Sept. 23-24, 2002, The Pre-Long Beach Auction, Sale 16

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$10 Gold

$10 Indian

 

Extremely Rare Proof 1867 Eagle

Lot 1023 Click on photo for enlarged version Click on photo for enlarged version
1867. PCGS graded Proof 64. Here is a genuine rare early proof gold coin. The devices are piled high with mint frost, and the mirror fields are well preserved for the grade, and we wonder why this one was not designated a cameo proof. We note a few faint hairlines, expected and always seen on early proof gold such as this. Remarkably, 50 were coined back in 1867 for collectors, but where are they today? PCGS for all its years of grading has seen 2 of these, just 2. This coin at the top as PR-64, and another way below as PR-55 (being mishandled or spent!). NGC has seen a total of 4 pieces, 2 as PF-64, one as PF-65 and one more at the top as PF-66. Obviously, there aren't 50 out there awaiting to come out of the woodwork! This particular one can be identified by a thin line below TE of TEN, and a tiny short lint mark off to the right from the top berry on the branch.
A foremost rarity in proof, and a rare production date as well, 1867 eagles are just a rare bird any way you cook them. An opportunity for the advanced numismatist.
Breen enumerated those known as follows:
1). Mint, Smithsonian
2). Brock, Morgan, ANS
3). Boyd, WGC, J.F. Bell, "Memorable":566
4). Atwater:1445, Possibly same as next
5). Ullmer:491, $15,000 Possibly same as 3) or 4)
6). Clapp, Eliasberg:727, $17,600, RARCOA session of Auction '85:457: $17,600 Superior's 1/86:3208, $18,150
7). N.M. Kaufman:879, $7,500, tiny rim nick obverse
8). Garrett 3/76:417, $10,000, Essex Numismatic Properties, Trompeter collection.
Estimated Value $30,000-UP.

 

Lot 1024 Click on photo for enlarged version Click on photo for enlarged version
1869. NGC graded AU-55. Coined on February 1, 1869 to the tune of just 1,830 pieces, this date was rare literally from when it was struck. The surfaces show the expected handling ticks from limited circulation, but they are even and not heavy. Nicely struck by the dies, with crisp details on the high points. The diagnostic weakness on the motto at IN is present, and this is seen on all business strikes, as only a single die pair was needed to coin so few.
Estimated Value $2,500-3,500.

 

Elusive High Grade 1873 Eagle

Lot 1025 Click on photo for enlarged version Click on photo for enlarged version
1873. NGC graded AU-55. An extremely rare date in all grades, only 825 pieces were coined! Any appearance of this date is a special event, and to find a high grade example as offered here is truly an epic moment. The surfaces show moderate handling marks on both sides, but the strike is quite sharp and the coin retains plenty of eye appeal. NGC has graded only 3 this high, with a single coin graded higher, as AU-58 while PCGS has graded only 1 as AU-55, one as AU-58 and the finest seen by either service as MS-60. Destined for a great collection of eagles, and certain to be a major highlight of any collection it graces.
Estimated Value $10,000-12,000.

 

Rare Choice AU 1873-CC Eagle

Lot 1026 Click on photo for enlarged version Click on photo for enlarged version
1873-CC. NGC graded AU-53. A choice example for the grade, with ample luster in the fields to dazzle the eye and plenty of device detail on Liberty and the eagle. Fully struck by the dies and this one is very nice for the grade as the surfaces show minimal handling marks. This date is virtually impossible to locate in AU grades. NGC has awarded this AU-53 grade to just 4 specimens, with a single example graded higher, that the AU-58 Harry Bass Jr., example recently sold by Bowers and Merena Galleries. PCGS has a single coin graded as AU-53, and that service hasn't graded any higher than that! Certainly a condition census piece in this grade, and worthy of a most advanced Eagle or Carson City collection. Mintage ceased after 4,543 were struck, and most are found in much lower grades. A formost opportunity for the astute numismatist. In NGC holder #1273079-007.
Estimated Value $17,500-UP.

 

Lot 1027 Click on photo for enlarged version Click on photo for enlarged version
1882-O. PCGS graded AU-55. A rare date with a trickle mintage of just 10,820. Of these, PCGS has graded a total of 14 this high, with 5 graded higher, all AU-58 above, no mint state coins have yet been graded by that service. Typical handling marks on both sides, and generally bright yellow gold in color.
Estimated Value $900-1,000.

 

Lot 1028
1888-S. MS-60+. Good luster, but baggy.
Estimated Value $300-350.

 

Lot 1029
1890. NGC graded MS-60. Reddish gold in color and a few ticks from a higher grade.
Estimated Value $500-550.

