There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
3421

1891 $20 PR66 PCGS. Aside from its obvious rarity as a proof double eagle, the date is a rarity in all grades. In addition ...

2006 October Dallas Signature Coin Auction #428

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Oct 25, 2006
Item Activity: 11 Internet/mail/phone bidders
2,243 page views
Description:
Premium Gem Proof 1891 Double Eagle Rarity
1891 $20 PR66 PCGS. Aside from its obvious rarity as a proof double eagle, the date is a rarity in all grades. In addition to the 52 proofs that were coined during the year, the Philadelphia Mint produced a miniscule quantity of circulation strikes, just 1,390 pieces. The advanced collector will recognize that, for this date, proof examples are actually more plentiful than Mint State pieces. At one time in numismatics, not long after these coins were made and well into the 20th century, collectors did not differentiate between Mint State and proof examples, and a lovely Gem proof such as this piece would suffice to represent the date. Today, of course, that has changed, and substantial demand exists for both formats, which explains the importance and desirability of this piece. Only about three or four Mint State examples exist today, along with about 25 proof pieces.
This Gem example is one of the three or four finest proofs of the date that survive today. The devices are heavily frosty with brilliant yellow-gold luster and the fields are deeply mirrored. It should easily qualify as a cameo proof, if not a deep cameo example, although this piece does not carry any such designation from PCGS. This grading service has certified just two examples at the PR66 grade level out of a total of 19 grading events. The only other similar piece has a Deep Cameo designation. It appears that this piece is from the same die identified for all proofs of this issue, with the date slanting slightly up to the right, the rays below TE of STATES thinner than others, and the rightmost tail feather broken.
Although a Condition Census of proof examples would be difficult to compile, we believe that this piece is certainly near the top of any such list. The finest known example appeared in the Harry W. Bass, Jr. Collection, and that piece is considered by some to the finest proof of any date. The Bass coin was certified by PCGS as PR67, and later certified by NGC as PR68 Ultra Cameo. Two different examples are included in the Smithsonian Institution holdings, and both are graded PR64 Deep Cameo. Other top quality pieces include the Pittman Collection coin, and the Trompeter Collection specimen.
Proof gold coins are an important, yet under-studied, part of numismatics. Few Census notes exist for any of these coins, with the most extensive attempt being accomplished by Walter Breen in his Encyclopedia of Proof Coins that was published 30 years ago. Recent auction catalogs have attempted Census compilations for individual dates as they have been offered, but no comprehensive listing is known to exist. The notes compiled by Jeff Garrett and Ron Guth in their Encyclopedia of U.S. Gold Coins provide an important accounting of pieces in the Smithsonian Institution, although this reference does not include any past pedigree notes for such coins. The challenge faced with the numismatist who may wish to undertake such a project are daunting, and probably explain why such a comprehensive study has not been attempted in recent years.
From The Hamburg-Sonoma Collection.(Registry values: P3) (NGC ID# 26EC, PCGS# 9107)

View all of [The Hamburg-Sonoma Collection ]
View large image(s) of this item

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  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
910,951
bidder-members
$970,075,485
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
Consign to the 2015 April 8 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago.
Learn About Consigning With Us
Top notch. No complaints. Would consider no one else to handle my material.
K.W. ,
Cupertino, CA
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 December 4 - 7 Houston Money Show US Coins Signature Auction - Houston
2014 December 4 - 7 Houston Money Show US Coins Signature Auction - Houston
REALIZED $9,614,728
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 $9,041,265
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 $1,817,724