LOT #2084 |
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1900 Double Eagle PR65 Cameo PCGS....
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Sold on Jan 7, 2010 for:
$86,250.00
Bid Source: Live: Floor bidder
Description
Amazing PR65 Cameo 1900 Double Eagle
1900 Double Eagle PR65 Cameo PCGS. The 1900 double eagle proof issue is unusual among the year's gold proofs in that it was not the highest-mintage proof issue of its denomination up to that time; in 1896, Philadelphia coined 128 proofs, versus just 124 specimens for 1900. Still, the high mintage does not equate to widespread accessibility. Garrett and Guth, in their Encyclopedia of U.S. Gold Coins, state that "Although the number of coins known for this date is relatively high for a Proof Liberty Head double eagle, many are impaired or otherwise damaged. There are probably around 50 examples known in all levels of preservation."While this issue was struck before the brilliant-proof watershed year of 1902, strongly contrasted coins are rarely found. Garrett and Guth hedge, claiming "The 1900 double eagle is seen with and without cameo devices." Such an assertion is meaningless without hard numbers, however, and a quick check of the PCGS Population Report reveals that out of 51 certification events as of (11/09), just 13 of those resulted in a Cameo or Deep Cameo grade.
This is the finest of seven Cameo examples certified by PCGS, though there are also five Deep Cameo coins at the same grade level, as well as a PR66 coin without any contrast designation. The contrast level is decidedly on the upper end of the Cameo scale, though ultimately it falls just short of the next level. Powerful yellow-gold mirrors show only occasional cloudy elements, though a small planchet flaw is noted near Liberty's chin. Still, this is a pleasingly preserved and undeniably appealing Gem that commands respect as a high-end proof gold survivor.
This coin is part of a complete 10-piece 1900 proof set sold individually as lots 2075 to 2084.(Registry values: P1)
Coin Index Numbers: (NGC ID# 26EM, PCGS# 89116, Greysheet# 10108)
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.
Auction Info
2010 January Orlando, FL FUN US Coin Auction #1136 (go to Auction Home page)
Auction Dates
January, 2010
6th-10th
Wednesday-Sunday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 3,591
Buyer's Premium per Lot:
15% of the successful bid per lot.
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