Estimated grade. Sold by David Akers Numismatics May '98 Price realized $660
David Akers (1975/88): This is undoubtedly one of the more underrated issues of this series. Only the 1911-D, 1914 and 1914-D are more rare, and true gems of the 1912, although they do exist, can only be located with great difficulty. In the lower Mint State grades, i.e. MS-60 to MS-63, examples are available fairly often and even in MS-64 they can be found. As for superb (MS-67) pieces, I have seen a couple but for all practice purposes they are essentially unobtainable. This is another date that deserves to be a premium priced coin but is not because its rarity has not been generally appreciated.
The 1912 is generally more sharply than the 1911 but in other respects it is somewhat similar. Most specimens are not particularly lustrous and the surfaces are quite granular. Some examples are a little weak at the borders, possibly from die buckling or deterioration. The color is typically a greenish orange color although brilliant light yellow gold examples also exist.
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