Desirable 1846 Eagle, PR64 Cameo, Ex: Pittman
    One of Two Outside of Museum Collections

    1846 $10 PR64 Cameo NGC. Ex: Pittman. The last of the three 1846-dated proof gold coins offered here as individual lots. These piece were all at one time part of an amazing, original 10-piece proof set, complete from half cent through eagle, first offered in an 1892 auction of 19th century dealer Ed Frossard. The set passed from Numismatic Gallery in 1949 to collector extraordinaire John Jay Pittman, who exhibited the set many times at ANA conventions, along with his complete proof sets dated 1843, 1844, and 1845. According to Garrett and Guth, Pittman considered the run of complete 1843-46 proof sets to be "among his most prized possessions."
    This 1846 proof eagle is one of only four known survivors, with two of them in museum collections. The Smithsonian Institution and American Numismatic Society each have a proof example; the third example is the Eliasberg coin. In cataloging this piece, David Akers comments:

    "A total of four examples are known and these may represent the entire mintage since there are only four or fewer pieces known of each of the gold Proofs of the 1840's."

    The 1846 eagles are elusive even as business strikes, due to their small antebellum mintage of a bit more than 20,000 coins--although the proof coins are immeasurably rarer. An MS61 business strike sold for $22,500 in 2005, setting a record at the time for the issue. Akers wrote in 1988:

    "The 1846 is a grossly underrated date in this most underrated U.S. coin series. It is not easy to locate an 1846 Eagle in any condition ... No uncirculated specimen has ever been auctioned and I have never seen one in that grade. In fact, I have only seen one that I graded AU."

    Note that the Eliasberg specimen below has traded hands numerous times over the years, and for most of those occasions, the piece was touted as the "only piece available to collectors," since the Pittman coin was usually noted as "New York collection." The Pittman example here thus makes a second specimen available to collectors of this prime rarity. This fully struck proof coin displays a satiny surface texture overall and is remarkably free of mentionable contact, with noteworthy field-device contrast and exceptionally well-mirrored fields. An incredible prize with an important and lengthy pedigree--like all the coins in this set--the present piece should be the subject of feverish bidding when it crosses the auction block. Today's exceptional market for gold coins and rarities should make for interesting bidding.

    Condition Census
    --PR64 Deep Cameo. Mint Cabinet; Smithsonian Institution.
    --PR64 Cameo NGC. Part of a complete original cased proof set complete with gold, the only one known. Ed Frossard (11/4/1892); Numismatic Gallery (1949); John J. Pittman; Pittman Collection (Akers, 5/1998), lot 1712, realized $522,500 for the set. The present example.
    --Proof. American Numismatic Society. Displayed at the famed 1914 ANS Exhibition.
    --Proof. Elmer S. Sears (12/1921); John H. Clapp (1942); Clapp Estate; Louis E. Eliasberg, Sr.; Eliasberg Estate ("U.S. Gold," Bowers and Ruddy, 10/1982), lot 675, Choice Brilliant Proof-65, $46,200; Don Kagin; Auction '90 (Akers, 8/1990), lot 1922, "Choice Proof 63 or finer," realized $101,750; Worrell Collection (Superior, 9/1993), lot 1670, PR63 PCGS, realized $46,200; Seymour Finkelstein Collection (Stack's, 10/1995), lot 1636, Choice Brilliant Proof, PR65 PCGS, offered by Albanese Rare Coins in March 2005 at $300,000.(Registry values: P1) (PCGS# 88782)

    Weight: 16.72 grams

    Metal: 90% Gold, 10% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2011
    5th-9th Wednesday-Sunday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 5,851

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $14) per lot.

    Sold for: Sign-in or Join (free & quick)

    Floor auctions

    Open for bidding: (View All)

    Fine Art
    Ends on 01/30/2018

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 24 days left to consign to the 2018 April 20 - 24 CCE World Coins Signature Auction - Chicago!

    Learn about consigning with us

    Thank you for your support and counsel during the process and I continue to be impressed by the skill and expertise of the Heritage Auction staff, as well as the clever web site.
    Bruce S.,
    Maplewood, NJ
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2018 January 3 - 8 FUN US Coins Signature Auction - Tampa
    2018 January 3 - 8 FUN US Coins Signature Auction - Tampa
    REALIZED $40,946,754
    2018 January 16 - 17 NYINC World Coins Signature Internet Auction - New York
    2018 January 16 - 17 NYINC World Coins Signature Internet Auction - New York
    REALIZED SO FAR $2,390,336
    2018 January 4 - 8 FUN World Currency Signature Auction - Tampa
    2018 January 4 - 8 FUN World Currency Signature Auction - Tampa
    REALIZED $1,645,081