1898 $20 PR63 Cameo PCGS....

Description

1898 Double Eagle, PR63 Cameo
Beautifully Textured Fields
Low Mintage, High Attrition Rate

1898 $20 PR63 Cameo PCGS. The 1898 proof double eagle mintage amounted to just 75 pieces. While conventional wisdom suggests as many as 55 examples are extant, we believe that number is too high. The certification totals almost have to be discounted, as the 80 submissions reported by PCGS and NGC is grossly inflated. For comparison's sake, we have been able to trace 23 1897 double eagle proofs, of which 86 pieces were struck. A more reasonable survival estimate for the 1898 might be 30 or 35 specimens. Probably many examples were spent during economic hard times.

Frosted motifs stand out against reflective fields that feature the beloved orange-peel texture demonstrated by the best-produced 19th century proofs. Minuscule contact marks limit the grade, rather than distracting hairlines, as is often the case. Population: 2 in 63 Cameo, 4 finer (7/18).
Ex: Pre-Long Beach Coin and Currency Auction (Goldberg Auctions, 5/2007), lot 1771.(Registry values: P2)

Coin Index Numbers: (NGC ID# 26EK, PCGS# 89114, GSID# 10102)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz

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.

View Certification Details from PCGS