1872 $20 PR63 Deep Cameo PCGS. JD-1, Low R.7....

Description

1872 Double Eagle, PR63 Deep Cameo
Extremely Rare Gold Proof Issue
Only 30 Examples Struck

1872 $20 PR63 Deep Cameo PCGS. JD-1, Low R.7. Proof double eagles are the creme de la creme of American numismatics, true rarities regardless of date or grade. From the start of record keeping in 1859, through the end of the proof double eagle cycle in 1915, a total of just 3,793 such coins were produced, for an average of just 66 pieces per year. In 1872, for example, just 30 of these proof coins were minted. Just how many survive today is anyone's guess, although the usual survival figures suggest that about 50% to 60% of all proof double eagles are still around. For this date, these figures imply just 15 to 18 surviving examples, although in this instance those figures may be a little high. Many prominent numismatists have tried to trace the known examples over the years, to compile a census. In his Complete Encyclopedia, Walter Breen reported only 8 to 10 examples known. In the October 1997 catalog of the John Jay Pittman Collection, Part I, David Akers suggested that 10 to 12 examples survive. More recently, in his United States Proof Coins, Volume IV: Gold, John Dannreuther estimated the surviving population at 10 to 12 examples in all grades. A dozen known examples seems about right. Of course, some of those, like the Pittman example, are impaired and grade PR60 at best.

This spectacular Select specimen is a remarkable proof. While the obverse has light hairlines that limit the grade, the overall eye appeal is excellent. Both sides have rich orange-gold color with deeply mirrored fields. The devices have full mint frost, thus creating the impressive cameo appearance that is so highly desired. Aside from the light obverse hairlines, both sides have excellent, unblemished surfaces. Identified by two curved lint marks in the field next to Liberty's neck and a short diagonal mark in the margin below I of LIBERTY. Population: 2 in 63 Deep Cameo, 2 finer (11/24).
Ex: FUN Signature (Heritage, 1/2007), lot 3752.(Registry values: P6)
From The Mississippi Collection of Double Eagles.

Coin Index Numbers: (NGC ID# 26DR, PCGS# 99087, Greysheet# 10025)

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

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.

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