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1864 $10 PR63+ Deep Cameo PCGS Secure....
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Description
1864 Liberty Eagle, PR63+ Deep Cameo
First Proof Ten Offered in Over Five Years
1864 $10 PR63+ Deep Cameo PCGS Secure. All early gold proof
coins are rare issues, and the 1864 proof Liberty eagle is no
exception. The recorded mintage of just 50 pieces was actually
quite generous in the context of the series, but it is doubtful if
more than half that number were actually distributed. PCGS
CoinFacts estimates the surviving population at 15-20 examples in
all grades, while earlier researchers, like Walter Breen and David
Akers favored a smaller estimate of 12-15 specimens, all told. Two
coins are included in the National Numismatic Collection at the
Smithsonian Institution (from the Mint Cabinet and the Lilly
donation), and a third is in the collection of the American
Numismatic Society (ex: Brock/Morgan). If frequency of auction
appearances is any indication of rarity, the 1864 proof Liberty
eagle is a very rare coin, indeed. It has been more than five years
since any example of this issue has been publicly offered [see lot
5060 of the Pittsburgh Signature (Heritage, 10/2011) for last
appearance]. Heritage Auctions is privileged to present this
remarkable specimen, which is part of a spectacular collection of
1864 proof issues assembled by Dale Friend, offered individually in
the appropriate sections throughout this sale.This Plus-graded Select specimen shows all the diagnostics Walter Breen listed in his Proof Encyclopedia. The date is well to the left of center, with the 1 about centered between the bust and border. The date slants down to the right. The left base of 1 is nearly over the left edge of a dentil, and the right base of the 4 is over the right edge of a dentil. The second vertical stripe in the shield is thin at its top, and the third strip is thin at its bottom. The rightmost element in stripe 6 extends upward to the third crossbar. The overall presentation of this coin is most attractive, with sharply detailed, richly frosted design elements that contrast dramatically with the deeply mirrored fields to create a stunning cameo effect. A few minor hairlines and grade-consistent contact marks are evident, but a small planchet flaw near the T in TEN is the best pedigree marker. We expect intense competition from proof gold specialists when this lot is called, as it may be years before another example becomes available. Population: 2 in 63 (1 in 63+) Deep Cameo, 6 finer (11/16).
From The Dale Friend Collection of 1864 Proof Coinage.(Registry values: P5)
Coin Index Numbers: (NGC ID# 28F2, PCGS# 98800)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
View all of [The Dale Friend Collection of 1864 Proof Coinage ]
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