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    1891 Liberty Double Eagle, PR67
    Rare Ultra Cameo Specimen
    One Finer Coin at NGC

    1891 $20 PR67 Ultra Cameo NGC. JD-1, Low R.6. Only 52 proof Liberty double eagles were struck in 1891, to accompany a small business-strike production of 1,390 pieces. The proofs were delivered in three batches of 15, 9, and 28 examples in the last three quarters of the year. A single die pair was used to strike all the proofs, with the reverse rotated about five degrees clockwise. There is a diagnostic die line in the rays above the star above IN in the motto on the proof die that makes it possible to differentiate between the formats. John Dannreuther estimates the surviving population at only 18-22 examples in all grades. Unfortunately, the population data has been inflated by resubmissions and crossovers, as NGC and PCGS have combined to certify a total of 52 coins between them, in grades from AU53 to PR68 Ultra Cameo (11/19).

    The small business-strike mintage puts extreme pressure on the small supply of proofs from date collectors and most original gold proof sets were broken up long ago. One original set was offered in lot 351 of the David S. Wilson Collection (S.H. Chapman, 3/1907), where the cataloger noted the low combined mintage of the double eagle in both formats:

    "1891 $20, $10, $5, $2 1/2. Of the 2 1/2 11,040 were struck; $20, Philadelphia Mint, 1,441. Complete set. 4 pieces."

    The lot realized $105, to Henry Chapman, a strong price for those days. Recent sales of the 1891 proof twenty include the coin in lot 4158 of the FUN Signature (Heritage, 1/2009), which realized $184,000.

    This magnificent Superb Gem proof exhibits fully struck design elements, with exquisite detail in Liberty's hair and the eagle's feathers. The deeply mirrored fields contrast profoundly with the richly frosted devices to create an intense gold-on-black cameo flash when this coin is tilted in the light. The impeccably preserved yellow-gold surfaces show just a trace of the orange-peel texture seen on many proofs of this era. Overall visual appeal is extraordinary. This coin is tied with one other example at NGC for second-finest certified, while PCGS has graded no examples better than PR66 Deep Cameo (11/19). This coin is part of a complete gold proof set (reassembled), with the other coins offered in the appropriate sections of this catalog.
    From The Sakura Collection. (Registry values: P3)

    Coin Index Numbers: (NGC ID# 26EC, PCGS# 99107)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper

    View all of [The Sakura Collection ]

    View Certification Details from NGC

    Auction Info

    Auction Dates
    January, 2020
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 21
    Lot Tracking Activity: N/A
    Page Views: 945

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