Description

    1887 Liberty Double Eagle, PR64 Cameo
    Rare Proof-Only Issue
    Finest Cameo at PCGS

    1887 $20 PR64 Cameo PCGS. Double eagles were produced exclusively in proof format in 1887. Since no business-strike coins were struck, the Philadelphia Mint produced a generous proof mintage of 121 pieces to satisfy collector demand. The 1887 has a low survival rate, suggesting that some of these coins were never released and were later melted. Given the fact that there are around 25-30 survivors, it would seem logical that 50 or so pieces were lost to collectors in this manner. Undoubtedly, some coins were later spent by their owners, as proof double eagles carried extremely low premiums in the late 19th and early 20th centuries. The temptation to spend the coins must have been great during hard economic times when 20 dollars went a long way toward paying for basic necessities. A number of coins are known today in impaired condition, and some were undoubtedly melted after the Gold Recall of 1933.

    The present coin is a delightful Choice example with outstanding eye appeal and high technical quality. The bright, watery mirrors of this impressive specimen have the desirable "orange-peel" texture of proof gold coinage from this era and display a noticeable degree of contrast with the central devices. Wispy blemishes on the obverse are well scattered and not immediately obvious to the unaided eye. For those attempting to assemble a date set of twenties or the ultra challenging complete set, the 1887 is certainly one of the most challenging issues in the series. Population: 1 in 64 Cameo, 0 finer (1/14).
    Ex: Long Beach Signature (Heritage, 1/2004), lot 7591.
    From the collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: P5) (NGC ID# 26E8, PCGS# 89103)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    Feb-Mar, 2014
    27th-2nd Thursday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 1,465

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 6 days left to consign to the 2017 December 7 - 10 US Coins Signature Auction - Dallas!

    Learn about consigning with us

    I have now had four successful auctions with Heritage and plan on at least several more with your firm.
    [ Entire Letter » ]
    Lowell J. DeMers, CPA,
    Los Angeles, CA
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 September 25 Virgil Brand Collection. U.S. and World Tokens and Medals US Coins Signature Auction - Dallas
    2017 September 25 Virgil Brand Collection. U.S. and World Tokens and Medals US Coins Signature Auction - Dallas
    REALIZED $89,367.00
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    REALIZED $5,417,828
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    REALIZED $1,501,861