Proof Liberty Double Eagle, 1892 $20 PR66 Ultra Cameo Start Price USD 148,750.00 Current Price USD 148,750.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Tuesday, December 09, 2008 End Time Wednesday, December 10, 2008 Location Beverly Hills, CA See more about 'Proof Liberty Double Eagle, 1892 $20 PR66 Ultra Cameo ' Description   Click Image to Enlarge Item Specs Item: Proof Liberty Double Eagle, 1892 $20 PR66 Ultra Cameo NGC Reference No.: C0069 Origin: USA Condition: Mint Year: 1892 Quantity: 1 Estimated Value: $175,000 View Additional Photos Here 1892 $20 PR66 Ultra Cameo NGC. Although the mintage of 93 coins is the second highest of any proof double eagle coined in the 1890s the related business strike mintage of this date was just 4430 coins the second lowest mintage of any date in the 1890s. This latter detail is an extremely important consideration as it limits the available supply for date collectors. This example is an impressive Gem that features rich orange-gold color deeply mirrored fields and remarkable contrast. The devices are highly lustrous with frosty texture. Every design detail is sharply impressed with no sign of weakness on either side. A few faint hairlines limit the grade but do not change the aesthetic appeal of this lovely jewel. In the Pittman catalog David Akers discussed the difference between proof mintage and proof distribution an important concept that is worth repeating: "The 93 piece mintage figure for proof 1892 double eagles is misleading in the sense that it might give one the impression that proofs of this date are only moderately rare. However it is important to recognize that a mintage figure for any proof issue represents only the number struck not the number actually sold. It was common practice for the Mint to strike a number of proofs (how the figure was determined is not known) and then use this existing supply to fill orders throughout the year. At year's end (usually January or February of the following year to be exact) the unsold pieces were melted. Now in 1892 it certainly was not very likely that 92 people were willing to pay $20.50 for a proof double eagle (face value plus a $0.50 'proofing' charge) and so it is probable that half or even fewer of the original mintage were actually distributed." Today only about 20 or 25 examples are known and the only rivals to this example that we recall are the Gem Pittman Collection coin (Registry values: P2) and the similar Gem example in the Dallas Bank Collection. Proofs and business strikes were apparently produced from different die pairs. Proofs have the date logotype deeply impressed and just a trifle above center with the digit 1 slightly closer to the bust than the border. The date appears to slant slightly up to the right. Only 4,430 business strikes put pressure on this date and have caused the 1892 to be one of the most desirable Type 3 Double Eagles. Population: 5 in 66 Ultra Cameo none finer at both services (7/08). Certificate No.: NGC 3210246-008 There is a 15% commission charge added to each and every lot. THIS IS A NO RESERVE AUCTION! We specialize in rare and unusual antique furniture, decorative arts, bedroom suites, paintings, lamps, urns, pedestals, rugs, and more much. We have over 900 items in this auction to choose from. Pieces are in a variety of styles ranging from Victorian, English, Renaissance Revival to Art Deco. You will not find this fine quality and style of antique furniture anywhere else! We have been in business for over 30 years, have 15,000 customers, over 2 million unique visitors and 20 million return visits to our website. 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