1904 $10 PR65+★ Cameo NGC. JD-1, Low R.5....

Description

1904 Eagle, PR65+★ Cameo
Near the Top of the Condition Census

1904 $10 PR65+★ Cameo NGC. JD-1, Low R.5. A virtually pristine representative of this rare proof date. A total of 108 proofs were issued, but a number were spent during hard times, or by heirs, prior to 1940. While such an action seems the height of folly today, it must be remembered that ten dollars went a long way during the Great Depression, and proofs carried little premium over face at the time, as only a handful of collectors had the wealth to pursue examples. In his 1988 Encyclopedia, Walter Breen estimated there are 35 to 40 survivors. Today, John Dannreuther pegs the total at 50 to 60 pieces. Some of those are impaired, since PCGS has certified 13 pieces in grades between PR50 and PR58.

The present high-end Gem is fully impressed and displays greater design detail on the hair above the ear than can be seen on any business strike of the series. The deeply mirrored fields are undisturbed by hairlines and show only a few minute strike-throughs, one of which, beneath the E in WE, is mentioned solely to provide an identifier for any future auction appearances. The legends, stars, and major devices exhibit consistent mint frost, and the cameo contrast is profound. Eye appeal is terrific.

No proof 1904 tens have been certified as Ultra Cameo or Deep Cameo by either major service. The present specimen is one of two examples that have received a Plus designation from NGC and it is the only piece with both a Star and a Plus notation. NGC has certified a single coin finer, as PR66 Cameo (1/22). Since it may be many years before a comparable specimen becomes available, the importance of the present opportunity cannot be overstated.
Ex: Summer FUN Signature (Heritage, 7/2011), lot 4905; Houston Signature (Heritage, 12/2013), lot 3875.(Registry values: P1)

Coin Index Numbers: (NGC ID# 28GB, PCGS# 88844, Greysheet# 9730)

Weight: 16.72 grams

Metal: Gold

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.

View Certification Details from NGC