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Lot
4987

1884 $10 PR65 Deep Cameo PCGS. CAC....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 4 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
Rare Gem Deep Cameo Proof
1884 Eagle, Finest Such at PCGS
1884 $10 PR65 Deep Cameo PCGS. CAC. The present Gem Deep Cameo proof 1884 eagle is the sole example so certified at PCGS, and there are none finer (11/11). The second-finest graded are a trio of submissions in PR64 Deep Cameo, and NGC has never certified an Ultra Cameo example of the issue. Another non-Cameo Gem proof at PCGS is numerically tied with the present coin as the finest certified. PCGS has seen only nine submissions of the 1884 proof eagle in all grades.
NGC has certified six submissions, all Cameo coins ranging from PR63 to PR65. This makes a total of 15 submissions at both services combined, a remarkably small total when one considers that some may be duplicates.
The proof mintage of 1884-dated eagles is recorded as 45 pieces in Breen's Encyclopedia and 48 for half eagles; however, Breen notes that older references in the 1949-65 timeframe reported 18 half eagles, casting some doubt that the 30 proof sets reported for January 1884 might in fact be holdovers from 1883, which would make only 15 proof eagles produced for 1884.
Regardless of the exact numbers minted and surviving today, it seems clear that the 1884 eagle in proof format is a remarkably rare bird, and the present Gem is among the finest known. The surfaces overall are an even yellow-gold with a tinge of red. The fields are deeply mirrored throughout, complementing the thick mint frost coating the raised devices. The only mentionable contact marks are minuscule, one in the field between stars 1 and 2, one above the eagle's head, and one to the left of U(NITED), all quite trivial.(Registry values: P3) (NGC ID# 28FN, PCGS# 98824)

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