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    Description

    1864 Liberty Head Eagle, PR65 Cameo
    Dramatic Cameo Contrast
    Only 50 Examples Minted

    1864 $10 PR65 Cameo NGC. CAC. Records indicate 50 proof Liberty Head eagles were struck in 1864, a large total for the era. Ordering gold proofs from the Mint was a complicated, expensive process during the Civil War years, because the Mint would not accept federal greenback notes at par for gold transactions. Collectors had to pay steep premiums for any gold coins purchased with paper currency. Alternatively, collectors could choose to pay for their purchases with other gold coins, which had to be purchased from bullion dealers at exorbitant prices. Faced with these difficulties, and the understandable preoccupation with the war effort, few collectors were willing to go to the trouble and expense of ordering proofs. It is doubtful if more than 20 gold proof sets were actually sold in 1864, the rest being melted at the end of the year. Proof 1864 eagles are decidedly rare today in all grades. Both Walter Breen and David Akers estimate a surviving population of 12-15 examples. Population data from the leading grading services has been inflated by resubmissions and crossovers. Even so, NGC has certified only two examples in PR65 Cameo, with none finer; while PCGS has yet to see a coin in this category (11/09).
    The present coin displays profound cameo contrast, suggestive of an Ultra Cameo designation. An illimitable depth of reflectivity in the fields contrasts starkly with the frosty devices, producing the classic white-on-black flash of cameo contrast. The surfaces are a rich, reddish -gold color. The only pedigree markers are some insignificant contact marks below ES in STATES and F in OF on the reverse.(Registry values: P5) (PCGS# 88800)

    Weight: 16.72 grams

    Metal: 90% Gold, 10% Copper


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

    Auction Info

    Auction Dates
    January, 2010
    6th-10th Wednesday-Sunday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 1,326

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