LOT Heritage Rare Coin Galleries  /  2007 Jan (FUN) Heritage Signature Coin #422  / 

3222

1891 $20 AU58 Prooflike NGC. Extensively abraded but s

Currency:USD Category:Coins & Paper Money / US Coins Start Price:4,250.00 USD Estimated At:1.00 - 2.00 USD
1891 $20 AU58 Prooflike NGC. Extensively abraded but s
<B>1891 $20 AU58 Prooflike NGC.</B></I> Extensively abraded but seemingly free of highpoint wear, this flashy, near-Mint example more than compensates for its bagmarked appearance with dynamically reflective fields and surfaces that are awash in rich reddish-golden color and subtle lime-green undertones. The bold striking details, like the prooflike luster, are both characteristic of this elusive issue of just 1,390 business strikes. Across the country and at the other end of the spectrum, the San Francisco Mint cranked out nearly 1.3 million pieces this year. Within two short years the Philadelphia Mint would begin to more evenly share the burden of double eagle production.<BR> According to Michael Fuljenz and Douglas Winter (2000): "The 1891 Double Eagle is very rare in all grades. It is generally found in Extremely Fine or in the lower ranges of About Uncirculated. It becomes very rare in the higher About Uncirculated grades and extremely rare in Mint State." We would add that a total of just five Uncirculated pieces, including the one with a prooflike designation, have been certified by both major services. It seems likely that at least one of these is a resubmission. Obviously, with the Prooflike designation as a part of its grade assessment, the issue is even more rare, as evidenced by the NGC Census report of: 1 in 58 Prooflike, 1 finer (11/06).<BR><I>From The Kutasi Collection.</B></I><BR><BR><b>Shipping:</b> Coin/Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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