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1863 $10 PR65 Ultra Cameo NGC....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

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Auction Ended On: Jan 10, 2008
Item Activity: 7 Internet/mail/phone bidders
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Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Gem Proof Ultra Cameo 1863 Eagle
1863 $10 PR65 Ultra Cameo NGC. Highly brilliant yellow gold surfaces and amazing contrast create a stunning beauty with extraordinary aesthetic appeal. The fields are watery and deeply mirrored, surrounding creamy yellow-gold luster on the obverse and reverse design motifs. The surfaces are virtually flawless, with only the slightest contact marks, primarily limited to the reverse. Only two or three pedigree characteristics are evident: a minuscule spot between two dentils over star 8, a tiny stain confined to the outer rim at star 13, and a minute contact mark in the upper reverse field, midway between E of STATES and the eagle's head.

Rarity and Population Data
Just nine or ten proof 1863 eagles exist today from an original mintage of 30 coins, according to our study of past collection and sale records. NGC and PCGS show a combined total population of 25 grading events, suggesting a resubmission rate of 2.5 submissions per coin.

PR63 3 0
PR63 Cameo 0 1
PR64 4 0
PR64 Cameo 0 5
PR64 Deep Cameo 4 5
PR65 Deep Cameo 1 1
PR66 Deep Cameo 0 1

Die Details
In his Proof Encyclopedia, Breen describes the dies:

Date low, far to right, much nearer to 13th star than to first, the partly filled 3 nearly lined up with right corner of truncation. Scattered rust pits on cheek and neck. Left base of 1 central. Reverse, top of second stripe thin.

To that description, we can add that the obverse has a small build up of extra metal on the rim at star 12. The cheek has swirls of raised die lines between the earlobe and nose. The right-most pale of gule 6 extends upward to the third crossbar, but no others extend past the bottom crossbar. The reverse die, especially, was expertly prepared.

Roster of Existing 1863 Proof Eagles
1. PR66 Ultra Cameo NGC. Appears on the NGC Census, but not otherwise known to us.
2. PR65 Ultra Cameo NGC. The Present Specimen. 1978 Grand Central Sale; 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.
3. PR65 Deep Cameo PCGS. Hollinbeck Coin Co. (6/1953); Norweb Collection (Bowers and Merena, 3/1988), lot 2187; Bowers and Merena (11/1989), lot 555; Superior (2/1991), lot 2860; Superior (8/1991), lot 778; Heritage (7/2005), lot 10383; Heritage (1/2007), lot 3658.
4. PR64 Deep Cameo. Smithsonian Institution.
5. PR64 Cameo NGC. J. Colvin Randall (4/1897); Clapp Collection (1942); Louis E. Eliasberg, Sr.; Eliasberg Estate (Bowers and Ruddy, 10/1982), lot 718; Bowers and Merena (9/1989), lot 544; RARCOA (Auction '90, 8/1990), lot 964; Superior (2/1991), lot 2861.
6. PR64 PCGS. Samuel Wolfson (Stack's, 10/1962), lot 685; Abner Kreisberg (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. W. Foster Ely; W. Elliot Woodward (9/5/1883); Garrett Collection (Stack's, 3/1976), lot 405; New England (6/1981), lot 1111; Bowers and Merena (9/2001), lot 295.
9. Proof. Amon Carter Collection (Stack's, 1/1984), lot 764. Possibly ex Frederick Geiss (B. Max Mehl, 2/1947), lot 1890.
10. Proof. American Numismatic Society.

A. PR63 PCGS. Kingswood (6/1997), lot 184. Catalog not available.
B. Proof. Thomas Melish (Abe Kosoff, 4/1956), lot 2451; A.M. Kagin. Possibly ex Menjou Collection (Numismatic Gallery, 6/1950), lot 1604. 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.
D. XF. Davis-Graves (Stack's, 4/1954), lot 943. 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.(Registry values: P5) (NGC ID# 28EZ, PCGS# 98799)

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