There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
7672

1897 $20 PR65 Cameo NGC. CAC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Aug 12, 2011
Item Activity: 11 Internet/mail/phone bidders
763 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

Gem Cameo Proof 1897 Double Eagle
From the 'Sweet Spot' of 19th Century Proof Coinage
1897 $20 PR65 Cameo NGC. CAC. The years 1896 through 1898 are known as the "sweet spot" for gorgeous Cameo and Deep/Ultra Cameo Morgan silver dollars: Some of the most intensely contrasted specimens of the type come from those years. To a lesser extent, the same is true of proof Liberty Head double eagles, although with the larger denomination the challenge was not contrast so much as simple survival: From the original mintage -- given as 76 pieces in the Breen Proof Encyclopedia, 69 coins in the Guide Book -- perhaps 35 to 40 pieces survive today. NGC and PCGS combined can account for 44 certification events, with 13 non-Cameo coins, 19 Cameo, and 13 Deep/Ultra Cameos. At NGC, this Gem Cameo is the sole one so certified, with two Cameos finer (most of the Cameo coins cluster at the PR64 level). Even if the original mintage was all sold and none melted at year-end, the gold double eagle proofs represented a considerable sum of money in the late 19th/early 20th centuries, and as such they were the first coins likely to be spent from a proof set when hard times came a-knockin'.
It is those same attributes -- low mintages and high attrition rates, combined with the venerable Liberty Head design and the popular proof gold format -- that make these coins the object of such numismatic desire today. The present Gem Cameo example shows considerable field-device contrast, even if not as profound as seen on some silver proofs of the year. The fields are more deeply mirrored than the devices are frosted, leading to the Cameo designation. Light, wispy, almost undetectable hairlining accounts for the numeric grade level. The surfaces display even orange-gold color with a slight orange-peel texture in the fields. Census: 1 in 65 Cameo, 2 finer (6/11).(Registry values: P2) (NGC ID# 26EJ, PCGS# 89113)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  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




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
910,719
bidder-members
$969,062,352
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
Only 25 days left to consign to the 2015 February 25 - March 2 PNG Dallas Invitational US Coins Signature Auction - Dallas!
Learn About Consigning With Us
If/when you are considering selling your treasured collection, it would be in your best interest to consider Heritage.
The White Rose Collection
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 $9,618,753
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