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Lot
7694

1886 $20 PR63 Cameo NGC. The 1886 is one of the most ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 9 Internet/mail/phone bidders Number of Bidders
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Description:
Rarely Seen 1886 Select Cameo Proof Twenty
1886 $20 PR63 Cameo NGC. The 1886 is one of the most sought-after and difficult issues of the Liberty Double Eagle series. Its mintage of 1,000 business strikes and 106 proofs gives the '86 twenty a total mintage that places it in sixth place among regular issues (discounting the prototype 1849), and it is surpassed in rarity only by the 1854-O, 1856-O, 1861 Paquet, 1870-CC, and the 1882. The number of surviving proofs is significantly less than half of the original production figure, probably numbering fewer than 30 pieces.
The magnificent specimen that is now offered displays nice contrast between the deep pools of watery brilliance in the fields and the noticeably frosted features. A slight reddish tint has also accumulated over the decades that adds a comforting look of originality to the two-toned surfaces. The grade is limited by the presence of visible hairlines in the fields on each side. A couple of tiny abrasions are seen on the obverse with one tiny one between stars 10 and 11. An opportunity of obvious significance to the advanced collector of United States proof gold.
Ex: From The Greenwich Collection, Part Two.(#89102) (Registry values: P4) (PCGS# 89102)

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