1901 $20 PR66 Cameo NGC....

Description

Exquisite PR66 Cameo 1901 Double Eagle
Ex: Garrett

1901 $20 PR66 Cameo NGC. Though the proof gold issues of the 19th and early 20th centuries are now highly prized, this was not always the case. Consider the words of the cataloger who described the present piece for the second Garrett auction in March 1980:

"Considering how desirable Proof double eagles may appear to a collector today, it is ironic that at one time there was very little interest in them. In 1920, for example, Henry Chapman, the well-known Philadelphia dealer, was retailing brilliant Proof double eagles of the early 20th century for $22 to $24 each, just a nominal amount above face value!"

The cataloger further notes that with retail prices so low and offers to buy even lower, those hard-pressed for funds would be more likely to spend proof double eagles than sell them, further reducing the availability of issues such as the 1901.
This Premium Gem offers outstanding black-and-gold contrast with potent mirrors. When tilted just so under a light, the fields gleam canary-yellow, though the rims show occasional elements of orange and honey. A handful of lint marks appear on each side, the most noticeable one in the lower left obverse field with a slight overlap on Liberty's neck. The cataloger for the Garrett auction noted that "In terms of overall quality, this 1901 Proof is in the very front ranks of extant specimens." A look at contemporary certified population data bears this out. Census: 4 in 66 Cameo, 0 finer (3/09).(Registry values: P1)

Coin Index Numbers: (NGC ID# 26EN, PCGS# 89117, GSID# 10111)

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 NGC