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Lot
3457

1895 $10 PR65 Ultra Cameo NGC....

2008 May Long Beach, CA Signature Auction #1108

 
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Auction Ended On: May 30, 2008
Item Activity: 11 Internet/mail/phone bidders
6,269 page views
Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103B,C

Description:
Glittering 1895 Liberty Eagle, PR65 Ultra Cameo
1895 $10 PR65 Ultra Cameo NGC. This stunning Gem has exceptional aesthetic appeal, and should prove to be a delightful addition to the connoisseur's collection. Both sides have impressively deep mirrors around highly lustrous and brilliant yellow devices. In addition, every individual star, numeral, and letter on the obverse and the reverse are fully lustrous and stand boldly against the fields, with the frosty border serving to frame the entire presentation. Only the faintest hairlines are reflected in the mirrors to limit the grade.
The mintage of this issue was limited to just 56 proofs, and a rather small percentage of those pieces, probably just one-third, still exist today. We estimate the total population in the range of 15 to 20 coins in all grades, including two pieces in the Smithsonian Institution. From that population, we believe that this example ranks among the top two or three pieces.
NGC and PCGS have combined to certify 44 examples of the 1895 proof eagles, exactly half in Ultra or Deep Cameo quality. The best of these include two PR65 Deep Cameo PCGS; three PR65 Ultra Cameo NGC; one PR66 Deep Cameo PCGS; and two PR66 Ultra Cameo NGC coins. Of course, these totals include the possibility of resubmission, so the actual high-grade population is probably less. The opportunity to bid on and acquire such a magnificent specimen only comes along once in a great while. In our own auctions over the last 15 years, this is only the fifth proof 1895 eagle we have offered, and the first Ultra Cameo example. Census: 3 in 65 Ultra Cameo, 2 finer (4/08).(Registry values: P1) (NGC ID# 28G2, PCGS# 98835)

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