1863 $10 PR65 Deep Cameo PCGS. CAC....
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Consignor Has Not Yet Submitted a Reserve:
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This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
Heritage retains 10% (minimum $40 per lot) of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- You may take up to four (4) months to pay the balance (monthly payments of at least 1/4th of invoice total).
- Interest is calculated at only 1% per month (12% annually) on the unpaid balance, and must be kept current.
- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- All payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- All payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, or bank draft.
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
All traditional sales policies still apply. Due to the nature of the business and market volatility, there is no return privilege once you have confirmed your sale, and penalties can be incurred on cancelled orders.
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- Heritage will maintain possession of all the lots until paid in full. Therefore, you must notify us of your intent to use our Extended Payment Plan on or before the day of the auction. All pre-shipped material must be returned to Heritage in order for the plan to be in effect.
- When you get your electronic invoice, select "other" from the payment options.
- Send an e-mail to EPPGroup@HA.com indicating the invoice number and your intention to use the Extended Payment Plan.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
Sole Finest at PCGS
This lovely proof eagle would make a welcome addition to any collection. Minute, interesting die diagnostics appear on this issue: A few small raised lumps from die rust appear on the bust truncation, with another on the jaw near the earlobe. A small piece of lint somehow adhered to the hub when the die was engraved, on Liberty's cheek below her eye, producing a raised line on the die. The coiner noted this raised line and carefully wire-brushed most of it off, but telltale faint swirling lines appear on the cheek, and portions of the hubbed lintmark are still present on proofs made from this die.
On the reverse, the last vertical shield line extends up to the third horizontal stripe. These tiny diagnostics are unique to the obverse and reverse die and would appear on each coin struck from these dies unless the dies were further lapped or altered by the Mint employees. This is the single finest PCGS-certified 1863 eagle from this rare proof issue, a coin that would form the centerpiece of any proof gold collection.
The following roster is expanded and adjusted from the listing published in our 2008 FUN catalog and contains all 1863 proof Liberty eagles known to us. Most experts estimate the surviving population of this issue at 10-12 examples, which coincides well with our findings:
1. PR66 Ultra Cameo NGC. Appears on the NGC Census, but not otherwise known to us.
2. PR65 Ultra Cameo NGC. Grand Central Sale (Paramount, 11/1978), lot 624; Auction '79 (Paramount, 7/1979), lot 334; Ed Trompeter Collection (Superior, 3/1992), lot 203, sale not held; Heritage Auction Galleries, privately; unknown private collection; FUN Signature Auction (Heritage, 1/2008), lot 3268, realized $138,000.
3. PR65 Deep Cameo PCGS. Hollinbeck Coin Company; purchased privately by the Honorable R. Henry Norweb (6/1953); Norweb Collection (Bowers and Merena, 3/1988), lot 2187; Bowers and Merena (11/1989), lot 555; Dennis Mendelson Collection (Superior, 2/1991), lot 2860; Chicago Sale (Superior, 8/1991), lot 778; Heritage (7/2005), lot 10383, realized $103,500; Heritage (1/2007), lot 3658; the present coin.
4. PR64 Deep Cameo. Smithsonian Institution.
5. PR64 Cameo NGC. John Colvin Randall (4/1897); Clapp Collection (1942); Louis E. Eliasberg, Sr.; Eliasberg Estate; United States Gold Coin Collection (Bowers and Ruddy, 10/1982), lot 718; Hugh Sconyers; Bowers and Merena (9/1989), lot 544; Auction '90 (RARCOA, 8/1990), lot 964; Dennis Mendelson Collection (Superior, 2/1991), lot 2861.
6. PR64 PCGS. Samuel Wolfson (Stack's, 10/1962), lot 685; Mail Bid Sale (Quality Sales, 6/1970), lot 1856; Auction Sale (Quality Sales,11/1970), lot 1846; Harry W. Bass, Jr. (Bowers and Merena, 10/1999), lot 1490; Heritage (5/2000), lot 7795.
