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Glittering PR64 1861 Ten Dollar

1861 $10 PR64 PCGS. CAC. The earliest regular proof gold coinage years, from 1859 to the end of the Civil War, saw mintages radically in flux, yet a fairly consistent number of pieces sold. Among the more interesting perspectives on this topic is that of Garrett and Guth, who write about this issue in their Encyclopedia of U.S. Gold Coins: "Although the Mint increased production of Proof eagles to 69 pieces in 1861, the number of pieces sold appears to have been the same amount as in the previous two years. This conclusion is based on the number of survivors, which seems identical for 1859, 1860, and 1861 issues."
This is an outstanding coin with character and history. Bold lemon-yellow hues are prominent across each side. Garrett and Guth claim that "Most, if not all, examples present a strong cameo contrast, despite the lack of that designation on some of the certified pieces." Certainly this coin offers a considerable cameo effect, as the well-defined central devices are mildly but appreciably frosted to present a noticeable contrast with the surrounding fields, which are delicately textured with what is often termed an "orange-peel" appearance. Lightly patinated surfaces show only a few scattered hairlines, though copper spots on Liberty's shoulder and near her nose and star 3 will provoke a mixed reaction, depending on one's penchant for originality. Nonetheless, the overall visual appeal is excellent.
From The Henry Miller Collection.(Registry values: P5) (NGC ID# 7LMM, PCGS# 8797)

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Auction Dates
January, 2011
Internet/Mail/Phone Bidders: 8
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