 

Lot 1030 Click on photo for enlarged version Click on photo for enlarged version
1891. PCGS graded MS-64. This is the finest 1891 eagle graded by PCGS, and the only one they've awarded the grade of MS-64 to! Mintage of 91,820 in all, but most entered circulation, and very few are found in mint state grades. To locate a choice specimen can take patience, as only 18 have been graded that high by PCGS, so don't be deceived, this is a condition rarity. A few scattered handling marks from gem.
Estimated Value $2,500-3,000.

 

Lot 1031
1891-CC. PCGS graded MS-61. Moderate handling marks from long days in a mint bag, but still frosty and bright. Fully struck and still appealing.
Estimated Value $500-600.

 

Lot 1032
1891-CC. PCGS graded AU-58. This one circulated for a brief time, and the fields and surfaces show moderate ticks. All CC coinage is always in demand, and this one only brings a small premium. A lot of flash for not much cash.
Estimated Value $450-500.

 

Lot 1033
1892. NGC graded MS-61. Decent color and surfaces for the grade.
Estimated Value $175-200.

 

Lot 1034
1897. NGC graded AU-58. This one probably didn't circulate, but has sufficient marks to cloud the issue.
Estimated Value $175-200.

 

Lot 1035
1899. MS-60. Moderate handling marks.
Estimated Value $200-210.

 

Lot 1036
1900. MS-60 or better. Hazy luster and minor hairlines, but still bright overall.
Estimated Value $200-250.

 

Lot 1037
1901-S. NGC graded MS-63. Satiny luster and choice throughout.
Estimated Value $400-450.

 

Lot 1038
1906. MS-63. Flashy luster throughout, and with a good strike on the devices.
Estimated Value $350-450.

 

Lot 1039
1882, 1893-S and 1894-O Coronet eagles, grades from VF to EF. Lot of 3 coins.
Estimated Value $470-500.

 

Gem St. Gaudens 1907 Eagle, Wire Rim, Periods

Lot 1040 Click on photo for enlarged version Click on photo for enlarged version
1907. Wire rim, periods. PCGS graded MS-65. One of just a handful of true gems of this first year and type of issue. Augustus St. Gaudens designed this superb coin, and about 500 were struck. Of these PCGS has awarded the gem grade to just 37, with a scant 11 graded higher. The ever jealous mint engraver Charles Barber hated the thought of a coin coming out of his Philadelphia Mint that he didn't design, so when President Teddy Roosevelt had the premier artist of the time, Augustus St. Gaudens design this and the High Relief double eagle, Barber worked quickly to undermine the beauty of St. Gaudens designs. Soon the relief was flattened, and the later 1907 double eagles and eagles were mere shadows of their former selves.
This is one of the great ones, the way St. Gaudens designed this magnificent coin, with the dies finely executed and the coins all sharply struck. With Barber at the helm, mediocrity soon returned, and these brief fleeting moments are now treasures to those who can appreciate the supreme artistry transferred to the dies for mere coinage during a few months of 1907.
Estimated Value $34,000-37,000.

 

Lot 1041 Click on photo for enlarged version Click on photo for enlarged version
1907. No periods. NGC graded MS-63. A choice mint state example that has nice golden luster and color.
Estimated Value $1,000-1,250.

 

Lot 1042 Click on photo for enlarged version Click on photo for enlarged version
1908. With motto. MS-64. Satiny luster and well struck on this popular first year of the with motto type. This one comes with a PCGS MS-64 tag, and it may have been broken out of that holder, in hopes for a higher grade, as the surfaces are very nice indeed.
Estimated Value $1,600-1,800.

 

Lot 1043
1912. AU-53.
Estimated Value $260-290.

 

Lot 1044 Click on photo for enlarged version Click on photo for enlarged version
1915. PCGS graded MS-64. A lovely near gem of this date. The surfaces are clean and bright with luster, with just a touch of copper coloring. Fully struck, and very satiny.
Estimated Value $1,700-1,900.

 

Lot 1045 Click on photo for enlarged version Click on photo for enlarged version
1926. MS-63. Bright and fresh with abundant luster and generally clean surfaces for the grade.
Estimated Value $400-500.

 

Lot 1046
1926. MS-60+.
Estimated Value $300-350.

 

Lot 1047
1926. MS-60+. Frosty.
Estimated Value $300-350.

 

Lot 1048 Click on photo for enlarged version Click on photo for enlarged version
1932. ICG graded MS-65. Flashy and bright, with clean surfaces.
Estimated Value $1,400-1,600.

 

Lot 1049
1932. NGC graded MS-63. A few minor ticks from handling.
Estimated Value $425-450.


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