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Lot
5498

1901 $20 PR64 PCGS....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 7 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
1901 Liberty Twenty, PR64
Lovely Cameo Contrast
1901 $20 PR64 PCGS. The Philadelphia Mint coined 96 proof double eagles in 1901, and most students believe that about half of those (45 to 50 coins) still exist today in a wide range of grades. In 1982 David Akers wrote that about 30 to 35 proofs are known. More recently in 2006, Jeff Garrett and Ron Guth wrote: "The 1901 issue is one of the more available Type 3 double eagles in Proof, even though there are only 40 to 50 examples known."
The certified population reports include 40 proofs submitted to PCGS and 38 at NGC. Those 78 submissions include four Deep or Ultra Cameo coins, 41 Cameo proofs, and 33 undesignated pieces. The average grade of all 78 submissions is 62.5, characterizing this piece as slightly above average.
The lemon-yellow surfaces of this Choice proof combine deeply mirrored fields and frosty, lustrous devices that exhibit full detail, creating a delightful cameo appearance, despite the lack of a Cameo designation on the holder. The astute bidder may want to consider resubmitting this piece to attain that coveted designation. This is an important opportunity to acquire a relatively plentiful proof Liberty double eagle with excellent eye appeal. We expect considerable bidding activity when this beauty crosses the auction block at our Platinum Night event during the Central States Numismatic Society convention in Chicago in April. Population: 8 in 64, 1 finer (3/11).(Registry values: P1) (NGC ID# 26EN, PCGS# 9117)

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