LOT Old Heritage Auctions  /  2007 Summer F.U.N. Sig. Coin Auction #442  / 

2745

1878 $10 PR63 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:17,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1878 $10 PR63 PCGS.
<B>1878 $10 PR63 PCGS.</B></I> Ex: Trompeter Collection. The 1878 proof ten dollar is part of Gobrecht's Coronet, Motto Above Eagle design type (1866-1907). Robert Loewinger, in his <I>Proof Gold Coinage of the United States</B></I>, writes: "This 'Motto Added' design was made by the Chief Mint Engraver, Longacre, and now included a scroll with the motto 'In God We Trust' on the reverse. The Reverend Watkinson, as a means of healing the scars of the Civil War, lobbied the Treasury Secretary, Salmon Chase, and the Congress to recognize God on the coins."<BR> A mere 20 proof eagles were produced in 1878. In their <I>Encyclopedia of U.S. Gold Coins</B></I>, Jeff Garrett and Ron Guth said: " ... less than half the original mintage survives." In this regard, we note that PCGS and NGC combined have certified seven examples (6/07). Additionally, we list below a roster of five separate 1878 proof eagles. Eight other auction appearances between 1990 and 2005 are not included here, as we cannot be sure whether or not they are duplicates of those in the roster.<BR><B><BR>PR65</B></I>. Garrett Collection (Stack's, 3/1976), lot 459; Auction ’79 (Paramount, 7/1979), lot 338.<BR><B>PR64 Deep Cameo.</B></I> Smithsonian Institution.<BR><B>PR64 PCGS</B></I>. Stack’s (6/1973); Harry W. Bass, Jr. (Bowers and Merena, 10/1999), lot 1561.<BR><B>PR63</B></I>. David S. Wilson (S.H. Chapman, 3/1907); Clapp Collection (1942); Eliasberg Collection (Bowers and Ruddy, 10/1982), lot 662.<B><BR>PR63 PCGS. </B></I>The present piece. Philip Straus Estate (Stack’s, 5/1959), lot 2505; Stack’s (1976 ANA Sale), lot 3101; Auction ’80, lot 956; Ed Trompeter Collection (Superior, 3/1992), lot 218; Heritage (1/1999), lot 8240.<BR><BR> Rich apricot-gold color adorns both sides of the gorgeous Select proof, and a near gold-on-black appearance is seen when the coin is observed from a direct angle. Exquisite definition is visible on the design elements, though the hair curl at Liberty's ear is a tad soft. Some light hairlines visible under magnification are interspersed with die polish lines. A tiny alloy spot beneath star 9, and another under star 10 identify the coin.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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