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Lot
7695

1887 $20 PR65 Ultra Cameo NGC. The mintage figure for ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 10 Internet/mail/phone bidders Number of Bidders
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Description:
Very Important 1887 Gem Proof Twenty With Ultra Cameo Contrast
1887 $20 PR65 Ultra Cameo NGC. The mintage figure for this proof-only date is listed in mint records as 121 pieces. It is very likely that at least some of these were never released and later melted. Given the fact that there are around 25 survivors, we believe that 50 or so pieces were melted. The 1887 is the third rarest of the fabled trio of proof-only issues from the 1880s, but it still ranks among the "rarest of the rare" when it comes to Double Eagles.
The condition of this coin is phenomenal. The "orange peel" surfaces in the fields are deeply reflective and the devices are richly frosted (obviously resulting in the Ultra Cameo designation). Light golden tinted patina is seen over the surfaces and other than a few scattered hairlines, there are no mentionable surface flaws on either side of this extraordinary proof. The rarest of opportunities for the proof gold specialist.
From The Greenwich Collection, Part Two.(#99103) (Registry values: P5) (PCGS# 99103)

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