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    1901 Liberty Eagle, PR66 Ultra Cameo
    Only 85 Examples Struck

    1901 $10 PR66 Ultra Cameo NGC. CAC. Only 85 proof Liberty eagles were struck in 1901, down considerably from the 120 specimens minted the year before. Population data from the leading grading services has been severely inflated by resubmissions and crossovers, as NGC and PCGS have recorded 91 grading events between them, six more than the number of coins minted (12/18). In United States Proof Coins, Volume IV, John Dannreuther estimates the surviving population at 40-55 examples in all grades today, an estimate that agrees well with the issue's frequency of appearance at auction. Three coins are included in institutional collections at the Smithsonian and ANS. PCGS also lists six specimens in impaired condition.

    The proofs were delivered in four batches throughout the year, with 38 examples delivered on March 26, 11 specimens on June 17, three coins on September 24, and a final delivery of 33 pieces on December 30. The first three batches were struck inside the Second Philadelphia Mint, but the final group was struck in the new medal room of the Third Philadelphia Mint, which was occupied in October of 1901. The new facility had more modern machinery, powered by electricity, and a new hydraulic coin press, but all the proofs were struck from the same pair of dies. This was the last year before the Mint switched to the all-brilliant finish for proof coins, which severely reduced the cameo contrast on proofs of that era.

    The present coin is a delightful Premium Gem, with razor-sharp definition on all design elements. The devices exhibit a thick coat of mint frost that contrasts profoundly with the deeply mirrored fields to create an intense cameo effect. The lemon-yellow surfaces are impeccably preserved, but two small marks on the obverse rim, outside star 5, can serve as pedigree markers. There is also a small lintmark in the reverse field, near AM in AMERICA. The 1 and 9 in the date show the diagnostic minor repunching. This coin combines absolute rarity, exceptional technical quality, and terrific eye appeal. Series specialists should bid accordingly. Census: 2 in 66 Ultra Cameo, 0 finer. CAC: 2 in 66, 0 finer (12/18).
    Ex: Baltimore Auction (Bowers and Merena, 11/2006), lot 3837; J.A. Sherman Collection (Stack's, 8/2007), lot 3332; 73rd Anniversary Sale (Stack's, 10/2008), lot 1073; 74th Anniversary Sale (Stack's, 11/2009), lot 1924.(Registry values: P1)

    Coin Index Numbers: (NGC ID# 28G8, PCGS# 98841)

    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
    Jan-Feb, 2019
    31st-3rd Thursday-Sunday
    Bids + Registered Phone Bidders: 23
    Lot Tracking Activity: N/A
    Page Views: 1,631

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