There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
4968

1869 $10 PR67 Ultra Cameo NGC....

2012 February 2-5 US Coins Signature Auction- Long Beach #1167

 
Sold for: Sign-in or Join (free & quick)
Make Offer:
Make Offer to Owner

The owner of this Item has been actively participating in the Make Offer to Owner program.
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Feb 3, 2012
Item Activity: 13 Internet/mail/phone bidders
4,104 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Single Finest Proof 1869 Eagle
PR67 Ultra Cameo
1869 $10 PR67 Ultra Cameo NGC. The proof 1869 eagle issue was a rarity as soon as the calendar turned to 1870. Only 25 examples were in the recorded proof mintage, one of the smallest figures from the regular era of proof gold production, though not the smallest (claimed at 20 pieces by the 1874 and others in the late Reconstruction era). The pool of numismatists in the 1860s and 1870s was small, as coin collecting was still a nascent hobby at the time, and the number of collectors with the desire and financial wherewithal to sink more than $40 -- in the money of the time -- into a set of gold proofs for a single year. It is probable that even the minuscule mintage of 25 proofs was too much for the market to bear, and that at least a handful of eagles (and likely, by extension, double eagles) went unsold and were melted down near or after the change in the calendar year.
Major sources such as the PCGS Population Report and the Encyclopedia of U.S. Gold Coins agree on present-day survival of a dozen coins with one or two more possibilities. Perhaps not coincidentally, there are a total of 12 certification events for the proof 1869 eagle in the combined certified population, across all contrast designations, as of (12/11). Garrett and Guth write in the Encyclopedia, "Even though the 1868 and 1869 eagles have the same Proof mintages, the 1869 is slightly more common. However, one or two extra coins out of a total population of a dozen means that this date is extremely rare in proof condition." Such is the hair-splitting needed to define issues within the sequence of profound rarities in mid-19th century proof gold.
Of the 12 pieces in the combined certified population, two are rated as non-Cameo, both by PCGS; in all likelihood, these were certified prior to that service's adoption of Cameo and Deep Cameo designations, for all other certified specimens are at least Cameo, and a production run of 25 pieces would not allow the frost "bloom" on the devices to fade away in time to strike non-Cameo pieces. Yet Deep or Ultra Cameo quality is not a guarantee for this issue, either; NGC has certified only three coins as Ultra Cameo, while PCGS recognizes only one Deep Cameo piece. Among these four, the present PR67 Ultra Cameo specimen is the single finest certified; moreover, it is the sole PR67 or better example known for the date, with a PR66 PCGS coin as its nearest rival (12/11).
This Superb Gem's appearance is nothing short of extraordinary. Its contrast between amply frosted devices and boldly mirrored fields more than lives up to the Ultra Cameo designation, even through a light partial layer of milky patina that hovers close to the portrait. The color on that side is rich honey-gold, whereas the reverse is closer to yellow, yet both hues suit the piece in their own way. A handful of tiny planchet imperfections in the left obverse field have no influence on the technical grade and little more on the eye appeal. The collector who chooses to collect classic proof gold does so knowing the extreme rarity of the pieces he or she seeks -- as well as the steep prices that rarity can command. For such a collector, this coin is greatness. The only question is, at what price?(Registry values: P4) (NGC ID# 28F7, PCGS# 98809)

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




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
877,630
bidder-members
$960,865,727
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
Only 32 days left to consign to the 2014 October 8 - 12 PNG New York Invitational Coin Show US Coins Signature Auction - New York!
Learn About Consigning With Us
I wish to extend our appreciation to you for over $925,000.00 realized from the above subject auction. This amount realized was approximately $110,000.00 more than we anticipated.
Federal Deposit Insurance Corporation,
Newport Beach, CA
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 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando
2014 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando
REALIZED $9,734,681
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
REALIZED $14,773,379
2014 April 24 & 28  CSNS World Currency Signature Auction - Chicago
2014 April 24 & 28 CSNS World Currency Signature Auction - Chicago
REALIZED $2,708,143