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Lot
4813

1899 $10 PR67 Ultra Cameo NGC....

2013 June 5 - 9 US Coin Signature Auction - Long Beach #1186

 
Sold for: Not Sold
Auction Ended On: Jun 6, 2013
Item Activity: 3 Internet/mail/phone bidders
741 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

1899 Eagle, PR67 Ultra Cameo
Finest We Have Offered in Four Years
1899 $10 PR67 Ultra Cameo NGC. The 1899 eagle saw a proof production that was slightly higher by a couple of dozen pieces over the previous couple of years, and it appears a tad more frequently at auction than some of the earlier dates in the series. Garrett and Guth remark that "hardly any were spent (unlike in previous years)," although that is obviously guesswork and deduction extrapolated from the various market data.

What is more important than conjecture and extrapolation regarding numbers of survivors is, simply, that this piece represents one of the few finest examples remaining of the issue. PCGS has seen two in the grade of PR67 Deep Cameo with none finer; NGC accounts for two in PR67 Ultra Cameo, including the present coin, with one PR67 Ultra Cameo and one PR68 Ultra Cameo finer, making six grading events in all in PR67 and PR68. How many of those top-graded submissions in Ultra/Deep Cameo represent different coins is equally a matter for conjecture.

This piece exhibits medium yellow-gold device high points that are thickly frosted and contrast starkly against the reflective, jet-black fields on both sides, well into the Ultra Cameo contrast level rather than a "just made it" coin. The strike is full front and back. It requires a strong loupe to see two tiny marks beneath Liberty's chin and a small tick in the right obverse field near star 12, picayune signs of contact that are undistracting but which will serve as pedigree markers. The reverse shows a small indent, as made, at the tip of the olive stem.

This is the first example of this date in the PR67 grade level we have offered since our FUN Signature (Heritage, 1/2009), lot 4119, where a PR67 Ultra Cameo NGC example brought $74,750. Two PR68 examples we have handled brought $149,500 and $138,000, respectively (5/2008, lot 3458; 1/2012, lot 4994).(Registry values: P1) (NGC ID# 28G6, PCGS# 98839)

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