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

2646

1903 $10 PR65 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:32,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1903 $10 PR65 NGC
<B>1903 $10 PR65 NGC. CAC.</B></I> The proof gold coins of the early 20th century occupy an interesting role in American numismatics. While they share a design with the issues of the 19th century, the dates are different and mintages are often substantially larger. This creates a strange interplay, in that demand from collectors of 19th century pieces is likely to be slack for the specimens dated 1901 and later, yet numismatists interested in 20th century coins will ameliorate the lessened desire on the part of the former group.<BR> The distinction, which has held true for a number of decades, may begin to fade as 2008 comes. The proof gold coins of the Gobrecht and Longacre designs are all a century old, at least, and perception of such items as being somehow "modern" will erode with the passage of time. The 20th century collectors will be no less interested, but numismatists who had previously precluded purchasing such proofs will rethink their positions. While mintages remain fixed and 1903's production of 96 pieces will remain high by the standards of the proof Gobrecht eagle issues, high-quality pieces remain comparatively affordable, but when numismatists in general catch on, prices likely will not stay low for long.<BR> The present specimen, the first proof 1903 eagle Heritage has offered at auction since May 2004, showcases gleaming wheat-gold mirrors and sharply struck devices. Each side shows minimal contrast, consistent with the shift in Mint practice for striking proofs that took place in the early 20th century, and the overall preservation is elegant. In sum, a gorgeous exemplar. Census: 8 in 65, 6 finer (1/08).<BR><I>From The Southwest Collection.</B></I><BR><BR><B>Coin Engraver:</B> Christian Gobrecht<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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