1889 $10 PR66 Cameo PCGS. JD-1, High R.6....

Description

1889 Liberty Eagle, PR66 Cameo
Mintage of Only 45 Proofs

1889 $10 PR66 Cameo PCGS. JD-1, High R.6. Ex: Simpson. The 1889 is a challenging Liberty Head double eagle date in any format. The Philadelphia Mint struck a paltry 4,440 coins for circulation that year. An additional 45 proofs were manufactured for sale to the small cadre of high-end, specialized collectors who pursued these high-denomination gold coins in the latter years of the 19th century. Today, as then, the 1889 proof ten dollar gold piece is the exclusive domain of the most advanced, well-resourced collectors. The estimated population, according to noted proof gold expert John Dannreuther (2018), is only 14 to 18 pieces. That total, he writes, includes "several impaired examples undoubtedly plucked from circulation."

PCGS has seen just six 1889 proof eagles and reports the following submissions: one PR63, two PR64, one PR66 Cameo (this coin), one PR64 Deep Cameo, and one PR65 Deep Cameo. The NGC Census lists one PR62 Cameo, one PR64 Cameo, one PR66+ Cameo, and one PR65+ Deep Cameo (2/22). According to our Permanent Auction Archives, the last problem-free 1889 ten dollar proof we offered was a PR64 PCGS coin as part of our May 2008 Long Beach Signature sale.

This Premium Gem, certainly among the best-preserved examples known to the numismatic community, enjoys gorgeous orange-gold surfaces characterized by their eye-catching Cameo contrast. A blanket of thick mint frost graces the fully struck design elements, which appear to float over the surrounding mirrorlike fields. Contact is trivial, and the degree of contrast seen on the reverse undoubtedly approaches the Deep Cameo level. A fantastic example of this low-mintage proof rarity.(Registry values: P3)

Coin Index Numbers: (NGC ID# 28FU, PCGS# 88829, Greysheet# 9685)

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.

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