1812 $5 MS 65

  • $119,000.00


PCGS No: 8112
Type: Type 1, Capped Bust, Large Bust
Year: 1812-P
Denomination: $5
Category: Capped Bust $5 (1807-1834)
Grade: MS 65
Certificate Number: 16399264

Description

Iridescent original Gem! Like all early (pre-1834) gold coins, this is a rarity in all grades. The $5 denomination was very popular with gold bullion depositors at the time. One would take bullion to the Mint, and the Mint would give you coins in return, The $5 was more popular than the $2.5 as it was more efficient. The Ten dollar gold coin wasn’t minted between 1804 and 1838 so the $5 gold became the real workhorse, both domestically and in international trade. However, they suffered a high rate of attrition through melting. These coins are American classics, true icons of the rare coin market and fantastic long term values. We buy all the early gold we find but, only handle a few Gems each year. This specimen is just about as good as they ever come. The surfaces are clean and mark-free. The strike is outstanding. Strike is usually an issue as early U.S. coins were struck with a hand press. Also, the coin is well-centered, centering being another usual issue with these crudely manufactured coins. The luster is thick and iridescent…glowing and original. This is a miracle…209 years old and as fresh as the day it was made.