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Lot
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1892 $20 PR65 Cameo NGC. Although not quite as rare as the Philadelphia issue from the preceding year, the 1892 is a signif...

2006 June Long Beach Signature Auction #408

 
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Auction Ended On: Jun 2, 2006
Item Activity: 8 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Prized 1892 Liberty Double Eagle PR65 Cameo
1892 $20 PR65 Cameo NGC. Although not quite as rare as the Philadelphia issue from the preceding year, the 1892 is a significant date within the Liberty double eagle series. The bulk of production this year was delegated to the half eagle and eagle denominations. A mere 93 proofs were originally produced in addition to only 4,430 business strikes, and the number of survivors in each category is far too small to satisfy today's ever-expanding group of gold collectors. Apparently more than half of the proof production went unsold and was melted at year's end or was eventually spent, since proof double eagles did not carry a significant numismatic premium above their already significant face value until well into the twentieth century.
As with all of the proof 1892 twenties we have been privileged to offer, this specimen boasts appreciable contrast between the mirrored fields and the design elements. The color is a pleasing yellow-gold and the strike is executed with pinpoint precision. A thin veil of streaky haziness is seen over much of the reverse, which may explain why this elusive Gem Proof did not receive the Ultra Cameo designation. An important opportunity for the advanced double eagle specialist. Census: 1 in 65 Cameo, 0 finer (4/06).(Registry values: P2) (NGC ID# 26ED, PCGS# 99108)

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