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Lot
3875

1904 $10 PR65+ Cameo NGC....

2013 December 5 - 8 US Coins Signature Auction - Houston #1192

 
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Auction Ended On: Dec 5, 2013
Item Activity: 7 Internet/mail/phone bidders
731 page views
Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010

Description:

1904 Liberty Eagle, PR65+ Cameo
Only 108 Examples Struck
One Finer Coin at NGC
1904 $10 PR65+ Cameo NGC. A virtually pristine representative of this rare proof date. A total of 108 proofs were issued, but a number were spent during hard times, or by heirs, prior to 1940. While such an action seems the height of folly today, it must be remembered that ten dollars went a long way during the Great Depression, and proofs carried little premium over face at the time, as only a handful of collectors had the wealth to pursue examples. In his 1988 Encyclopedia, Walter Breen estimated there are 35 to 40 survivors. Some of those are impaired, since PCGS has certified nine pieces in grades between PR50 and PR58.

The present high-end Gem is fully impressed and displays greater design detail on the hair above the ear than can be seen on any business strike of the series. The deeply mirrored fields are undisturbed by hairlines and show only a few minute strike-throughs, one of which, beneath the E in WE, is mentioned solely to provide an identifier for any future auction appearances. The legends, stars, and major devices exhibit consistent mint frost, and the cameo contrast is profound. Eye appeal is terrific.

No proof 1904 tens have been certified as Ultra Cameo or Deep Cameo by either major service. The present specimen is one of two examples that have received a Plus designation from NGC and it is the only piece with both a Star and a Plus notation. NGC has certified a single coin finer, as PR66 Cameo (10/13). Since it may be many years before a comparable specimen becomes available, the importance of the present opportunity cannot be overstated.(Registry values: P1) (NGC ID# 28GB, PCGS# 88844)

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