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    1887 Ten Dollar Gold, PR64 Deep Cameo
    Attractive Orange-Peel Texture, CAC
    Ex: Byron Reed-Admiral Collection

    1887 $10 PR64 Deep Cameo PCGS. CAC. JD-1, R.6. Proof eagle production reached a high point in 1887, when 80 specimens were struck. A similar level would not be achieved again until 1899. While Garrett and Guth explain that the high mintage was a direct response to actual collector demand, it seems relatively few pieces were preserved in the long term. They write: "Why the survival rate is so low remains a mystery, but today the total population is less than 30 pieces." Walter Breen was doubtful that more than a dozen proof 1887 eagles survived. More recently, John Dannreuther notes in Volume IV: Gold (Part Two) of United States Proof Coins:

    "The author believes it to be less rare than those dates in the 1870s and early 1880s, but only a third of the original mintage likely exists. The 1887 is only slightly more available than the 1885 and 1886 proofs with 20 or a few more coins in collections and museums."

    This coin has a short but impressive pedigree. It was long-held in the Byron Reed Collection (perhaps Reed obtained it directly from the Mint) until sold in the Christie's/Spink America auction in 1996. It next appeared as part of our sale of the fabulous Admiral Collection, where it remained in its previous generation green label holder, which pre-dated any mention of its Deep Cameo contrast.

    Both obverse and reverse exhibit classic and highly sought-after orange-peel texture in the fields, which are deeply reflective. The devices are well-frosted, and bold contrast is evident on both sides. A few delicate hairlines on the obverse do not interfere with the smoothly mirrored fields, and there are no signs of contact. The coin was recently resubmitted to PCGS, where it received its well-deserved Deep Cameo designation. Population: 2 in 64 (1 in 64+) Deep Cameo, 3 finer. CAC: 2 in 64, 1 finer (1/19).
    Ex: Byron Reed Collection (Christie's/Spink America, 10/1996), lot 166; The Admiral Collection/Long Beach Signature (Heritage, 2/2018), lot 4333.(Registry values: P2) (PCGS# 98827)

    Weight: 16.72 grams

    Metal: 90% Gold, 10% Copper

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

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    Auction Dates
    March, 2019
    14th-16th Thursday-Saturday
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