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Description

Important Gem Cameo Proof 1886 Liberty Double Eagle

1886 $20 PR 65 Cameo NGC. The 1886 is one of the most sought-after and difficult issues of the Liberty double eagle series. Its mintage of 1,000 business strikes and 106 proofs gives the '86 twenty a total mintage that places it in sixth place among regular issues (discounting the prototype 1849), and it is surpassed in rarity only by the 1854-O, 1856-O, 1861 Paquet, 1870-CC, and the 1882. The number of surviving proofs is significantly less than half of the original production figure, probably numbering fewer than 30 pieces.
The magnificent specimen that is now offered displays stark contrast between the deep pools of watery brilliance in the fields and the heavily frosted features. A slight reddish tint has also accumulated over the decades that adds a comforting look of originality to the two-toned surfaces. There is a tiny water spot below the portrait that is immediately noticed by the viewer and a more thorough examination reveals a lengthy vertical line in the right obverse field that may actually be as struck. An opportunity of obvious significance to the advanced collector of United States proof gold. Population: 5 in 65, 1 finer (2/00). (PCGS# 9102)

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Auction Dates
May, 2000
5th-8th
Internet/Mail/Phone Bidders: 4
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