Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

Nearly Gem Proof 1892 Double Eagle, Ex: Pittman

1892 $20 PR64 Deep Cameo PCGS. In 1892, the Philadelphia Mint coined 93 proofs in addition to 4,410 business strikes for a total of 4,500 coins. Few of these survive today, especially from the proof coinage. Walter Breen suggested between 18 and 22 Proofs were accounted for, based on his notes and experience. David Akers, writing in the Pittman Collection catalogue, suggested that only 20 to 25 proofs were accounted for. This coin, by the way, is from the Pittman Collection.
In his catalogue, Akers explained the relationship between mintage figures and survival: "It is important to recognize that a mintage figure for any Proof issue represents only the number struck, not the number actually sold. it was common practice for the Mint to strike a number of Proofs (how the figure was determined is not known) and then use this existing supply to fill orders throughout the year. At year's end (usually January or February of the following year, to be exact), the unsold pieces were melted. Now, in 1892, it certainly was not very likely that 92 [sic] people willing to pay $20.50 for a Proof Double Eagle (face value plus a $0.50 'proofing' charge), and so it is probable that half, or even fewer, of the original mintage were actually distributed."
This is a another magnificent proof double eagle from the present offering with only a few very faint hairlines in the fields. The fields have lightly wavy texture, called "orange peel" texture by Akers. The contrast between fields and devices is exceptional. This will be a highlight of the next owner's collection, without a doubt.
Ex: Max L. Justus (11/22/59); John Jay Pittman (David Akers, 10/97), lot 1164.
From The Greenwich Collection, Part Two.(#99108) (Registry values: P2) (NGC ID# 26ED, PCGS# 99108)

View all of [The Greenwich Collection, Part Two ]

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

Glossary of Terms

Auction Info

Auction Dates
August, 2004
18th-21st
Internet/Mail/Phone Bidders: 7
Members Tracking: N/A
Page Views: 398

Buyer's Premium per Lot:
15% of the successful bid (minimum $6) per lot.

Heritage membership

945,046
bidder-members
$885,886,275
sold in the last year

Join Now - It's Free

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 42 days left to consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong!

Learn about consigning with us

Your item descriptions were spot on I'm certain they played a major role in the very successful outcome!
John Mahoney,
Greenwood, IN
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,887,709
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,681,373
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved