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Lot
7693

1881 $20 PR62 Deep Cameo PCGS. Ex: Trompeter. This year ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 7 Internet/mail/phone bidders Number of Bidders
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Description:
1881 Liberty Twenty, Proof 62 Deep Cameo, Ex: Trompeter Collection
1881 $20 PR62 Deep Cameo PCGS. Ex: Trompeter. This year witnessed the first in a series of minuscule double eagle deliveries from the Philadelphia Mint that would continue through 1887. In 1883, 1884, and 1887, the Mint delivered only proofs, while in the remaining years the production of business strikes was so small that extant representatives are equally as elusive as their proof counterparts. The current issue is no exception to this rule. The Philadelphia Mint produced a mere 2,260 business strike double eagles in 1881 and 61 proof specimens. Numismatic scholars believe that, of the former, 20-25 pieces are extant. Proof survivors number no more than 18 pieces, of which one is impounded in the ANS Museum and another is part of the Smithsonian's holdings.
An undeniably important offering for the advanced gold specialist, the present coin also boasts superior eye appeal for the grade. Scattered hairlines are evident under a loupe and seem to account for the PR62 designation. Outwardly, however, the surfaces display a relatively clean appearance with a single contact mark below Liberty's nose being the only worthwhile pedigree marker. The cameo contrast is noted, but the fields reveal the depth of reflectivity that one would expect from proof production methods. Fully struck with warm, original orange-gold and green-gold coloration.
From The Greenwich Collection, Part Two.(#99097) (Registry values: P4) (NGC ID# 2600, PCGS# 99097)

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