The Jim O’Neal Collection of $5 Indians readies for auction in Heritage FUN U.S. Coin event

Finest known 1909-O half eagle headlines the Jan. 6 Platinum Night auction of this PCGS Registry Set All-Time Finest in Tampa, FL

DALLAS, TX — The finest collectible 1909-O Indian half eagle, MS66 PCGS, the Mitchelson-Clapp-Eliasberg-Price example – designated by legendary numismatist David Akers as “The Coin” – will provide some New Year’s fireworks on Thursday, Jan 6, 2011, when it comes up for auction as part of Heritage’s Tampa FUN Platinum Night U.S. Coin Auction. This magnificent coin is the principal highlight of The Jim O’Neal Collection of $5 Indians, the #1 All-Time Finest set of its kind graded by PCGS.

oneal 1909 O 5 The Jim O’Neal Collection of $5 Indians readies for auction in Heritage FUN U.S. Coin event“This is the fourth major collection from Mr. O’Neal that Heritage has had the distinct pleasure to handle, starting with his U.S. currency collection in 2005,” said Greg Rohan, President of Heritage Auctions. “ His incredible $5 Indian Registry Set stands alone in terms of quality, and the advance buzz from collectors is considerable, to say the least. A high grade mint state set of $5 Indians is easily the most daunting challenge facing collectors of 20th Century gold.

The O’Neal specimen of the 1909-O Indian half eagle, the only Indian Head gold coin ever minted in New Orleans and the rarest issue in the set, has an unimpeachable provenance from J.C. Mitchelson to John H. Clapp, Louis E. Eliasberg, Sr., Dr. Thaine B. Price before reaching O’Neal. The Clapp Notebook recording acquisitions of coins in that collection indicates that Mitchelson sold the coin to Clapp in June 1909. That means that Mitchelson almost certainly ordered the coin directly from the Mint and, given that it is well-known that the 1909-O half eagles were coined in February or March 1909, this piece may well have been among the first coins minted.

Going one year earlier, among the most luminous of the O’Neal coins is a 1908-S half eagle MS68, PCGS, the single highest PCGS-graded mint state $5 Indian of any date. While specific information about this coin’s origin dates back only five years, it may date back to a small hoard of high-quality pieces once owned by legendary businessman and collector Virgil Brand.

The finest certified example of a 1911-D half eagle, MS65+ PCGS, CAC, one of several famous gold issues bearing that date and mintmark, continues the top offerings of the collection.

“It’s rare to find a 1911-D half eagle with a smooth surface, period,” said Rohan, “let alone one as gorgeous, glossy and appealing as this particular example. It’s the #1 coin of its kind for good reason and we anticipate spirited competition to take it home in Tampa.”

A stunning 1913-S half eagle, MS66 PCGS, the finest known example certified by PCGS and likely the finest of its kind – certainly, in the absolute sense, one of the great condition rarities of the series – rounds out the top offerings in The O’Neal Collection. The coin’s provenance, which includes a long stay in the famous Dr. Thaine B. Price Collection, indicates that this example has only been offered publicly on two previous occasions, in 1998 and 1999.

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