Proof Liberty Half Eagles
1891 $5 PR64 Cameo PCGS. Proof half eagle coinage in 1891 dropped to just 53 pieces, down from 88 in 1890. Nonetheless, the two issues have similar surviving populations, suggesting that a higher percentage of the 1891 production was distributed to collectors who would preserve them through the hard economic times of the mid-1890s. PCGS estimates that 30 to 40 examples are known today, complemented by a combined PCGS and NGC certified population of 35 coins. Two pieces are housed in the Smithsonian Institution, and a third resides in the ANS.
This near-Gem Cameo displays razor-sharp devices set against deeply mirrored fields that take on a faint cloudy hue amid rich straw-gold coloration. There are no distracting surface flaws, and the cameo contrast is outstanding. Population: 4 in 64 Cameo, 2 finer (11/16).