1888 $10 PR63 Deep Cameo PCGS....

Description

1888 Ten Dollar, PR63 Deep Cameo
Only 18 to 22 Estimated Survivors

1888 $10 PR63 Deep Cameo PCGS. The 1888 eagle has a typical production figure for proof gold of the late 19th century, 75 pieces, a reflection of the situation that few collectors of the era could afford to assemble sets of high-denomination U.S. gold. Despite the original mintage figure, Akers in 1980 wrote, "Proofs are very rare and no more than 20 specimens are known." Garrett and Guth commented that "the 1888 issue remains an elusive rarity, with only 29 examples certified by PCGS and NGC (and that is prior to any adjustments for resubmissions). None have been certified at the PF-65 level, which is surprising for a date from the 1880s." More recently, John Dannreuther estimated that a mere 18 to 22 proofs have survived to the present day of the 1888 proof ten dollar. His explanation for the low survivorship: "The major collections had examples, but collectors of lesser means spent their coins or we would have fifty or more Proofs extant today."

The present example displays extremely deep, splendid field-device contrast, with yellow-gold high points and the coveted black-on-gold appearance of Deep Cameo gold. A small patch of contact marks in the left obverse field is noted, with a few other more minor abrasions scattered about both sides. Population: 2 in 63 (1 in 63+) Deep Cameo, 6 finer (3/23).
Ex: Long Beach Signature (Heritage, 2/2009), lot 2964.
From The Warren Collection. (Registry values: P2)

Coin Index Numbers: (NGC ID# 28FT, PCGS# 98828, GSID# 9683)

Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz

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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