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    Description

    1887 Liberty Head Twenty, PR65 Cameo
    Extremely Rare, Proof-Only Date
    Ex: Richmond Collection

    1887 $20 PR65 Cameo NGC. Ex: Richmond Collection. One of the "stopper" proof dates in the series, the 1887 twenty and the other low-mintage 1880s issues present a formidable challenge for double eagle proof and date collectors. Although 121 proofs were struck in 1887 (a generous amount compared to other double eagle proof mintages at the time), it is likely only about half that number were distributed and the balance melted. Today, perhaps 30 pieces survive -- and some of those are impaired.

    This example is notable not only for its originality and bold cameo contrast, but also for its pedigree. It comes out of the 2004 Richmond Collection of U.S. gold, where it was described as "A brilliant Gem, completely covered with an original, olive-gold toning. No identifying marks." Indeed, it is hard to find a "marker" on this coin that can be used to confirm its provenance. A minuscule copper alloy spot sits between two denticles near star 1 -- no more than a fraction of the size of a pinhead -- and it is perhaps the only physical identifier other than the coin's distinctive, aesthetic appeal.

    It is unusual for Heritage to offer a Gem 1887 proof more than once every several years. This year, a near-Gem PR64 Cameo PCGS coin sold for $105,750 at our February, 2014 Atlanta ANA National Money Show as lot 4300. An incredible PR67 Cameo NGC example -- the finest known -- changed hands at our August, 2012 Philadelphia Signature for $411,250 as lot 5427. Bidding activity was strong for both lots, with ten and nine bidders respectively vying for the coins.

    The current coin ranks between those two excellent examples in technical quality. Smooth and reflective, unmarked fields offset strongly frosted devices. Exceptional orange-gold coloration resides beneath a translucent skin of olive-gold patina. This fully detailed, nicely pedigreed example remains one of the finest 1887 proof twenties available to collectors, just as it was when last offered more than 10 years ago.
    Ex: Richmond Collection, Part I (David Lawrence, 7/2004), lot 2337.
    From The Christopher Bently Nob Hill Collection.(Registry values: P5) (NGC ID# 26E8, PCGS# 89103)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


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

    View all of [The Christopher Bently Nob Hill Collection ]

    Auction Info

    Auction Dates
    August, 2014
    5th-9th Tuesday-Saturday
    Bids + Registered Phone Bidders: 18
    Lot Tracking Activity: N/A
    Page Views: 933

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