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Lot
5394

1885 $10 PR63 Cameo NGC. CAC....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 7 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
1885 PR63 Cameo Ten Dollar
Perhaps 15 Survive in All Grades
1885 $10 PR63 Cameo NGC. CAC. Garrett and Guth point out that even though the Mint increased production of proof tens by 20 coins from 1884, the number of survivors does not reflect that increase. Their interpretation is the Mint was not successful in selling the extra 20 coins. We infer that the unsold coins must have been melted at year's end. In any case, proof tens from 1885 are very rare. Years may pass before one is offered. Only 22 pieces have been certified in all designations, leaving only an estimated 15 or so in all grades and degrees of cameo or non-cameo contrast. This piece shows deep orange-gold color, actually bordering on reddish-gold. The obverse fields are hairlined, but curiously this does not significantly impair the depth of reflectivity. The reverse lacks the hairlining seen on the obverse, but is slightly hazy. A rare opportunity to acquire this seldom-offered date as a proof. Census: 1 in 63 Cameo, 4 finer (6/12).(Registry values: P2) (NGC ID# 28FP, PCGS# 88825)

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