1899 $10 PR66+ Deep Cameo PCGS. CAC. JD-1, R.5....

Description

1899 Ten Dollar, PR66+ Deep Cameo
Popular 19th Century Issue
Exquisite Contrast

1899 $10 PR66+ Deep Cameo PCGS. CAC. JD-1, R.5. Ex: Simpson. The 1899 proof eagle has so much going for it. Most obviously, it serves as the final issue of the 19th century, at least the final 19th century issue beginning with "18" in the date. It at once claims an enticingly low mintage of 86 specimens and the highest proof mintage for any eagle issue up to that point, surpassing the 80 proofs manufactured for collectors in 1859. In other words, the 1899 is both scarce in the absolute sense and collectible relative to other proof eagles of the period. As a bonus, the 1899 eagle invariably come with heavy frost over the devices and deeply reflective fields, partly the result of Mint officials beginning to employ a hydraulic press in the production of proof coins in 1894 or shortly thereafter.

John Dannreuther provides a survival estimate of 35 to 40 coins known. Dave Bowers suggests the lower threshold may be 30 coins but agrees with Dannreuther's assessment of 40 pieces extant at most. PCGS reports 37 total grading events for the 1899 proof eagle. That figure undoubtedly reflects numerous resubmissions (the eight coins in PR64 is suspiciously high). Only nine of the 37 submissions are in Deep Cameo, and another five are in Cameo. There are five Premium Gems in Deep Cameo, including two, like this piece, with a Plus designation. Two PR67 Deep Cameo pieces are reported finer. One is in the Dell Loy Hansen Collection and the other was offered by Stack's Bowers in August 2015.

This high-end Simpson proof showcases essentially pristine yellow-gold surfaces defined by their mirrorlike fields and thickly frosted relief elements. A single, shallow point of contact right of star two serves as an inconspicuous pedigree identifier. Population: 5 in 66 (3 in 66+) Deep Cameo, 2 finer. CAC: 2 in 66, 2 finer (6/22).(Registry values: P1)

Coin Index Numbers: (NGC ID# 28G6, PCGS# 98839, Greysheet# 9716)

Weight: 16.72 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

View all of [Important Selections from The Bob R. Simpson Collection, Part IX ]

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