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Magnificent PR64 Cameo 1893 Ten Dollar

1893 $10 PR64 Cameo NGC. Ex: Pittman. The mintage of the 1893 proof ten is somewhat misleading with 55 pieces struck. One would expect a survivorship in the range of 25-30 pieces, but the actual number seems to be around 15-20 coins. In addition to its absolute rarity, the 1893 ten is also a condition rarity. At the PR64 Cameo level, this piece is one of the finest survivors known. It is tied with five other pieces at this level (how many of these are resubmissions?). The only finer pieces are a non-Cameo PR65, three PR65 Deep/Ultra Cameos, one PR66 Ultra Cameo, and the finest piece certified, an NGC PR67 Ultra Cameo.
David Akers' cataloging of the Pittman Collection makes note of the following die characteristics for the 1893: "The heavy date is low in the field with the 1 closer to the denticles than to the bust, 8 and 9 slightly higher than the 1 and 3, and 93 open. The reverse is similar to the 1892 with thin vertical bars in the four left red stripes of the shield and mirror surfaces between some, but not all, denticles."
This is certainly a proof that "carries its own credentials" as Walter Breen used to say. The fields are deeply mirrored and display the orange-peel texture that is often seen on gold proofs from this era. The devices are heavily frosted and set up a stark contrast against the fields. Identifiable as the Pittman piece by a shallow vertical scrape in the left obverse field and a tiny contact mark out from the point of Liberty's nose. Rich orange-gold color and a magnificent example of this rare ten dollar proof.
Purchased by John Pittman from Abe Kosoff (3/13/1962) for $650 using funds remaining on account with Kosoff from the Max Justus transaction of 1959.
From The Charleston Collection.(Registry values: P2) (NGC ID# 28FY, PCGS# 88833)

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Auction Dates
June, 2008
Internet/Mail/Phone Bidders: 8
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