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Description

PR64 Cameo 1881 Eagle
Only 40 Proofs Struck

1881 $10 PR64 Cameo NGC. CAC. For their entry on the proof 1881 ten dollar, Garrett and Guth reprint one of Breen's more entertaining and logical speculations, that the proof 1881 tens, already rare due to an initial mintage of just 40 pieces, were further impacted by once-wealthy numismatists spending their collections during the Panic of 1893. As the later authors put it, "After all, $10 was a significant amount of money in the latter part of the 19th century, and since the collector premiums on Proof coins were so low, who could blame them for spending them?" This survivor, by contrast, was never spent. Its bright yellow-gold surfaces and frosted devices have survived the decades with no more than a few stray hairlines picked up along the way. Simply magnificent eye appeal. Census: 1 in 64 Cameo, 2 finer (11/10).
From The Henry Miller Collection.(Registry values: P3) (NGC ID# 28FK, PCGS# 88821)

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Auction Dates
January, 2011
5th-9th
Internet/Mail/Phone Bidders: 8
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