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1904 $10 PR66 Cameo NGC. This is an amazing Cameo proof, unusual for the amount of contrast between the fields and devices....

2007 Long Beach, CA Signature Coin Auction #430

 
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Auction Ended On: Feb 16, 2007
Item Activity: 7 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Gorgeous Proof 1904 Liberty Eagle, PR66 Cameo
1904 $10 PR66 Cameo NGC. This is an amazing Cameo proof, unusual for the amount of contrast between the fields and devices. While many, in fact most, earlier dates prior to 1901 are seen with exceptional contrast, the years from 1902 through 1904 are seldom found with any contrast. During this period, authorities within the Mint felt that such an appearance, so desirable today, was unacceptable. They searched for ways to diminish or entirely eliminate any contrasting appearance. Current population reports for the various proof coins from this period clearly indicate the rarity of such pieces. Among proof eagles, for example, NGC has not certified a single Ultra Cameo example from 1902 through 1904. During this same period, only 30% of proof eagles certified by NGC have been assigned the Cameo designation.
The original proof mintage for this issue was 108 coins, although currently it seems that only about 30 to 40 examples still exist. Most proof gold issues still exist to the extent of about half the original mintage, although an exact census has not been attempted, to the best of our knowledge. This Premium Gem is sharply struck and displays exceptional yellow-gold color with deeply mirrored fields. A tiny planchet flake right of the final S in STATES should serve as a pedigree marker. The only other blemish of note is a tiny hairline in the right reverse field, near the upper arrow point. Otherwise, both sides of this piece are essentially flawless, as they should be at this grade level. Currently, only this one example has been graded PR66 Cameo by NGC, with one other certified as PR66 Cameo (1/07).(Registry values: P1) (NGC ID# 28GB, PCGS# 88844)

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