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1903 $10 PR65 NGC. CAC....

Lot: 2646, Auction: 2008 February Long Beach, CA Signature Coin Auction #460

Sold for: $37,375.00 (includes BP )
Bid Source: Internet
Ended: Feb 14, 2008
Item Activity: 10 Internet/mail bidders
811 page views

Description:

Elegant Gem Proof 1903 Eagle

1903 $10 PR65 NGC. CAC. The proof gold coins of the early 20th century occupy an interesting role in American numismatics. While they share a design with the issues of the 19th century, the dates are different and mintages are often substantially larger. This creates a strange interplay, in that demand from collectors of 19th century pieces is likely to be slack for the specimens dated 1901 and later, yet numismatists interested in 20th century coins will ameliorate the lessened desire on the part of the former group.
The distinction, which has held true for a number of decades, may begin to fade as 2008 comes. The proof gold coins of the Gobrecht and Longacre designs are all a century old, at least, and perception of such items as being somehow "modern" will erode with the passage of time. The 20th century collectors will be no less interested, but numismatists who had previously precluded purchasing such proofs will rethink their positions. While mintages remain fixed and 1903's production of 96 pieces will remain high by the standards of the proof Gobrecht eagle issues, high-quality pieces remain comparatively affordable, but when numismatists in general catch on, prices likely will not stay low for long.
The present specimen, the first proof 1903 eagle Heritage has offered at auction since May 2004, showcases gleaming wheat-gold mirrors and sharply struck devices. Each side shows minimal contrast, consistent with the shift in Mint practice for striking proofs that took place in the early 20th century, and the overall preservation is elegant. In sum, a gorgeous exemplar. Census: 8 in 65, 6 finer (1/08).
From The Southwest Collection.(Registry values: N69) (#8843)

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Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 275, Lot 6502 Thursday, November 15, 2001 65 PCGS $22,425.00
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
64 $20,000 $22,810 $18,250 $16,750 $16,750 $21,000
65 $42,500 $44,380 $35,500 $32,000 $32,500 $48,000
66 --- $63,750 $51,000 $47,500 $47,500 ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.

Population Guide

Service Grade Population in this Grade Population of Higher Grade Population in All Grades Mintage Engraver
PCGS 65 6* 0* 42 96 Christian Gobrecht
NGC 65 9 75 114
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auction Galleries.

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