1895 $20 PR64 Deep Cameo PCGS. CAC....
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Stunning, Heavily Contrasted Proof
Only 18 to 21 Estimated Extant in All Grades
The acute shortage of gold coins in the government's reserves had a profound effect on priorities at the Mint in 1895. Resources were devoted almost exclusively to business strike coinage. No patterns were produced, and proof coinage of the double eagle was limited to a paltry 51 pieces. Today perhaps half that number survive, with several specimens impounded in institutional collections and many are seen in impaired condition. A search of auction records reveals that Heritage has handled two other 1895 proof twenties in the last decade. The most recent was a PR64 Cameo in February of this year, but certified by NGC, a coin that brought $71,875. Other significant specimens known include the PR65 Garrett/Bass coin and the Gem proof Pittman example.
This PR64 Deep Cameo example offers glorious orange-gold coloration with premium eye appeal. The primary pedigree markers are a tiny, triangular planchet indentation to the left of the 1 in the date, possibly as produced. A series of near-microscopic, dotlike ticks appear in a straight line before Liberty's lower nose and star 4. Another contact mark is noted on the reverse, just below ED. Again, these tiny markers are mentioned only for pedigree purposes. Much more importantly, the strike is expectedly bold, with generous field-device contrast yielding the coveted black-on-gold appearance. The appeal of this stunning rare coin is strictly high-end. Expect a premium bid to win this prize.
Ex: Dallas Signature (Heritage, 10/2008), lot 2418, as a PCGS PR64 Cameo.(Registry values: P2) (NGC ID# 26EG, PCGS# 99111)
Service and Handling Description: Coins & Currency (view shipping information)