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Lot
1887

1877 $20 PR58 Cameo NGC....

2009 September Long Beach, CA Signature US Coin Auction #1129

 
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Auction Ended On: Sep 11, 2009
Item Activity: 13 Internet/mail/phone bidders Number of Bidders
1,150 page views
Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Magnificent 1877 Double Eagle, PR58 Cameo
1877 $20 PR58 Cameo NGC. With a tiny mintage of just 20 pieces, it is no surprise that proof 1877 double eagles rarely appear at auction. According to Jeff Garrett and John Dannreuther's compilation of auction records, only one specimen--a PR64 Ultra Cameo NGC in our 2004 ANA sale--was sold between 2003 and 2007. Our own census data shows no additional appearances. This is undoubtedly an important offering for the specialist.
This remarkable specimen boasts unfathomable deeply mirrored fields that show outstanding cameo contrast against the frosted devices. The strike is full, as one would expect from a proof. A number of minuscule abrasions and a trace of light rub define the grade. This is an excellent example of this seldom-seen issue. NGC has graded a total of 11 proofs, of which nine have received a Cameo designation, while PCGS has certified four specimens. However, it is likely that those numbers are slightly high due to multiple submissions of the same coin (7/09).
From The Thrifty Scot Collection.(Registry values: P6) (PCGS# 89093)

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