
Rounded Rim 1907 Indian Head gold $10 eagle
avoided melting pot
1933 gold coin that is not a double eagle
approaches $1 million sale price
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