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
3756

1887 $20 PR65 Cameo NGC. If the 1849 pattern is excluded, the 1887 is one of the three proof-only dates within the Liberty ...

2007 January Orlando, FL (FUN) Signature Coin Auction #422

 
Sold for: Sign-in or Join (free & quick)
Make Offer:
Make Offer to Owner

The owner of this Item has been actively participating in the Make Offer to Owner program.
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 4, 2007
Item Activity: 3 Internet/mail/phone bidders
375 page views
Location: Orlando, FL
Description:
Proof-Only Cameo Gem 1887 Double Eagle A Landmark Rarity Within the Series
1887 $20 PR65 Cameo NGC. If the 1849 pattern is excluded, the 1887 is one of the three proof-only dates within the Liberty double eagle series. The proof mintage of 121 pieces is misleadingly high, since far fewer examples are known today. NGC has certified 12 pieces, and PCGS has encapsulated another 19 pieces. Since the two major grading services have been in business for 20 years, there has been ample time for several of these coins to get resubmitted, and most major collections have by now been certified. Breen's estimate of 20 to 25 pieces is likely accurate. What happened to the rest of the mintage? It is possible that a small quantity was melted by the mint as unsold. In addition, it must have been a temptation for collectors and their heirs to simply spend the coin, since the face value of 20 dollars went a long way during one of the country's economic panics. Large denomination gold coins were seldom collected by date prior to the 1940s, and the enormous premiums given to proof gold coins today did not exist in the 19th century. PCGS has certified two pieces in circulated grades, one each as AU50 and AU53. Other examples likely remained in circulation until Roosevelt's gold recall, which swept in a large percentage of all the double eagles ever struck.
This pleasing specimen has a penetrating strike, with essentially complete detail within Liberty's hair to the right of the ear. The glassy fields are beautifully smooth, and the portrait exhibits impressive frost. Subtle aqua and tan tints on the reverse further confirm the originality. While many collectors over the years have begun a collection of Liberty double eagles, only a handful of collectors, such as Eliasberg and Trompeter, have managed to string together lengthy date runs of proofs. All proof double eagles are both rare and desirable, but the proof-only issues are subject to even greater demand, since they provide the only means of obtaining the date. A Cameo Gem specimen, such as the present coin, may not appear again at auction for many years, and the opportunity is fleeting.(Registry values: P5) (PCGS# 89103)

View large image(s) of this item

Service and Handling Description: Coin/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




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
885,892
bidder-members
$989,597,437
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
Only 38 days left to consign to the 2015 January 4 - 5 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC!
Learn About Consigning With Us
You have a great company. I have bid with your firm at least 11 years.
V.A.,
New York, NY
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 $13,439,671
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 $9,122,209
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