1889 $2 1/2

Description

1889 PR 65 Cameo NGC. The 1889 is a curious issue regarding what has been published about its relative rarity. Only 48 proofs were originally produced. Taglione estimates that fewer than 30 examples known, 5 of which have remained in the same Philadelphia estate since the turn of the century. He also states that the 1889 is "not more rare in absolute terms than the 1881 or 1885 Proofs." On the other hand, Akers says he has seen fewer 1889 proofs than 1881 or 1885 dated coins. Where does the truth lie? In our experience we would have to concur with David Akers as we have not offered an 1889 proof in at least five years and we have sold several of the other dates on multiple occasions.
This coin is very deeply mirrored and boasts rich orange-gold color. The obverse devices show only marginal frost but on the reverse strong field-to-device contrast is noted. A lovely, problem-free example of this rarely encountered issue.

Coin Index Numbers: (NGC ID# 288C, PCGS# 7915, GSID# 8546)

Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.12095oz
Mintage: 48

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.