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Lot
1714

1903 G$1 Jefferson PR67 Ultra Cameo NGC....

2008 December Houston, TX Signature Coin Auction #1118

 
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Auction Ended On: Dec 5, 2008
Item Activity: 11 Internet/mail/phone bidders
2,752 page views
Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
Fantastic PR67 Ultra Cameo 1903 Jefferson Gold Dollar
1903 G$1 Jefferson PR67 Ultra Cameo NGC. Though tens of thousands of 1903 Louisiana Purchase Exposition, Jefferson obverse gold dollar uncirculated-finish strikes were struck for sale to collectors, the pieces most prized by numismatists today were never made available to the public. Just 100 mirror-finish proofs, reportedly the first coins off the dies, "... were distributed to favored insiders as well as Exposition and government officials, not to the collecting fraternity."
Since the coins were not distributed to collectors but to non-numismatists, many proofs have experienced some degree of impairment. Among the rest, obscuration of the cameo contrast or even the proof finish is common, due to the wax paper used to shield the coins as they sat in their cardboard holders. A Jefferson gold dollar proof that retains its powerful contrast is a rare prize, avidly sought by the most advanced commemorative gold aficionados.
This magnificent survivor combines gleaming lemon-gold mirrors and rich frost across sharply struck devices. Boldly squared rims help distinguish this proof from the many prooflike circulation strikes also found in the marketplace. The surfaces hold up even under close scrutiny; they are marvelously preserved throughout with an easily appreciated cameo effect and inimitable eye appeal. Out of the original mintage of 100 proofs, the NGC Census Report lists five specimens with Ultra Cameo contrast; of the five, the two numerically finest are graded PR67, and this coin is the only one of the two to have received the Star designation (10/08). (PCGS# 97482)

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