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
1303

1881 $10 PR66 Ultra Cameo NGC....

2009 August Los Angeles, CA US Coin Auction #1128

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jul 31, 2009
Item Activity: 7 Internet/mail/phone bidders
587 page views
Location:

Hyatt Regency Century Plaza
2025 Avenue of the Stars
Los Angeles, CA 90067

Description:
Single Finest Known Proof 1881 Eagle
PR66 Ultra Cameo
1881 $10 PR66 Ultra Cameo NGC. For most of the late 1860s until the mid-1880s, the mintages of proof gold eagles could be relied upon to number from a couple of dozen to less than four dozen examples per year. Only in the late 1880s did the annual proof mintages slowly increase until the record 120 pieces, was predictably achieved in 1900. For 1881 the eagle mintage was a typical 40 (possibly 42) coins, making it, like so much proof gold of the era, rare and much desired today. Whatever the exact original mintage, it is a telling statistic that NGC and PCGS together have certified only eight proofs of the issue in all grades. Of those eight certification events, the present example is clearly the single finest known.
Why are proof coins of this issue (and several other issues in the 1880s-1890s) so rare today? Walter Breen has speculated that the financial Panic of 1893 reduced the available populations, as numismatists raided their hoards of proof gold coins for cash spending money. The small premium the Mint charged for proof gold meant that those collectors were not out a great deal of money through such maneuvers, adding credence to the theory.
The present piece is numerically finer than any certified at PCGS, regardless of the level of contrast; that service has certified only one Gem proof, a non-Cameo at that. It is numerically the single finest at NGC as well, and the only Ultra Cameo 1881 in any grade at that service. This finest known and only Premium Gem Ultra Cameo specimen boasts deep, incredible contrast throughout, with thick mint frost on the devices and watery fields that display a pronounced orange-peel effect. Only with magnification do a few insignificant signs of contact appear, on surfaces that are essentially pristine otherwise.
Dedicated gold specialists are well aware of the elusive nature of Deep/Ultra Cameo proof gold coinage of this era, and should be expected to bid aggressively on this memorable and desirable proof gold coin.(Registry values: P3) (PCGS# 98821)

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
878,677
bidder-members
$961,016,656
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 23 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 am very pleased with the results thus far, and feel that my reliance upon your guidance and advice about certain critical questions has been well placed.
Paul H. Crockett,
Miami, fL
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 $9,714,386
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