Owner Comments:
'The 1905 Dinero is a hoard coin. And oh boy what a great hoard coin it is! The sole hoard coin of the Dinero series often comes extremely nice: high grade with mirrored PL fields and frosted devices. These are showy coins.
The hoard in question is a lot of 200+/- 1905's distributed by a dealer in Indiana. Previous to this hoards appearance, it was not known to be an exceedingly common date. Some of this hoard were sold off piecemeal on ebay, while the remains went to another seller. This seller has slabbed 10 coins and is likely to slab more in the future. So look out...the already large number of graded coins may grow further. All of the coins in the hoard are beautiful proof-like pieces as described above. All have a re-punched first "1" in the date. Grades seem to vary from MS 63 to MS 67. Some have more or less die lines or amount of reflectivity on the reverse.
Flatt reports a close and wide 5, and a 1905/3 with close 5. Krause adds a 1905/1. Almost all 1905's come with a re-punched first "1" in the date. I'm not sure if this is what NGC/Krause means when they say 1905/1, but that designation should be reserved for a "5" punched over a "1". Indeed, there was no 1901 Dinero, so it would be extremely unlikely for a 1905/1 to exist. Thus, all graded 1905/1's and 1905 plain dates are likely exactly the same, both coming with a re-punched first "1". I have not seen a 1905/3, although that overdate is more likely.
One in AU 58 at NGC (1905/1), one in 61 at PCGS, one in MS 62 at NGC (1905/1), two in 63 at NGC, four in 64 at NGC, three at PCGS (two are 1905/3), twelve in 65 at NGC (three are 1905/1), two at PCGS (one is a 1905/3), thirteen in 66 at NGC (four are 1905/1), five in 66 at PCGS, four in 67 at NGC (three are 1905/1). A whopping 58 total graded, 36 in Gem or better, and 4 in MS 67. The truth is that because a lot of these coins come with superior luster with die chatter in the fields regardless of grade, an MS 65 and MS 67 often look similar.
The set specimen shows frosted devices on the obverse surrounded by intense mirrored fields, whereas the reverse has standard rolling luster. There is die chatter on each side, as made. A stunning piece. Sometimes NGC takes off a point or two for this chatter; in this case they did not. The first "1" in the date is re-punched. I see no trace of a "1" under the "5". Tied for top graded with three others. There are only nine MS 67 or 67+ Dineros of any date graded at NGC. So despite being a hoard coin, this 1905 is condition scarce.