1902 Proof Five Pound - PCGS PR62

Great Britain, 1902 Proof Five Pound -

All 1902 proof gold coins were struck from specially sand-blasted and polished dies. The result is that all 1902 gold issues have a “dusty” or subdued appearance, and are often covered in almost imperceptible die polishing marks. Consequently, they tend to grade lowly with PCGS. Don’t be scared away by the grade of the coin photographed above: The average grade of a PCGS-graded proof 1902 five pound piece is 61.26 (3/14), so the coin on offer above is actually better-than-average. The top grade is currently PR64, and there are only four examples in that state of preservation. The lowest grade is an impaired proof in AU53. The mintage is only 8,066 pieces. Overall, if you’re looking for a better-than-average example of the 1902 proof five pound piece, this is it. The new owner won’t be disappointed.