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    1887 Ten Dollar, PR65 Cameo
    Ex: Trompeter

    1887 $10 PR65 Cameo NGC. CAC. JD-1, R.6. Ex: Trompeter. There were only 80 proof tens struck in 1887, yet it was a record high mintage since 1859 (a year that also had 80 proofs produced). The Garrett-Guth reference makes an interesting observation about this mintage and they compare the 1887 proof production to the earliest days of producing proofs in 1859: "The original mintage for this date was the highest it had been since Proofs were first offered to the public in 1859. However, the difference is that in 1859, the Mint struck 80 Proofs in anticipation of demand, but in 1887, the Mint struck 80 Proofs in response to increased demand from collectors." Clearly the coin market in the U.S. had matured considerably in the 28 years between these two years of 80-proof mintages.

    What is more important than the mintage (a number that is surely irrelevant to the number of proofs known today), is the number of actual survivors. That estimate has varied from one expert to another, but the number of proofs believed extant is in a remarkably tight range. David Akers estimated there are 20 to 25 pieces. Walter Breen (1977) phrased it as a question: "Do a dozen survive?" Garrett-Guth state: "less than 30 pieces." The latest estimate, given by John Dannreuther in his reference on proof gold, indicates between 18 and 22 pieces are known, and he lists 11 examples on his Roster of Significant Examples.

    As one would expect from a mintage of only 80 proofs, only one pair of dies was used. There is also only one die state known for the obverse and reverse, each in perfect state. Of the few remaining 1887 proof tens it is not uncommon for survivors to display strong cameo contrast between the fields and devices. This piece displays thick mint frost over the devices and the fields are deeply mirrored, giving the appearance of an even finer grade. The most obvious pedigree identifiers are a tiny spot of granularity in the left obverse field out from the mouth of Liberty and a couple of tiny voids seen just below the lowest hair curl. Census: 5 in 65 Cameo, 1 finer. CAC: 4 in 65, 0 finer (6/19).
    Ex: Amon Carter (Stack's, 1/1984), lot 783; Ed Trompeter Collection; Trompeter Estate; Heritage; Heritage customer private treaty sale; FUN Signature (Heritage, 1/1999), lot 8249, which realized $43,700.
    From The Cody Brady Collection. (Registry values: P2)

    Coin Index Numbers: (NGC ID# 28FS, PCGS# 88827)

    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 Cody Brady Collection ]

    Auction Info

    Auction Dates
    September, 2019
    5th-8th Thursday-Sunday
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