1902 Five Pound PCGS MS62
If you gave me a choice between the 1902 matte proof five pound and the 1902 currency issue, I would choose the currency issue every time. The coin is rare in grade, and one of the more underrated five pounds in the series. Thirty-five thousand pieces were issued, but 27,000 were subsequently remelted, according to the Krause catalogue. Going by mintage figures alone, this makes the 8,000 remaining currency issue coins more scarce than the proofs. Add to that the fact that a proportion of the non-proof coins were issued into circulation, very few remain in Mint State. Indeed, while PCGS has certified 96 examples of the proof version, only 23 currency issue coins have been certified as Mint State (and a further 6 in lesser grades) (4/15). Make no mistake, this coin is rare. Professional Coin Grading Service is the global leader in coin authentication and grading. With over 60 million coins graded and counting, PCGS is trusted by collectors, dealers, and investors to certify authenticity, protect value, and elevate market confidence. This is a direct conversion of the 70-point PCGS grade to a 10-point scale, intended to present the grade in a more intuitive format for newer collectors. It is not our personal opinion or an attempt at regrading the coin to a different standard. To understand how the 70-point scale converts to a 10-point scale, [click here](https://drakesterling.com/en/page/the-ten-point-coin-grading-scale). If you gave me a choice between the 1902 matte proof five pound and the 1902 currency issue, I would choose the currency issue every time. The coin is rare in grade, and one of the more underrated five pounds in the series. Thirty-five thousand pieces were issued, but 27,000 were subsequently remelted, according to the Krause catalogue. Going by mintage figures alone, this makes the 8,000 remaining currency issue coins more scarce than the proofs. Add to that the fact that a proportion of the non-proof coins were issued into circulation, very few remain in Mint State. Indeed, while PCGS has certified 96 examples of the proof version, only 23 currency issue coins have been certified as Mint State (and a further 6 in lesser grades) (4/15). Make no mistake, this coin is rare.