1862 $10, DCAM PR(PCGS#98798)

The March 2012 Baltimore Auction

拍卖行

Stack's Bowers

批号

4335

等级

PR65

价格

688,322

详细说明

1862 Liberty Eagle. Proof-65 Ultra Cameo (NGC). A very rare Civil War date in the Proof No Motto Liberty eagle series -- which is very rare in an absolute sense, as advanced collectors know all too well -- the 1862 was produced to the extent of just 35 pieces. This total represents a significant reduction&nbsp;from a mintage of 69 Proof eagles achieved in 1861, and it seems that the Mint was trying to adjust its production of this type to more closely approximate contemporary demand. Even so, a mintage of 35 coins for the Proof 1862 still proved overly optimistic, and a fair number of examples had to be destroyed at a later date when they failed to sell. Writing in the 2008 edition of the book <em>Encyclopedia of U.S. Gold Coins: 1795-1933</em>, Jeff Garrett and Ron Guth allow for only about 12 survivors of this issue, at least two of which are impounded in museum collections.<br /> One of the few Proof 1862 eagles available for private ownership, this piece exhibits warm, even, medium-gold color to both sides. Field to device contrast is sharp and pronounced, the former areas nicely mirrored and the latter with a bold satin texture. Fully struck and free of significant handling marks, an extremely faint planchet flaw (as made) in the obverse field above the digits 86 in the date is the most useful pedigree marker. Easily among the rarest gold coins in this sale, and a piece that represents a fleeting buying opportunity for the advanced collector.<br /> This coin is the finer&nbsp;of only two Ultra Cameo Proof 1862 eagles listed at NGC. There are no CAM or DCAM examples certified by PCGS, and no coins graded&nbsp;higher than Proof-65 in any category at that service.<br /> <br /> <strong>Numismatic Reflections by Q. David Bowers<br /> </strong>Offered is a magnificent Gem, a great rarity with superb eye appeal. Here again the opportunity is more important than the price paid. If you capture this with your bid you will be the proud owner while most others will