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Lot
10729

1898 $20 PR64 Deep Cameo PCGS. CAC....

2014 March 21 & 23 US Coins Signature Auction - San Francisco #1198

 
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Auction Ended On: Mar 21, 2014
Item Activity: 9 Internet/mail/phone bidders
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Location: Bently Reserve
301 Battery Street
San Francisco, CA
94111
Description:
1898 Liberty Double Eagle, PR64
Rare Deep Cameo Example
Only 75 Pieces Struck
1898 $20 PR64 Deep Cameo PCGS. CAC. Only 75 proof Liberty double eagles were struck in 1898 and the surviving population numbers no more than 35-40 examples in all grades. The 1898 was one of the best-produced dates of the series and collectors have always prized high-quality specimens of this issue. Unfortunately, some coins were mishandled over the years, reducing the already small supply. PCGS and NGC have combined to certify nine coins in grades below PR60 (2/14). Two coins are included in the National Numismatic Collection at the Smithsonian Institution and one is in the collection of the American Numismatic Society. Jeff Garrett and Ron Guth believe the population data for this issue has been distorted by resubmissions and crossovers, as the leading grading services have certified a total of 79 specimens between them (2/14).

The present coin is a deeply reflective orange-gold specimen with a remarkable degree of contrast for this normally well-produced double eagle proof. Close inspection of the fragile mirror surfaces makes one even more appreciative of the quality of this beautifully preserved representative. The reverse is essentially as struck while on the obverse light magnification reveals several wispy hairlines in the left and right fields. These, of course, have no ill-effect on the coin's dramatic eye appeal and perhaps shave a point off the specimen's overall grade. This beautiful piece represents an important opportunity for the gold specialist to acquire a rock-solid near-Gem example of the sought-after Liberty Double Eagle proof. Population: 4 in 64 Deep Cameo, 5 finer (2/14).
Ex: Dallas Signature (Heritage, 11/2005), lot 2476.(Registry values: P2) (NGC ID# 26EK, PCGS# 99114)

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