1875 $5, CAM PR 65 CAM

  • $295,000.00


PCGS No: 88470
Year: 1875-P
Denomination: $5
Grade: PR 65 CAM
Certificate Number: 25032353

Description

One of the market’s classic rarities! This is a big time rarity, one of the best we’ve ever handled. The 1875 Philadelphia coinage is among the “holy grails” of the U.S. rare coin market. In 1875, there wasn’t a big need for circulating coins. Actually coins were being hoarded by the public. The Mint responded by drastically cutting production. And the 1875 Philadelphia issues are among the rarest of all U.S. gold coins. Here’s the details… For the gold dollar, only 400 circulation strikes were minted. It is not only the lowest circulation strike mintage of the gold dollar series, it is one of the lowest mintages for all circulation strike U.S. gold! The auction record for a circulation strike 1875 gold dollar is $169,250…for a gold dollar. That’s right, a gold dollar brought $169,000…and it was way back in 2010! For proofs, only 20 were struck, and it is estimated that 15 to 18 survive today in all grades. The 1875 $2.5 Liberty is also a major rarity. A mere 400 circulation strikes were minted, with an estimated survival rate of 40 to 50 coins in all grades. For the proofs, just 20 were struck and it is estimated that 12 to 15 survive today. The 1875 $3 piece has always been a major U.S. gold rarity. There were no circulation strikes issued, so this is a “proof only” date. Again, the mintage for the proofs was a mere 20 coins with 17 so surviving today. The 1875 $5 and $10 Liberties are two of the monster rarities in the U.S. gold series. For the 1875 Philadelphia $5 Liberty, only 200 circulation strikes were minted. The survival rate is miniscule, with only 8 to 9 estimated survivors! So it’s one of the rarest of all U.S. gold coins. The auction record for a circulation strike is $211,500…and that was back in 2014. As for the 1875 $10…well, it is the lowest mintage U.S. circulation strike for any coin! Only 100 coins were originally minted. Of those, it is estimated that only 8 to 10 exist today. Most experts feel the the 1875 $5 is slightly rare than the 1875 $10. But either way, they are both ultra rarities. The auction record for a circulation strike 1875 $10 is $372,000 in 2018. The 1875 $20 was made in more quantity, though the proof is also a mintage of just 20 coins and a major proof gold rarity. The circulation strike 1875 Philadelphia gold Liberties are major rarities. And this has also focused attention on the proofs. Date collectors need either a proof or circulation strike. For the $5 and $10, you’re lucky if you even see a circulation strike, let alone have the chance to buy one. But the proofs are also major rarities. Back in the day, like in the 1960s and 1970s, the appearance of proofs on the market was a very rare occurrence. The first time I ever saw proofs was at the Stacks sale of the famous Ulmer collection in 1974. The collection featured groups of gold proofs sets. And it was the first appearance of an 1875 gold proof set in decades. When the $5 and $10 went off, the buzz in the room was magical. I believe I remember the $5 and $10 bringing a low six figure price (maybe the $3 too). It was a monster price at the time, but it showed the importance of these ultra rarities. We try to buy every 1875 Philadelphia gold coin we can find, both circulation strikes and proofs, especially the fives and tens. Over the years we’ve only had a few 1875 Philadelphia fives and tens. Actually, we’ve had more circulation strikes than proofs. That’s how rare the proofs are. In fact, the coin we have now is the first proof we’ve had this Century!...i.e., since before 2000. And now about this incredible 1875 $5 Liberty proof…It’s one of only two examples PCGS has graded PR65 Cameo in the past 36 years and none have been graded higher. It’s a gorg