1888 $20 PR65 Ultra Cameo NGC....
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|Auction Ended On:||Mar 7, 2008|
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Phoenix Convention Center
Lot Viewing: Room 106B
Auction: Room 106A
While as many as 30 or more proofs may actually be known today, condition is a problem for this date. This was recognized early on. In Breen's 1988 Encyclopedia, he noted: "Possibly 35-40 proofs survive, many nicked." When one examines the spread of grades in the population data for 1888 proofs, this is also borne out. Non-Cameo coins are heavily weighted at the lower end of the grading spectrum. The lowest is a PR55 and the finest are several PR64 examples. Most likely it was these pieces that Breen was referring to as "many nicked." The Cameo examples range from PR62 to PR66, with 10 pieces in PR64 to PR66 grades. The six Deep/Ultra proofs that have been certified are certainly not in the problem category. Two are PR64 and four are Gems.
This is a spectacular, deeply mirrored example. The fields display the typical orange-peel texture, and the depth of reflectivity contrasts sharply against the thick mint frost on the devices. Only the tiniest contact marks can be seen in the fields, and the devices appear to have been completely spared. Bright yellow-gold color overall and exceptional eye appeal.
From The Ultra Collection.(Registry values: P3) (PCGS# 99104)
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