1900 $20 PR65 Cameo NGC....
Stunning Gem Proof Cameo 1900 Double Eagle1900 $20 PR65 Cameo NGC. Although the Smithsonian Institution has numerous examples of most dates of proof Liberty Head gold double eagles--because of the original Mint Collection, transferred to the Smithsonian, and duplicates added from the Josiah K. Lilly Collection--the 1900 is an exception. The sole example at the Smithsonian is a PR64 piece. The recorded mintage of 124 coins is rather high for a proof Liberty Head double eagle, likely due to those giddy collectors numismatically celebrating what they viewed as the beginning of a new century in 1900. However, many of the known pieces are impaired or damaged in some way.
The 1900 is also an issue that is encountered with and without Cameo surfaces. In PR65 Cameo, this piece is one of seven examples at NGC, with five Cameo coins finer (PR67 the finest). PCGS has certified four PR65 coins as the finest of the issue, all of them Deep Cameo (2/08). The 1900 double eagle is a popular issue for another reason, as it was not long after, in 1902, that the Mint, for reasons that are undocumented today, switched its method of proof gold production. The Liberty Head pieces from 1902 and later, up through 1907, are mostly brilliant, and generally lack the cameo contrast so beloved of collectors today.
This piece has unfathomably deep mirrors with sharply contrasting mint frost over the devices. The surfaces are free from any noticeable or mentionable defects, and each side has slightly hazy. Both obverse and reverse show rich orange-gold color with a slight accent of reddish patina.
It is noteworthy that this stunning Gem proof is the single finest-certified specimen of the issue that we have ever offered since we began maintaining our Permanent Auction Archives. The previous offerings of the 1900 ranged from PR64 downward to PR61, with most of those uncertified as Cameo coins.(Registry values: P1) (NGC ID# 26EM, PCGS# 89116)
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