1905 $20 PR65+ Ultra Cameo NGC. JD-1, High R.4....

Description

1905 Double Eagle, PR65+ Ultra Cameo
About 40 to 50 Examples Extant
Rare With Bold Contrast

1905 $20 PR65+ Ultra Cameo NGC. JD-1, High R.4. A mintage of 92 proofs for the 1905 Liberty Head double eagle resembles those of the 1904 and 1906 proof twenties (98 and 94 coins, respectively), but of the three, the 1905 is by far the rarest. John Dannreuther recently pegged the survivorship between 50 and 65 examples, and PCGS estimates only 40 to 45 pieces are extant. Garrett and Guth's estimate of as few as 30 to 40 coins is more in line with the frequency of auction appearances, though it could be that a number of examples are tightly held and simply do not trade hands. Since the beginning of our auction archives in 1993, we have sold only 27 examples of this proof issue, including reappearances of previously offered coins. There are two pieces in the Smithsonian Institution and a third is out of collectors' hands in the American Numismatic Association.

This Gem proof enjoys membership in an exclusive club of examples that boast any sort of Cameo designation. Because of the die preparation process used during the period from 1902 to 1907, few examples of this issue were ever struck with distinctive field-device contrast. In all grades, NGC lists only 10 Cameos, including possible resubmissions. This coin is the only one certified in Ultra (or Deep) Cameo at NGC and PCGS combined (3/19).

The eye appeal high-end proof is outstanding, featuring stark field-motif contrast amid warm yellow-gold color. The devices are sufficiently frosted, while the fields showcase incredibly deep mirroring and are devoid of any obvious hairlines.(Registry values: P1)

Coin Index Numbers: (PCGS# 99121, Greysheet# 10124)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 1.06oz

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 Certification Details from NGC