There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
5337

1846 $10 PR64 Cameo NGC....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 6, 2011
Item Activity: 8 Internet/mail/phone bidders
4,603 page views
Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:

Desirable 1846 Eagle, PR64 Cameo, Ex: Pittman
One of Two Outside of Museum Collections
1846 $10 PR64 Cameo NGC. Ex: Pittman. The last of the three 1846-dated proof gold coins offered here as individual lots. These piece were all at one time part of an amazing, original 10-piece proof set, complete from half cent through eagle, first offered in an 1892 auction of 19th century dealer Ed Frossard. The set passed from Numismatic Gallery in 1949 to collector extraordinaire John Jay Pittman, who exhibited the set many times at ANA conventions, along with his complete proof sets dated 1843, 1844, and 1845. According to Garrett and Guth, Pittman considered the run of complete 1843-46 proof sets to be "among his most prized possessions."
This 1846 proof eagle is one of only four known survivors, with two of them in museum collections. The Smithsonian Institution and American Numismatic Society each have a proof example; the third example is the Eliasberg coin. In cataloging this piece, David Akers comments:

"A total of four examples are known and these may represent the entire mintage since there are only four or fewer pieces known of each of the gold Proofs of the 1840's."


The 1846 eagles are elusive even as business strikes, due to their small antebellum mintage of a bit more than 20,000 coins--although the proof coins are immeasurably rarer. An MS61 business strike sold for $22,500 in 2005, setting a record at the time for the issue. Akers wrote in 1988:

"The 1846 is a grossly underrated date in this most underrated U.S. coin series. It is not easy to locate an 1846 Eagle in any condition ... No uncirculated specimen has ever been auctioned and I have never seen one in that grade. In fact, I have only seen one that I graded AU."


Note that the Eliasberg specimen below has traded hands numerous times over the years, and for most of those occasions, the piece was touted as the "only piece available to collectors," since the Pittman coin was usually noted as "New York collection." The Pittman example here thus makes a second specimen available to collectors of this prime rarity. This fully struck proof coin displays a satiny surface texture overall and is remarkably free of mentionable contact, with noteworthy field-device contrast and exceptionally well-mirrored fields. An incredible prize with an important and lengthy pedigree--like all the coins in this set--the present piece should be the subject of feverish bidding when it crosses the auction block. Today's exceptional market for gold coins and rarities should make for interesting bidding.

Condition Census
--PR64 Deep Cameo. Mint Cabinet; Smithsonian Institution.
--PR64 Cameo NGC. Part of a complete original cased proof set complete with gold, the only one known. Ed Frossard (11/4/1892); Numismatic Gallery (1949); John J. Pittman; Pittman Collection (Akers, 5/1998), lot 1712, realized $522,500 for the set. The present example.
--Proof. American Numismatic Society. Displayed at the famed 1914 ANS Exhibition.
--Proof. Elmer S. Sears (12/1921); John H. Clapp (1942); Clapp Estate; Louis E. Eliasberg, Sr.; Eliasberg Estate ("U.S. Gold," Bowers and Ruddy, 10/1982), lot 675, Choice Brilliant Proof-65, $46,200; Don Kagin; Auction '90 (Akers, 8/1990), lot 1922, "Choice Proof 63 or finer," realized $101,750; Worrell Collection (Superior, 9/1993), lot 1670, PR63 PCGS, realized $46,200; Seymour Finkelstein Collection (Stack's, 10/1995), lot 1636, Choice Brilliant Proof, PR65 PCGS, offered by Albanese Rare Coins in March 2005 at $300,000.(Registry values: P1) (NGC ID# 28F5, PCGS# 88782)

View large image(s) of this item

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

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
907,336
bidder-members
$976,694,645
sold in the last year
VIEW BENEFITS
  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
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 April 8 - 13 CICF World Coins & Ancient Coins Signature Auction - Chicago.
Learn About Consigning With Us
Please give a big thank you to the entire Heritage team. Everyone was a pleasure to work with and Heritage delivered beyond our expectations.
Cheryl Rubin, Sr. Vice President-Brand Management DC Comics,
New York, NY
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York
2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York
REALIZED $10,408,819
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED $9,039,261
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,817,724