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1889 Double Eagle, PR64 Deep Cameo
The Only Deep Cameo at PCGS
A Coin of Memorable Quality

1889 $20 PR64 Deep Cameo PCGS. Ex: Simpson. Even in a remarkable assemblage such as the Bob Simpson Collection, this piece offers the kind of outstanding aesthetic quality that is seldom seen, reminiscent of the character of some of the finest proof gold coins in the famed Ed Trompeter Collection.
Despite the recorded mintage of 41 proof pieces--as for so many proof Liberty Head double eagles--it is estimated that perhaps only a quarter of those coins have survived to the present day. The high face value of proof double eagles, the relatively low premiums they brought until the 1940s, and the various waves of financial hard times that hit the nation in the decades since this piece was minted, provided powerful disincentives to hold onto original survivors.
This near-Gem proof is currently the only 1889 double eagle that PCGS has certified at the ultimate Deep Cameo level, and there is only a single Gem (non-Cameo) technically finer. Although NGC has certified a few Ultra Cameo coins, as always in these series where the incentives are high for upgrades, the population data are notoriously unreliable. This example is fully struck throughout, as expected of a near-Gem proof, with every detail of hair sculpted and all eagle feathers articulated. All of the star centrils are fully struck. The surfaces display deep reflectivity with orange-peel effects in the fields, along with stark field-device contrast and incredible eye appeal. The coloration throughout is an even greenish-gold. For pedigree markers, we note two tiny dot-sized planchet indents, one above the last 8, one about halfway between the 9 and star 13. This is one of the most eye-appealing proof gold pieces we have seen in quite a long time.
From The Bob Simpson Collection.(Registry values: P4) (NGC ID# 26EA, PCGS# 99105)

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Auction Dates
August, 2010
Internet/Mail/Phone Bidders: 5
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Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
The Estate of David M. Faraday ,
San Rafael, CA
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