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Lot 1023

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.
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