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US Coins Signature Auction #1327 postponed to February 23 - 25. Get details.

    Description

    1888 Liberty Eagle, PR66 Deep Cameo
    Rarest Proof Denomination of the Date
    Finest-Certified at PCGS

    1888 $10 PR66 Deep Cameo PCGS. JD-1. The 2020 Guide Book reports 75 proof Liberty eagles were struck in 1888, but the Mint's die use and destruction document indicates only 72 gold proof sets were produced. According to Walter Breen, the sets were delivered quarterly in batches of 30, 12, 20, and 10 sets, so possibly another three single examples were minted during the year. The eagle is the rarest proof denomination of the date, with John Dannreuther estimating only 18 to 22 specimens are extant in all grades today. There was little date pressure on the issue, as some high-grade Mint State examples are available from the regular-issue mintage of 132,921 pieces. It seems likely that some owners spent their proofs during hard economic times (like the Panic of 1893), when 10 dollars still represented a lot of money. Two coins currently reside in the National Numismatic Collection at the Smithsonian Institution and a third is included in the collection of the American Numismatic Society.

    A single pair of dies was used to produce all the proof eagles in 1888. The obverse exhibits a low date, slanting slightly up to the right, with the left base of the 1 in the date placed to the left of center of the dentil below. The reverse closely resembles the reverse of 1887, but the clear stripes in the shield show some polish build up, especially in the rightmost stripe.

    The present coin is a spectacular Premium Gem proof, with impeccably preserved yellow-gold surfaces that show the distinctive orange-peel texture of many 19th century proofs (John Dannreuther notes flat surfaces are seen more often on this issue). The design elements are fully struck and the deeply mirrored fields contrast profoundly with the richly frosted devices to create an intense cameo effect. Eye appeal is terrific. As the sole finest-certified example at PCGS, this coin should be of interest to proof gold specialists, high-end type collectors, and Registry Set enthusiasts alike. Population: 1 in 66 Deep Cameo, 0 finer (6/19).
    From The Joan Zieg Steinbrenner Collection. (Registry values: P2)

    Coin Index Numbers: (NGC ID# 28FT, PCGS# 98828)

    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 PCGS

    Auction Info

    Auction Dates
    August, 2019
    14th-18th Wednesday-Sunday
    Bids + Registered Phone Bidders: 21
    Lot Tracking Activity: N/A
    Page Views: 328

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