1900 $10 PR65 Ultra Cameo NGC. CAC. JD-1, Low R.5....

Description

1900 Liberty Eagle, PR65 Ultra Cameo
Popular Date for Type Purposes
CAC-Approved Quality

1900 $10 PR65 Ultra Cameo NGC. CAC. JD-1, Low R.5. According to Mint records, the Philadelphia Mint struck a generous mintage of 120 proof eagles in 1900, the largest proof production ever achieved for the denomination. The coins were delivered in quarterly batches of 51, 20, 7, and 28 pieces throughout the year, with the final delivery on December 28. A single pair of dies was used to strike all the proofs. However, John Dannreuther notes the dies were lapped at some point during the year, so two die states have been identified. The coin offered here shows excess die polish in the clear spaces in the shield, characteristic of Die State b. The turn-of-the-century date makes this issue extremely popular with type collectors and series specialists alike. Experts estimate the surviving population at only 50-65 examples in all grades, indicating a lower-than-expected survival rate.

Most of the eagles were initially sold as part of complete gold proof sets, but the sets were almost all broken up in later years. The coin in this lot was part of a nearly complete proof set until recently. The sets began appearing at auction at an early date, with a typical offering being lot 360 of the David S. Wilson Collection (S.H. Chapman, 3/1907), "1900 $20, $10, $5, $2 1/2. Complete set." The lot sold to coin dealer John Zug for $50, a typical price for the time. Prices for gold proofs have risen exponentially in recent years and the record price realized for this issue belongs to the PR66+ Deep Cameo PCGS specimen in lot 3801 of our January 2022 FUN Signature that realized $111,000.

This spectacular Gem proof exhibits sharply detailed design elements throughout and the deeply mirrored fields contrast boldly with the frosty devices, creating an intense cameo effect. The rich yellow-gold surfaces are virtually flawless and eye appeal is outstanding. The high quality within the grade is confirmed by CAC. Census: 4 in 65 Ultra Cameo (1 in 65+), 10 finer. CAC: 2 in 65, 9 finer (3/23).(Registry values: P1)

Coin Index Numbers: (NGC ID# 28G7, PCGS# 98840, Greysheet# 9719)

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.

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