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Lot
7702

1898 $20 PR65 Cameo PCGS. A deeply reflective yellow-gold ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 6 Internet/mail/phone bidders
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Location: Pittsburgh, PA
Description:
Glittering Gem Cameo Proof 1898 Double Eagle
1898 $20 PR65 Cameo PCGS. A deeply reflective yellow-gold specimen with an appreciable 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 obverse is essentially as struck while on the reverse light magnification reveals only a pair of short, wispy hairlines under the tip of the eagle's right (facing) wing. 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. Production of our nation's largest regular issue gold coin in proof format was limited to a modest 75 pieces in 1898, and it can be reliably estimated that as many as 50 specimens are extant. Of course, only a small minority of those qualify at the PR65 or better grade level. This beautiful specimen represents an important opportunity for the gold specialist to acquire a rock-solid Gem example of the sought-after Liberty Double Eagle proof. Population: 2 in 65 Cameo, 1 finer (7/04).(#89114) (Registry values: P2) (NGC ID# 26EK, PCGS# 89114)

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