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Lot
7685

1868 $20 PR64 Cameo PCGS. As a business strike, the 1868 ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 6 Internet/mail/phone bidders
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Location: Pittsburgh, PA
Description:
Rarely Seen Cameo PR64 1868 Double Eagle
1868 $20 PR64 Cameo PCGS. As a business strike, the 1868 is the scarcest Type Two double eagle from the Philadelphia Mint. In proof format, only 25 pieces were struck and today it is estimated that approximately 10 coins are extant. The population data from the two major services would lead one to believe that more are available, but several of these undoubtedly represent multiple submissions of the same coin(s).
This is a very impressive proof that has deeply reflective mirrors in the fields with a significant amount of mint frost over the devices, which yields a strong cameo effect on each side. Some business strikes and proofs of this year show traces of die clashing to the right of the eagle's tail. This coin, however, does not display this mint caused "defect" and lacking it, we conclude that this is one of the first proofs produced. Scattered haziness is seen over both obverse and reverse with a few hairlines visible with the aid of a loupe. A major rarity among proof Type Two double eagles.
From The Greenwich Collection, Part Two.(#89083) (Registry values: P6) (NGC ID# 26DL, PCGS# 89083)

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