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    Description

    1882 Liberty Eagle, PR67 Cameo
    Fewer Than 15 Examples Extant
    Finest Certified Specimen

    1882 $10 PR67 Cameo NGC. JD-1. According to Mint records, 44 proof Liberty eagles were struck in 1882, a fairly generous production total for that era. Forty of those coins were included in the gold proof sets for the year, 25 delivered on February 4, and 15 delivered on August 12. The four individual proofs were struck at different times throughout the year. Unfortunately, the issue has a surprisingly low survival rate. It seems likely that some of the coins went unsold and were melted after the close of the year. Of the coins that were distributed, some examples were probably spent by their owners during hard economic times, as ten dollars represented a significant amount of spending power in the 19th century and the premiums realized for proofs sold at auction were small. Lot 957 of the Heman Ely Collection (W. Elliot Woodward, 1/1884) offered a complete 1882 gold proof set, including six gold coins with a face value of $41.50. The lot only realized $45. Students of the series, like David Akers, Walter Breen, John Dannreuther, Jeff Garrett and Ron Guth, and PCGS CoinFacts, all agree that fewer than 15 proofs are extant today. Two of those coins are included in the National Numismatic Collection at the Smithsonian Institution and another specimen is in the collection of the American Numismatic Society.

    A single pair of dies was used to strike all the proof eagles in 1882. Following the accepted custom of those times, the reverse die used to strike proofs in 1881 had been preserved and was used again to mint the 1882 coins. However, the Mint introduced a new policy after 1882 that prohibited the reuse of dateless dies (reverse of the quarter eagle, half eagle, eagle, and double eagle, obverse of the gold dollar and three dollar) in future years. The Mint Act of 1873 required that dated dies be destroyed after the end of the current year, but the dateless dies had been retained for future use, if they were still serviceable. The six dateless dies used to strike 1882 gold proofs were destroyed on January 3, 1883, in accordance with the new policy.

    The present coin is a spectacular Superb Gem proof, the finest certified example of this 19th century gold rarity (6/19). The design elements are strongly impressed, but some incomplete detail is evident in Liberty's neck curls, possibly due to lapping. The impeccably preserved lemon-yellow surfaces include deeply reflective fields that contrast boldly with the frosty devices to produce a dramatic cameo effect. No mentionable distractions are evident, even on close inspection. We expect intense competition from series specialists when this lot is called. Census: 1 in 67 Cameo, 0 finer (6/19).
    From The Joan Zieg Steinbrenner Collection. (Registry values: P3)

    Coin Index Numbers: (NGC ID# 28FL, PCGS# 88822)

    Weight: 16.72 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Joan Zieg Steinbrenner Collection ]

    View Certification Details from NGC

    Auction Info

    Auction Dates
    August, 2019
    14th-18th Wednesday-Sunday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 343

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