LOT Old Heritage Auctions  /  2008 February Long Beach Signature Coin #460  / 

2387

1895 $2 1/2 PR66 Cameo NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:22,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1895 $2 1/2 PR66 Cameo NGC
<B>1895 $2 1/2 PR66 Cameo NGC. CAC.</B></I> This coin's most impressive qualities include intense depths of watery reflectivity in the fields, especially on the obverse where there is almost no milkiness or cloudiness apparent. Liberty's portrait and the obverse stars are sharply frosted and display vivid, reddish orange-gold coloration. The result is a striking cameo effect that is only slightly less impressive on the reverse, where a touch of cloudiness is noted. The preservation of the piece is remarkable, and careful inspection of the surfaces under magnification fails to reveal a single noteworthy flaw on either side.<BR> Jeff Garrett and Ron Guth (2006) report that the availability of the 1895 quarter eagle is very close to that of the 1894 issue, which had a similar mintage (122 proofs were struck in 1894, while 119 pieces were produced in 1895). The authors note, however, that: "Although the certification services have reported grading more than 100 examples, there are only 50 to 70 coins known of the date in Proof. The number of examples certified includes multiple resubmissions of the same coin."<BR> Walter Breen, writing in his <I>Complete Encyclopedia of U.S. and Colonial Coins </B></I>(page 501), observes that proofs from this date show a "minute point down from lower part of bun", but adds that there are "Two vars. of business strikes, one from the proof obv." He concludes that: "Authentication of alleged proofs is recommended."<BR> Since this Premium Gem specimen has been certified by NGC, the authentication of the piece is guaranteed. With such a lofty numerical grade assessment, combined with the coveted and scarce Cameo designation, this coin should certainly attract considerable interest from advanced collectors. Census: 10 in 66 Cameo, 2 finer in Cameo (1/08).<BR><I>From The Southwest Collection.</B></I><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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