1898 $10 PR66 Deep Cameo PCGS. CAC....

Description

1898 Eagle, PR66 Deep Cameo
Rare 19th Century Proof
CAC-Approved Registry-Grade Example

1898 $10 PR66 Deep Cameo PCGS. CAC. The Philadelphia Mint struck a modest mintage of 67 proof Liberty eagles for collectors in 1898, to accompany a substantial business-strike production of 812,130 pieces. The proofs were delivered in quarterly batches of 18, 16, 5, and 28 examples throughout the year. One pair of dies was used to strike all the proofs, with the last clear stripe in the shield almost filled with polish, making it easy to distinguish between proofs and prooflike business strikes. The 1898 proofs were among the highest-quality issues of the series, and many examples display sharply detailed devices and deeply contrasted Cameo surfaces. John Dannreuther estimates the surviving population at 30-35 examples in all grades.

Most of the proof eagles were sold as part of complete four-piece gold proof sets, but some collectors, like Virgil Brand, also purchased individual proof coins from the Mint during this era. In 1898, Brand purchased a total of 10 proof quarter eagles and two proofs of each of the other gold denominations directly from the Mint. Individual proof 1898 eagles began appearing at auction as early as lot 41 of the Major William B. Wetmore Collection (S.H. & H. Chapman, 6/1906), which was simply described as, "1898 Brilliant proof." The lot sold for $11, the same price as the other four proof eagles in the sale. Of course, collector demand for gold proofs has skyrocketed in recent years, and prices realized have increased accordingly. More recent sales include the PR66 Ultra Cameo NGC specimen in lot 4554 of the Central States Signature (Heritage, 4/2013), that realized $85,187.50.

The present coin is a spectacular Premium Gem proof, with razor-sharp definition on all design elements. The richly frosted devices contrast boldly with the deeply mirrored fields to create an intense cameo effect when the coin is tilted in the light. The impeccably preserved yellow-gold surfaces show no mentionable distractions. Eye appeal is terrific and the high quality within the grade is confirmed by CAC. Population: 4 in 66 (1 in 66+) Deep Cameo, 2 finer. CAC: 4 in 66, 2 finer (6/24).(Registry values: P1)
From The Benedict Family Collection.

Coin Index Numbers: (NGC ID# 28G5, PCGS# 98838, GSID# 9713)

Metal: 90% Gold, 10% Copper
Weight: 16.72 grams
AGW: 0.48375oz

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.

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