1903 $20 PR64 Cameo PCGS. CAC. JD-1, R.4....

Description

1903 Liberty Twenty Dollar, PR64 Cameo
Rare With Designated Contrast
Only One Proof Finer at PCGS

1903 $20 PR64 Cameo PCGS. CAC. JD-1, R.4. Ex: Simpson. The United States Mint put out 158 double eagles in proof format in 1903, joining 287,270 twenty dollar gold pieces struck for circulation. The proof mintage represented the highest output for a single year up until that point, and it would stand as the most among all Liberty Head double eagles after the series ended in 1907. Only the 1910 -- a Saint-Gaudens issue -- enjoys a higher proof mintage for the denomination.

That said, there are other considerations collectors ought to keep in mind when assessing the availability of the 1903 double eagle. John Dannreuther is quick to point out that a good number of 1903 proof twenties eventually found their way into commerce. He explains that the issue's relatively high mintage and general lack of cameo contrast meant contemporary collectors were willing to part with these coins ahead of other when times got tough. About 80 to 100 examples survive, "but quite a few show impairments from their time in commerce."

PCGS reports 52 grading events for the 1903 double eagle, with 41 of those (79%) lacking a formal Cameo designation. This is one of only 11 Cameo representatives at that service. It is tied with three other near-Gems in the category. A single PR65 Cameo coin is finer.

Lightly frosted devices generate pleasing contrast against the glassy, mirrored fields. Naturally, strike definition is complete and evidence of contact is scant. A couple of tiny marks on the portrait, bust tip, and elsewhere pose no distraction whatsoever. This is the finest PCGS-graded 1903 proof twenty we have handled in 11 years. Registry players should act accordingly. Population: 4 in 64 Cameo, 1 finer. CAC: 2 in 64, 1 finer (6/22).(Registry values: P1)

Coin Index Numbers: (NGC ID# 26ER, PCGS# 89119, Greysheet# 10117)

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.

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