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1904 $10 PR66 Cameo PCGS. CAC....

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

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Auction Ended On: Jun 6, 2013
Item Activity: 12 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802


1904 Liberty Eagle, PR66 Cameo
Finest Certified at PCGS
Ex: Trompeter
1904 $10 PR66 Cameo PCGS. CAC. According to Mint records, 108 proof Liberty eagles were struck in 1904, a generous mintage in the context of the series but certainly small in absolute terms. The survival rate for the issue seems to be quite low, with PCGS and NGC combining to certify a total of 79 examples in all grades, including an unknown number of resubmissions and crossovers (4/13). Few numismatists systematically collected large denomination gold coins in the early 20th century, and proofs of the era commanded only small premiums when offered at auction. Since ten dollars was a lot of money in the hard times of the Great Depression, it is likely that many examples were just spent by their owners to obtain daily necessities. A number of 1904 proof eagles are known in impaired condition today.

The present coin is the finest example certified at PCGS by a full two grading points (4/13). The Mint switched to an all-brilliant finish for proof coins in 1902, and few proofs of this time period exhibit the cameo contrast that collectors prized in earlier years. The devices of this delightful Premium Gem display an unusual amount of mint frost, which contrasts dramatically with the deeply mirrored fields to produce a startling black-on-gold cameo flash when the coin is tilted in the light. The design elements exhibit razor-sharp detail throughout and no mentionable distractions are evident on the well-preserved lemon-yellow surfaces. Eye appeal is tremendous. Like the 1904 proof double eagle offered elsewhere in this catalog, this coin was once a highlight of the famous Trompeter Collection, possibly the finest collection of proof gold ever formed. It should find a new home in the finest contemporary collection or Registry Set.
Ex: Ed Trompeter; FUN Signature (Heritage, 1/1999), lot 8266, realized $55,200.(Registry values: P1) (NGC ID# 28GB, PCGS# 88844)

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