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1867 $20 PR64 Deep Cameo PCGS. CAC....

2012 April 18-22 US Coins & Platinum Night CSNS Signature Auction- Schaumburg #1169

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Auction Ended On: Apr 19, 2012
Item Activity: 8 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Deep Cameo PR64 1867 Double Eagle
Recently Found in Europe
1867 $20 PR64 Deep Cameo PCGS. CAC. Though the official mintage of the proof 1867 double eagle is 50 pieces, far fewer coins survive today. This is the 11th proof 1867 double eagle in Heritage's roster of examples offered at auction; it previously was unknown to us, having been in a European collection for more than a century, and this is its first U.S. appearance in the same timeframe. Of the other 10 coins in the roster, three are impounded in museum collections, one at the American Numismatic Society and two at the Smithsonian, and so are unlikely to become available to collectors.
This piece may have had a prior auction appearance; collections such as Herman Ely, Lorin Parmelee, Thomas Cleneay, David Wilson, and possibly William Woodin contained 1867 double eagles that have not been traced to present-day specimens, though the quality of photographic plates at that time, if they were taken at all, precludes such tracing. The identification and subsequent offering of this example is also important to Registry collectors, for this is the first Deep Cameo PCGS-certified representative of the date (3/12). While Heritage has had the honor of offering a PR65+ Ultra Cameo representative of the date (realizing $276,000 in January 2011), this specimen allows us to offer the PCGS version of ultimate contrast.
The yellow-gold surfaces of this Deep Cameo PR64 specimen show hints of both green and orange. Though both sides are lightly patinated, producing cloudiness around certain obverse stars, the essential contrast between mirrored fields and richly frosted devices remains undimmed. This boldly impressed coin shows just a few light hairlines through the fields that combine to account for the grade. A rare opportunity to own a fresh-to-market example of classic proof gold.(Registry values: P6) (NGC ID# 26DK, PCGS# 99082)

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