1885 $10 PR65 Cameo PCGS....
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Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
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Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
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Rarer Than Even the Mintage Implies
Ex: Amon Carter
In fact, the 1885 is far rarer than its mintage would suggest, and its rarity eclipses that of earlier issues with lower mintages. According to Jeff Garrett and Ron Guth (2005),
"The number of auction appearances for this date is much less than it is for the 1884 issue, indicating that the Mint was not successful in selling all of the coins it had made. If this was a case of collectors spending their Proof coins at a later date, one would expect a number of circulated or impaired proofs to be on the market, which is not reflected to any significant degree in the coins seen
Mint records, however, do not show that any proof eagles went unsold and were melted, but the extremely low number of survivors would indicate otherwise.
Breen (1977) estimates the population to be "under 9," and there are three examples that are permanently impounded in institutional collections (two in the Smithsonian and one in the American Numismatic Society). The number of survivors is probably a little higher than Breen thought, but not by much. In the past two decades the 1885 has appeared at auction only eight times, and three of those sales represent the same coin (ex: Garrett/Bass).
The present coin is the finest example certified by PCGS. NGC has certified one example in PR65 Cameo and two finer: a 65 Ultra Cameo and a 66 Ultra Cameo (7/11). Deep reddish-gold patina drapes both sides of this illustrious Gem. The fields have a pronounced orange-peel texture and there is vivid cameo contrast on both sides. Some slight haze appears around the devices on the reverse. There are no marks worthy of mention. A truly stunning example of this rare and perhaps underrated issue.
Ex: Amon G. Carter, Jr. Family Collection (Stack's, 1/1984), lot 781; flip accompanies. (Registry values: P2) (NGC ID# 28FP, PCGS# 88825)
Service and Handling Description: Coins & Currency (view shipping information)