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Lot
7698

1893 $20 PR63 Cameo NGC. This fully struck, deeply ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 8 Internet/mail/phone bidders Number of Bidders
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Description:
Exceedingly Rare Cameo Proof 1893 Double Eagle
1893 $20 PR63 Cameo NGC. This fully struck, deeply reflective specimen displays jet-black mirrored fields and beautifully frosted golden-yellow devices. There are a few wispy slide marks on Liberty's cheek, and two or three minor handling marks in the fields, which prevent a possible higher grade, although the surfaces are arguably carefully preserved enough to deserve an assessment of MS64 Cameo. Just fifty-nine proofs were produced of this type, in 1893, and only a handful of those coins still survive, in any condition. In fact, only thirteen pieces have been certified in all grades, by PCGS and NGC combined. In addition to a single Ultra Cameo Gem, graded MS65 by NGC, just four coins have been designated with the highly desirable "Cameo" label: two apiece at each of the major services. Only one of these four, a PR64 Cameo coin at PCGS, is ranked higher than the currently offered specimen. Obviously, for the specialist in this series, such an exquisitely preserved conditional rarity would constitute a significant acquisition.
From The Greenwich Collection, Part Two.(#89109) (Registry values: P4) (NGC ID# 26EE, PCGS# 89109)

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