7. PR64 PCGS. Heritage (9/2005), lot 4872.
8. PR63 PCGS. Heman Ely; W. Elliot Woodward; purchased by T. Harrison Garrett as part of a deal involving nine complete gold proof sets from Ely's collection(10/25/1883); Garrett Collection (Stack's, 3/1976), lot 405; Long Beach I Sale (New England, 6/1981), lot 1111; Bowers and Merena (9/2001), lot 295 (sale was delayed by the 9/11 attack, this coin was not offered when the auction was rescheduled in 11/2001).
9. Proof. Amon Carter Collection (Stack's, 1/1984), lot 764. Possibly ex Frederick Geiss (B. Max Mehl, 2/1947), lot 1890, per Walter Breen.
10. Proof. American Numismatic Society. Ex: Brock, Morgan, exhibited by the Society in 1914.
A. PR63 PCGS. Kingswood II (Kingswood Coin Auctions, 6/1997), lot 184. Catalog not available for comparison.
B. Superb Brilliant Proof. Thomas Melish Collection(Abe Kosoff, 4/1956), lot 2451; A.M. Kagin. Possibly ex: Menjou Collection (Numismatic Gallery, 6/1950), lot 1604, per Walter Breen. Not illustrated.
C. Proof. F.C.C. Boyd; World's Greatest Collection (Numismatic Gallery, 1/1946), lot 668; Memorable Collection (Numismatic Gallery, 3/1948), lot 561. Not illustrated in either catalog, possibly the same as number 6 above, per Walter Breen.
D. XF. Davis-Graves (Stack's, 4/1954), lot 943, per Walter Breen. Not illustrated. The catalog description states: "Can be called Extremely fine. Has some of the proof luster. A rare date." This catalog description tells us little, not even if it is a proof. This listing should probably be discounted.
E. Brilliant Proof. King Farouk; Palace Collections of Egypt (Sotheby's, 2/1954), part of lot 200.
F. Perfect Brilliant Proof. William Cutler Atwater Collection (B. Max Mehl, 6/1946), lot 1441, not illustrated.
G. Brilliant Proof. J.F. Bell Collection (Stack's, 12/1944), lot 627, not illustrated.
H. Brilliant Proof. George Seavey, part of a complete gold proof set, probably purchased directly from the Mint in 1863; Seavey Illustrated Catalog (William Strobridge, 6/1873), lot 825, not sold as the collection was purchased intact by Lorin G. Parmelee before the auction took place; Lorin G. Parmelee Collection (New York Coin & Stamp, 6/1890), lot 1328; William H. Woodin Collection (Thomas Elder, 3/1911), lot 1227.
I. Brilliant Proof. John F. McCoy Collection (W. Elliot Woodward, 5/1864), lot 1992, part of a five piece gold proof set, probably purchased from the Mint as the coins were only struck the year before, realized $72.50 to William Lilliendahl.
J. Brilliant Proof. Thomas Cleneay Collection (S.H. & H. Chapman, 12/1890), lot 412, part of a six piece gold proof set.
K. Brilliant Proof. David S. Wilson Collection (S.H. Chapman, 3/1907), lot 323, part of a six piece gold proof set, realized $200.
L. Brilliant Proof. George Earle Collection (Henry Chapman, 6/1912), lot 2264, part of a six piece gold proof set.
M. Brilliant Proof. Major William B. Wetmore Collection (S.H. & H. Chapman, 6/1906), lot 148, part of a six piece gold proof set.
N. Gem Proof. Dr. Jasper Robertson Collection (Mid-American, 5/1985), lot 1562, possibly an earlier appearance of number 1 above.
From The Oliver Collection.(Registry values: P5) (NGC ID# 28EZ, PCGS# 98799)
Service and Handling Description: Coins & Currency (view shipping information)