Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 


1898 Double Eagle, Gem Cameo Proof
No Cameos Finer at PCGS

1898 $20 PR65 Cameo PCGS. CAC. The U.S. Mint seemingly took extra care with some of the proof coinage issues of the late 19th century. The years 1896 and 1898, in particular, stand out for some of the most remarkable proof survivors of the era. The Morgan dollars of those two years are well-known for their high quality -- frequently found with Cameo or Deep/Ultra Cameo surfaces as designated by PCGS and NGC, respectively -- but the gold coinage of those years also excels.

The present Gem Cameo proof 1898 double eagle is a case in point. Including possible resubmissions, PCGS has seen only two submissions in PR65 Cameo and none finer, while NGC shows six Cameos in PR65 with two finer, both PR66 (2/13). The original mintage was 75 proofs, but David Akers estimates that perhaps one-third survive today in all grades, a couple of dozen pieces or so. What is certain is that the certified population data are sprinkled with duplications.

For collectors of the finest numismatic trophies, the 1896 and 1898 double eagles should be near the top of the list for potential proof gold acquisitions. A coin such as the present Gem Cameo might represent an optimal grade for such a collection; both Deep/Ultra Cameo and/or higher-graded examples will fetch much stronger prices, although this piece will require a highly competitive bid. It has been nearly nine years since we offered another example in PR65 Cameo PCGS. Lot 7702 in our Pittsburgh Signature (Heritage, 8/2004) brought $80,500. More recently, Stack's Bowers offered a PR66 Cameo NGC example (Stack's Bowers, 8/2011), lot 7783, that brought $126,500.

This Gem Cameo PCGS coin is remarkably free -- for a large, soft gold coin well over 100 years old -- of any mentionable or singular contact marks, in accord with the grade. Magnification reveals a few scattered, light field hairlines that simply do not detract from the grade or the eye appeal. Generous mint frost on the golden devices contrasts deeply with jet-black mirrored fields. A tiny Mint-derived planchet flaw is located above a ray just below the A in STATES, barely noticeable and only noted for pedigree purposes. A marvelous example of this archetypal Liberty Head proof double eagle issue.(Registry values: P2) (NGC ID# 26EK, PCGS# 89114)

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

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
April, 2013
Internet/Mail/Phone Bidders: 13
Members Tracking: N/A
Page Views: 876

Buyer's Premium per Lot:
17.5% of the successful bid (minimum $14) per lot.

Heritage membership

sold in the last year

Join Now - It's Free

  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

Consignments wanted

Only 42 days left to consign to the 2015 October 29 - November 2 US Coins Signature Auction - New York!

Learn about consigning with us

Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
The Estate of David M. Faraday ,
San Rafael, CA
View More Testimonials receives more traffic than any other auction house website. To compare for yourself, visit:

Video tutorial

Getting the most out of search

Recent auctions

2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
REALIZED $8,306,961
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
REALIZED $6,503,481
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
REALIZED $10,592,191

© 2015 Heritage Auctions | All Rights Reserved