Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
5278

1864 $20 PR65 Ultra Cameo NGC....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 6, 2011
Item Activity: 5 Internet/mail/phone bidders
4,980 page views
Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:

1864 Double Eagle, PR65 Ultra Cameo
Perhaps Fewer Than 10 Proofs Available
1864 $20 PR65 Ultra Cameo NGC. Although the proofs are immeasurably rarer, even the business strike 1864 double eagles are seldom seen; formerly they were quite rare, until the recovery of the S.S. Republic coins. As a Gem Ultra Cameo proof example of the Type One double eagle, the present coin is of immense historic and numismatic appeal. The original mintage figure of 50 coins is meaningless today, as likely only 12 to 15 specimens survive--a total that includes at least three presumably off the market forever, two in the Smithsonian and one in the American Numismatic Society holdings.
The Walter Breen Proof Encyclopedia calls the 1864 double eagle the "rarest gold denomination" of the year. The proof sets of 1864--some of them, anyway--contained several rare first-year issues, including the Large Motto (but probably not the Small Motto) proof two cent piece and the bronze no L and copper-nickel 1864 Indian cents. Apparently many of the recorded 50 sets produced were later broken up, and/or the gold pieces melted. The year was, of course, a crucial and bloody one for the raging Civil War.
Garrett and Guth comment on the double eagle:

"Most of the mintage was probably melted as unsold, not surprising considering the ravages of the Civil War at the time. The population report numbers are misleading due to resubmissions. Examples of any Type 1 double eagle must be considered a major rarity."


Breen adds some perspective on the issue in discussing the 1864 proof sets:

"Complete proof sets. That in SI [Smithsonian] ex Mint was obtained from the Coiner, Feb. 26, for $43.52 = face + 8¢ proofing charge; it contained the copper-nickel cent but no bronze coins. That in ANS, ex Brock, Morgan, must have been bought from the mint prior to April 1864 as it also contains the copper-nickel cent; the bronze coins were added later. Why the gold is rarer than that of 1862 despite its larger mintage is unknown. A most frustrating year for collectors, between the gold and the bronze."


For type collectors (as well as the hardy date collectors out there), this Gem Ultra Cameo 1864 double eagle proof should form an important bidding opportunity. According to Dr. Robert Loewinger, there were no proof Type One double eagles produced from 1851-53 and from 1855-57, in practice limiting the date range of a potential Type One double eagle proof to the 1858-65 timeframe. In 1866, of course, the Type Two double eagle was introduced, with the motto IN GOD WE TRUST on the reverse. Loewinger notes that Mint Engraver James B. Longacre made some minor modifications to the obverse die in 1859:

"a) Truncation was curved.
"b) Initials JBL were located to the left.
"c) Ms. Liberty's name on the coronet was shifted."


Technically, then, the 1859-65 double eagles are a different design subtype from the 1850-58 coinage, even if not generally recognized as such.
This is such a rare date that Heritage has offered only a half-dozen different (as far as we can determine) examples in the nearly 20 years since we began our Permanent Auction Archives. Most of the past examples were in the single numeric grade of PR64; only four of them merited a Cameo designation, with none in Deep or Ultra Cameo. The most-recent PR64 Cameo NGC piece we have handled, in our FUN Signature (Heritage, 1/2007), lot 3749, garnered $184,000.
The present piece, certified PR65 Ultra Cameo, is the finest-graded example we have ever offered and the only one certified in Ultra or Deep Cameo. The surfaces display rich, even orange-gold coloration throughout both sides. The stark field-device contrast is well-deserving of the Ultra Cameo designation, with thick mint frost and profoundly reflective fields yielding the coveted gold-on-black effect of such coins. There are two faint alloy spots that serve as pedigree markers, one just below Liberty's hair bun, the other over star 13. Census: 1 in 65 Ultra Cameo, 1 finer (12/10).
From The Henry Miller Collection.(Registry values: P7) (PCGS# 99076)

View all of [The Henry Miller Collection ]
View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
884,661
bidder-members
$1,006,650,755
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 January 4 - 5 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
I wish to extend our appreciation to you for over $925,000.00 realized from the above subject auction. This amount realized was approximately $110,000.00 more than we anticipated.
Federal Deposit Insurance Corporation,
Newport Beach, CA
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,398,253
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,119,480
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114