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7708

1904 $20 PR64 Cameo PCGS. This issue had a similar proof ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 20, 2004
Item Activity: 8 Internet/mail/phone bidders
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Location: Pittsburgh, PA
Description:
Magnificent Cameo Proof 1904 Double Eagle
1904 $20 PR64 Cameo PCGS. This issue had a similar proof mintage to others from the early 20th century, with 98 examples struck. This date is the most common date in business strike format, however, is quite rare as a proof. Most numismatists believe that the current population of 1904 proof double eagles is between 40 and 50 coins. The two grading services have certified 102 examples, again more than the original mintage!
This splendid double eagle has exceptional aesthetic appeal and will please the connoisseur. Both the obverse and the reverse have rich orange gold coloration with excellent contrast between the deeply mirrored fields and the frosty, lustrous devices. Every detail is fully defined. The obverse has a slightly hazy appearance while the reverse is clear. There are two different camps regarding this hazy appearance. One camp, lead by dealer David Akers, believes that this haze is the mark of an original proof gold coin and should be left completely undisturbed. The other camp, with numerous members, considers such haze to get in the way of the true beauty of these proofs, thus must be carefully removed. The grading services appear to bridge the gap, and as long as a proof is not blatantly cleaned, will certify the coin with or without the hazy appearance.
From The Greenwich Collection, Part Two.(#89120) (Registry values: P2) (NGC ID# 26ES, PCGS# 89120)

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