LOT #3456 |
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1889 $10 PR64 PCGS....
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Sold on May 30, 2008 for:
$48,875.00
Bid Source: Live: Phone bidder
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Description
Exemplary 1889 PR64 Ten Dollar
Ex: Bass
1889 $10 PR64 PCGS. Ex: Harry W. Bass, Jr. The 1889 eagle
had a production of only 45 pieces, a number that is somewhat on
the low side even for the late 1880s and early 1890s, before annual
proof emissions slowly started an uptick to the 120 pieces produced
in the centennial year 1900. But as an issue, the 1889 is among the
rarest of the 1885-1907 timeframe. NGC and PCGS together have
certified only nine pieces in all grades (9/06). The Garrett-Guth
gold Encyclopedia calls this piece "the rarest of the
decade," further noting that "Even the 1891 issue, which has a
similar mintage, is a far more 'common' coin." The Bass Sale
cataloger, writing of this piece, said:"Lovely cameo Proof with very light yellow devices and deeper fields. A wonderful example for the date or type collector. Although 45 Proofs are said to have been minted, probably fewer than 20 were sold and it is doubtful if more than a dozen can be traced today. As is true of all Proofs of this era, some are in institutions, others are damaged or otherwise impaired. The number of pieces in the Bass Collection--a combination of high numerical grade with excellent aesthetic appeal--is very low. To these attributes can be added the fact that the 1889 eagle is rare as a date in any and all grades, business strikes being very elusive."
The fields show illimitable depth of reflectivity, as one would expect from a proof, and the devices have a strong presence of mint frost, although the contrast is unacknowledged on the PCGS insert. The fields show a rippling, orange-peel texture and this coin is easily identifiable as the Bass piece by scattered light alloy spots around stars 10 and 11.
Ex: Bass II (Bowers and Merena, 10/1999), lot 1621.(Registry values: P3)
Coin Index Numbers: (NGC ID# 28FU, PCGS# 8829, Greysheet# 9684)
Weight: 16.72 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
2008 May Long Beach, CA Signature Auction #1108 (go to Auction Home page)
Auction Dates
May-Jun, 2008
28th-2nd
Wednesday-Monday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 7,009
Buyer's Premium per Lot:
15% of the successful bid per lot.
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