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Lot
7699

1894 $20 PR64 Cameo PCGS. The original mintage of Proof ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 4 Internet/mail/phone bidders
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Location: Pittsburgh, PA
Description:
Choice Cameo Proof 1894 Double Eagle
1894 $20 PR64 Cameo PCGS. The original mintage of Proof double eagles in 1894 was just 50 coins. In his Complete Encyclopedia, Walter Breen suggested that slightly under half this quantity still survives today, quoting a figure of 20 to 25 coins. He also noted that some of those are impaired. As with other proof double eagles, the combined PCGS and NGC populations closely reflect Breen's original estimate, with 28 pieces graded. Only seven of those are finer than the present example.
In the Bass Catalog, Dave Bowers wrote: "A very attractive Proof, with somewhat lighter gold color than the preceding [Bass Collection] run. Cameo-like with frosted devices. One of perhaps two dozen remaining from a mintage of 50 coins. Again, among other Proofs of this date, certain pieces are institutionally held and others are notably impaired."
This is a splendid and Choice proof example with exceptional cameo contrast. The fields are nicely mirrored and the devices significantly lustrous, all with pleasing light yellow gold color. A few very faint horizontal slide marks on Liberty's cheek are all that keep this from the Gem category.
Ex: Quality Sales Corporation (9/73), lot 1311; Harry W. Bass, Jr. Collection (Bowers and Merena, 10/99), lot 1914; The Greenwich Collection, Part Two.(#89110) (Registry values: P2) (NGC ID# 26EF, PCGS# 89110)

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