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1955 5 Peso Gold Samaszko Carson City Hoard MS66 NGC Coin w/ Slab - 438-355


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438-355 - 1955 5 Peso Gold Samaszko Carson City Hoard MS66 NGC Coin w/ Slab
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1955 5 Peso Gold Samaszko Carson City Hoard MS66 NGC Coin w/ Slab

In 1910 Mexico celebrated the Centennial of the beginning of its War of Independence with Spain. To commemorate the event, a giant column was erected in the middle of Mexico City with a statue of "El Angel de la Independencia", "The Angel of Independence", sitting atop. This 6.7-meter statue, constructed of Bronze and Gold, represents the "Winged Victory", a Greek symbol for the goddess Nike (Victory). In her right hand the Angel holds a luarel crown, symbolizing Victory, while in her left she holds a broken chain, symbolizing Freedom. The 5 Pesos coins feature Miguel Hidalgo on the reverse, considered to be the chief instigator of the Mexican revolution and the "Father of the Nation". In open defiance of Spanish rule, he united the downtrodden and indigenous peasants in a revolt in 1910, thus beginning the War of Independence. Hidalgo was captured shortly after the uprising began and was publicly executed. His remains are now interred in a mausoleum at the base of the column mentioned above.

This coin is from the Walter Samaszko Jr. collection who was found dead in his modest ranch-style home last year in Carson City. No one knows exactly when the collection began, or why Samaszko never sold it. Frankly, no one knew anything about him even though he lived in the same neighborhood for decades. Weeks passed before authorities even discovered he had died in his modest Carson City home. A coroner said he died of heart problems.

When cleanup crews arrived, they made the startling discovery of the 69-year-old man's vast collection of thousands of gold coins worth millions of dollars stashed in old ammunition boxes in his garage. Officials discovered the trove neatly wrapped and stored mostly in ammunition boxes stacked on top of each other. Authorities believe that his mother, who lived with Samaszko until her death in 1992, purchased most of the coins. Despite the millions of dollars in his garage, Samaszko didn't appear to lead a luxurious life. Records show he only withdrew about $500 a month to pay modest bills. He died with $1,200 in a checking account and just a bit more than $165,000 in a money market and mutual fund account.

Specifications:

  • Certified By: NGC
  • Coin Type: Samaszko Carson City Gold Hoard
  • Denomination: 5 Peso
  • Diameter: 22.5mm
  • Mintage Year: 1955
  • Mink Mark: Mexico
  • Obverse: Eagle
  • Reverse: Miguel Hidalgo
  • Measurements: 2.75"W x 3.25"H.

    Distributed by American Collectors Mint, LLC.


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    Coin Glossary:

    Die: An engraved piece of metal used to stamp a design on a coin.

    Die crack: A small, raised imperfection on a coin resulting from a crack in the stamping die.

    Early release: The Numismatic Guaranty Corporation (NGC) uses this designation for U.S. Bullion Coins during the first month of release from the U.S. Mint. To qualify for Early Release designation, NGC must receive the coins within 30 days of their release by the US Mint or properly documented as being received by an NGC approved entity within the same 30-day release period.

    Encapsulated coin: A coin graded and authenticated by a professional coin service, then sealed in plastic.

    Field: The typically flat area surrounding the relief and not used for legend or inscription.

    Legal tender: Official money issued by the government.

    Legend: The coin's primary lettering.

    Lettered edge: An inscription added to the edge of a coin.

    Luster: The quality of the surface brilliance on a Mint State or Uncirculated coin.

    Mercury dime: Issued from 1916 to 1945, this U.S. dime featured a representation of Liberty in a winged hat that was commonly mistaken for the ancient god, Mercury.

    Mint: A government controlled coin production facility.

    Mint mark: A small letter stamped on a coin that indicates its mint origin, ex. "D" for Denver.

    Mint Set: One coin from each of the available denominations in a particular year, produced by a single mint and made for circulation.

    Mint State (Uncirculated): A regular production coin never used in trade and existing in its original condition.

    Mintage: The number of coins produced.

    NGC: Numismatic Guaranty Corporation.

    Numismatics: The collection and study of monetary objects such as coins and paper bills.

    Obverse: Heads, or a coin's front side.

    Patina: Surface discoloration, typically green or brown, caused by oxidation over time.

    PCGS: Professional Coin Grading Service.

    Planchet: A blank metal piece used to produce a coin.

    Proof: Expertly polished planchets and dies produce these coins which feature an extremely high quality strike, resulting in unmatched detail and brilliant surface finish.

    Reeded edge: A coin edge finish featuring parallel vertical grooves all the way around.

    Relief: The raised portion of a stamped design that sits above the coin's field.

    Reverse: Tails, or coin's back side.

    Rim: The raised ring around the perimeter of a coin designed to reduce wear on the relief.

    Strike: The act of stamping a coin.

    Truncation: The bottom edge of a portrait or bust.

    Wheat penny: Lincoln cents issued from 1909 to 1958 bearing the wheat ear design on the reverse.




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