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    Description

    1892 Liberty Double Eagle, PR65 Cameo
    Rare 19th Century Proof Gold Issue
    Only 93 Examples Struck

    1892 $20 PR65 Cameo NGC. Although not quite as rare as the Philadelphia issue from the preceding year, the 1892 is a significant date within the Liberty double eagle series. The bulk of production this year was delegated to the half eagle and eagle denominations and only at the San Francisco facility was the production of double eagles pursued in earnest. A mere 93 proofs were originally produced at Philadelphia, in addition to only 4,430 business strikes, and the number of survivors in each category is far too small to satisfy today's ever-expanding group of gold collectors. Apparently more than half of the proof production went unsold and was melted at year's end or was eventually spent, since proof double eagles did not carry a significant numismatic premium above their already significant face value until well into the twentieth century. PCGS CoinFacts estimates the surviving population as 24-28 examples in all grades.

    As with all of the proof 1892 twenties we have been privileged to offer, this coin shows the date almost centered and slightly slanting up to the right, with the left base of the 1 over a space between dentils. The J of J.B.L. is over the inside left curve of the 8 and the right tail feather shows incomplete detail, due to lapping. This specimen boasts appreciable contrast between the mirrored fields and the sharply detailed, frosty design elements. The color is a pleasing yellow-gold and the strike is executed with pinpoint precision. A thin veil of streaky haziness is seen over much of the reverse, which may explain why this elusive Gem proof did not receive the Ultra Cameo designation. An important opportunity for the advanced double eagle specialist. Census: 1 in 65 Cameo, 0 finer (3/17).
    Ex: FUN Signature (Heritage, 1/2007), lot 3757.(Registry values: P2) (NGC ID# 26ED, PCGS# 89108)


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    Auction Dates
    April, 2017
    26th-30th Wednesday-Sunday
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