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3981

1902 $10 PR67 NGC....

2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach #1182

 
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Auction Ended On: Feb 7, 2013
Item Activity: 7 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

Superb Gem Proof 1902 Eagle
First Year of Brilliant Finish
1902 $10 PR67 NGC. Mintages can be deceiving, a lesson learned by many collectors with Morgan dollars or Saint-Gaudens twenties but equally applicable to the proof 1902 ten dollar issue. As Garrett and Guth put it in the Encyclopedia of U.S. Gold Coins, "The 1902 eagle has the second-highest mintage of any Proof Liberty Head eagle, but it is certainly not the second most common today. Rather, the 1902 issue is difficult to find in any grade and is especially elusive in Gem condition."

Why is the proof 1902 eagle so rare relative to its official mintage? While any assessment must contain its fair share of speculation, the influence of the change in finish cannot be ignored. Taken as a whole, the proof eagles from 1902 to 1907 have both low survival rates compared to their immediate predecessors and smaller total pools of survivors. In the case of the 1902 eagle, perhaps 30 to 35 pieces survive after resubmissions are culled from the pool of certified pieces. The two NGC PR67 specimens graded are the finest in the combined certified population, as of (1/13).

This is one of them, a gleaming beauty with just a hint of field-device contrast. Sharply impressed on the devices with stunning mirrors, this is a truly elite specimen with only a few tiny planchet depressions. Easily the finest specimen of the issue ever offered by Heritage, this is an important opportunity for the dedicated proof gold collector.(Registry values: N69) (NGC ID# 28G9, PCGS# 8842)

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