LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

3342

1901 $20 PR64 Deep Cameo PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:50,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1901 $20 PR64 Deep Cameo PCGS
<B>1901 $20 PR64 Deep Cameo PCGS.</B></I> A total of 96 proof double eagles were produced in 1901. Michael Fuljenz and Douglas Winter, writing in <I>Type Three Double Eagles, 1877-1907</B></I>, estimate 30 to 35 examples to be extant. PCGS and NGC have certified 78 coins, including 41 Cameos and 4 Deep/Ultra Cameos; an unknown number of these specimens are likely resubmissions.<BR> The 1901 is rare in proof format, as implied by Jeff Garrett and Ron Guth in their <I>Encyclopedia of U.S. Gold Coins, 1795-1933</B></I>. Walter Breen, in his <I>Encyclopedia of United States and Colonial Proof Coins, 1722-1989</B></I>, says that:<BR><BR> "John J. Ford is probably to be credited with calling collector attention to the fact that ... these Philadelphia twenties are anything but 'common gold" (except for 1904), stimulating spirited auction bidding since the early 1960's."<BR><BR> Interestingly, David Bowers, writing in <I>A Guide Book of Double Eagle Gold Coins</B></I>, presents a selection of 1901 proof offerings that Bowers says are "from the era in which few people collected proof twenties." These appear below:<BR><B><BR>James B. Wilson Collection </B></I>(Thomas Elder, October 1908), lot 85: "1901 Complete (gold Proof) set. 4 pieces." Realized $39 for the entire set.<BR><B><BR>Choice U.S. Gold, Silver and Copper Coins</B></I> (Elmer S. Sears price list, 1918) "1901 Brilliant Proof. $24."<BR><B><BR>Public Auction Sale</B></I> (Thomas Elder, July 1920), lot 1230: "1901 Brilliant Proof. Rare." Lots 1230-1233 sold as a set for $41.<BR><BR> Prices seen above are now only a dream for collectors seeking to acquire the 1901 rarity. This is especially true for the amazing PR64 Deep Cameo being offered in the present lot. A stunning gold-on-black appearance jumps out at the observer, and a powerful strike brings out complete delineation on the design features, further enhancing the coin's already outstanding eye appeal. A few wispy marks than can only be seen under high magnification are all that stand in the way of this coin attaining full Gem classification. Population: 1 in 64 Deep Cameo, 0 finer (12/07).<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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