1904 $20 PR65 Cameo PCGS. CAC. JD-1, High R.4....

Description

1904 Double Eagle, PR65 Cameo
Among the Finest We Have Handled
Green CAC Approval Sticker

1904 $20 PR65 Cameo PCGS. CAC. JD-1, High R.4. Ex: Simpson. Double eagles struck at the Philadelphia Mint in 1904 have a reputation for being readily available in nearly any grade. That is indeed true for circulation strikes, of which more than 6.2 million were manufactured. However, as is true for every single other date in the Coronet double eagle series, the 1904 Liberty twenty dollar is a significant rarity in proof format.

The 1904 proof double eagle was struck to the extent of 98 specimens, down 158 coins the year before. In United States Proof Coins, Volume IV: Gold, Part Two (2018), John Dannreuther proposes a survivorship of 50 to 65 representatives. Changes made to the finish employed on proof coinage reduced the number of proofs extant with Cameo contrast after 1902. Dannreuther notes that "there are a few deeply frosted examples" of the 1904 proof twenty, and this is certainly one of them. It is tied for finest in the Cameo contrast category with six other submissions at PCGS, possibly including duplications. A single near-Gem is reported in the Deep Cameo category (2/22). The last PR65 Cameo PCGS coin we offered, which appeared as lot 3797 in our September 2020 Long Beach Signature sale, realized $96,000.

Each side of this CAC-approved Gem proof offers rich golden-yellow color and gorgeous contrast between the frosted devices and the deeply reflective, mirrorlike fields. There are a few microscopic planchet flakes that do not affect the grade or eye appeal, plus a few hair-thin marks that are clearly minor for the assigned grade.(Registry values: P2)

Coin Index Numbers: (NGC ID# 26ES, PCGS# 89120, Greysheet# 10120)

Weight: 33.44 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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