LOT #4407 |
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1906 $20 PR66 NGC. JD-1, High R.4....
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Sold on Jan 11, 2024 for:
$264,000.00
Bid Source: Internet bidder
Description
1906 Double Eagle, PR66
Exceptional Quality
1906 $20 PR66 NGC. JD-1, High R.4. The 1906 proof double
eagles were produced to the extent of 94 coins. By 1906 there were
many more collectors of means than even a decade earlier, and sales
of the proof double eagles would have been much higher. It is
possible that most of the 94 coins produced actually found buyers
by 1906 (the Mint regularly melted unsold proof coins without
reducing reported production figures), although time and attrition
took their toll later on. The population data at NGC and PCGS are
wildly skewed by duplications, crackouts, and resubmissions.Garrett and Guth in their Gold Encyclopedia offer this concerning the issue:
"The 1906 double eagle is a very rare issue in Proof. Of the 94 coins struck, there are probably just 45 to 50 coins known in all grades. Most of the coins seen of the date are of PF-64 quality. For some reason, many pieces are softly struck on the reverse. Gem examples are also seen less often than many of the dates from 1898 to 1905. There is also added desirability due to the rarity of circulation-strike examples."
In PR66 this is the sole finest certified at NGC, although three PR66 Cameos are its numeric equal. The finest at PCGS are three PR65 coins, with three more Gem Cameos and one PR66 Cameo. This is a fully brilliant Premium Gem with just a hint of cameo contrast. Every detail on each side is boldly defined. The surfaces are virtually pristine with only a couple of faint hairlines. (There are quite a few scuffs on the slab that are not on the coin.) A tiny disturbance on Liberty's cheek appears to be a planchet lamination rather than post-strike contact. The best pedigree identifier we can cite is a faint diagonal line from the underside of the eagle's left (facing) wing below the T in UNITED. A coin of remarkable quality.
Ex: Pittsburgh Signature (Heritage, 8/2004), lot 7710; The Atherton Family Collection / FUN Signature (Heritage, 1/2010), lot 2278.(Registry values: P1)
Coin Index Numbers: (NGC ID# 26EU, PCGS# 9122, Greysheet# 10125)
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
2024 January 10 - 14 FUN US Coins Signature® Auction #1371 (go to Auction Home page)
Auction Dates
January, 2024
10th-14th
Wednesday-Sunday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 699
Buyer's Premium per Lot:
20% of the successful bid per lot.
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