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Remarkable PR65 Cameo 1904 Twenty

1904 $20 PR65 Cameo PCGS. For double eagle collectors, the date "1904" usually conjures up images of thousands upon thousands of type coins, back in the U.S. after an extended stay in European gold holdings. For proof double eagle enthusiasts, however, 1904 is important for a far different reason: it is the year that the mintage for proof twenties fell back into the double digits after reaching a then-high 158 pieces the year before. The production of 98 specimens in 1904, in turn, would not be reached again in the Liberty double eagle series.
Proof coins of 1902 to 1916, particularly the proof gold of 1902-1907, is noted for its usually seen "brilliant" surface style, which shows little to no contrast between fields and devices. The presence of appreciable frost, and thus a cameo effect, is unusual on these later dates and particularly prized when seen, especially on higher-graded representatives.
The moderate contrast on this Gem specimen sets it apart. Gold-frost devices are exquisitely detailed and surrounded by deep mirrors that sport rich honey-gold and orange hues. Occasional hints of light clouding in the fields and a few small peripheral defects combine to account for the grade, but the overall visual effect is remarkable. Between the impressive preservation and the uncommon level of cameo contrast, this proof gold beauty is a winner in every respect. Population: 6 in 65 Cameo, 0 finer (9/10).(Registry values: P2) (NGC ID# 26ES, PCGS# 89120)

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Auction Dates
October, 2010
Internet/Mail/Phone Bidders: 9
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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
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