1877 20C PR66 Deep Cameo PCGS. BF-1, R.3....

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1877 Twenty Cent Piece, PR66
A Dramatic Deep Cameo
Tied for Finest at PCGS

1877 20C PR66 Deep Cameo PCGS. BF-1, R.3. In 1877, production of twenty cent pieces was restricted to 510 proofs, according to Mint records. Most survive, as the population reports show more than 600 grading events (obviously inflated). Breen estimated that some 290 1876 and 1877 proof twenty cent pieces remained in Mint inventory at the start of 1878, most of which were likely melted in June of 1878. Assuming Breen's figures were correct, the number of 1877 proof twenty cent pieces distributed to collectors could be as little as 350 coins. The 1877 proof is slightly scarcer today than the 1878 proof-only issue, which had a distribution of 600 coins, suggesting that a portion of the 1877 mintage was indeed melted. The limited distribution certainly played a part in the low survival rate of high-end 1877 proofs today.

Most know 1877 proof twenty cent pieces lack or have little field-device contrast. Only seven Deep/Ultra Cameos are reported, with this Premium Gem tied for the finest at PCGS (6/24). Only a single PR67 Ultra Cameo coin at NGC is arguably finer. The brilliant surfaces glimmer when rotated, producing a stark cameo effect at all angles. The strike is needle-sharp, and close study does not reveal any objectionable marks. Many proof twenty cent pieces are dull, unattractively toned, or otherwise unappealing. This remarkable coin restores one's faith in the possibility of completing a truly attractive date set of this underappreciated series. Population: 2 in 66 Deep Cameo, 0 finer (6/24).
Ex: FUN Signature (Heritage, 1/2018), lot 4813, realized $57,600.(Registry values: P1)
From The Virginia Collection.

Coin Index Numbers: (NGC ID# 27H4, PCGS# 95305, GSID# 5050)

Metal: 90% Silver, 10% Copper
Weight: 5.00 grams
ASW: 0.14468oz

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