1875 $20 PR63 Cameo PCGS....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
While 20 proof coins was actually a nominal double eagle emission for the era--after all, the 1877 and 1878 twenties had identical proof mintages, with the 1876 mintage of 45 more undoubtedly because of its Centennial-year status--in the case of the 1875, the proof double eagle garners significant extra attention because of the accompanying rarity of the other gold pieces dated 1875, whether proof or not.
The Ron Garrett-Jeff Guth Gold Encyclopedia says of the issue that "the 1875 double eagle is one of the classic issues of the type. The date is very rare, as the tiny mintage of only 20 coins would indicate. There is extra interest in the date due to the rarity of the remaining gold-coin denominations for the year. There are probably 10 to 12 examples known in all grades, including at least one that is impaired. Others reside in museum collections, including two in the Smithsonian, and are unavailable to collectors. The most recent appearance of an example at auction was the sale of an uncertified piece, described as choice Proof, which sold for $166,750 in early 2005."
As of this writing (7/07), NGC has certified only six coins of this issue in all proof grades and contrast levels (Cameo and Ultra Cameo), ranging from PR61 to PR64. PCGS has graded an additional four pieces, considering all contrast levels, that range from PR62 to PR64. The present PR63 Cameo PCGS-graded coin is thus surpassed by only a single PR64 Deep Cameo coin at PCGS, and by four PR64 coins at NGC (three Cameo, one Ultra Cameo).
This is only the third time that we at Heritage have been privileged to offer an example of this rare coin. One of those pieces was an impaired proof, and the second was the Genaitis PR64 Ultra Cameo NGC-certified specimen.
The Breen Proof Encyclopedia notes that the date is to the left and close to the border, with the top of the 1 almost equally close to the bust truncation. The left bottom serif of the 1 is over a space between two denticles. On the reverse, the middle arrow lacks all but a bit of rudimentary shaft.
Interestingly, Breen fails to mention several obverse die markers that are clearly diagnostic. Although the lintmarks and tiny die dots are unmistakable, they are raised on the surface of the coin, conclusive evidence that they were in the working die when the production die was made. Several tiny dots of raised metal appear on the central and lower neck, including one slightly larger, triangular-shaped dot with a smaller, tooth-shaped dot just to its right. A raised "die lintmark" appears as a semicircle at the front of Liberty's throat. Others appear above and below the curl just above the ear, and a couple of raised dots are seen, as well, on Liberty's cheek. Another dot is seen on the chin near its apex. While the Genaitis coin is a definitely different piece, it also bears those same distinctive die markers.
This delightful coin has medium, consistent yellow-gold coloration, with considerable mint frost coating the devices that contrasts abundantly with the well-mirrored fields. A few light hairlines appear on each side under a glass, consistent with the Select proof grade. The strike is expectedly bold and pleasing, and the overall effect is one of an astonishingly beautiful coin that appears to have been graded by an extremely conservative grader. The reverse die, also fascinatingly, is rotated perhaps 15 degrees clockwise from the obverse.
This coin represents, needless to say, a momentous opportunity for proof gold specialists, as it represents a rare chance to obtain this special coin, one that hails from one of the most important years in U.S. numismatics in terms of gold rarities.(Registry values: P10) (NGC ID# 26DU, PCGS# 89090)
Service and Handling Description: Coins & Currency (view shipping information)