An 1836 Classic Head gold $2.50 quarter eagle graded Proof 65+ Deep
Cameo by Professional Coin Grading Service and bearing a Certified
Acceptance Corp. green sticker realized $396,000 and emerged as the
top lot of Heritage’s April 26 Platinum Night auction held at the
Central States Numismatic Society’s annual convention in Schaumburg,
Illinois. Heritage’s CSNS U.S. coin auctions totaled nearly $21
million, and rare gold coins led bidding.
Not all inscription ‘misspellings’ are true
misspellings Mike Diamond reports on coins that at
first glance, appear to have misspelled legends or dates, but with
closer study, are found to have die defects that are misleading.
Here is one of the low mintage Coronet gold $20 double eagles from
the collection of S. Gus and Louise Alexander that demonstrate the
sustained demand for fresh-to-market coins in this always popular series.
1883 Coronet $20 double eagle, PCGS Proof 64 Deep Cameo
Well-heeled collectors and investors have long gravitated toward
flashy Proof Coronet double eagles, and Heritage offered one, an 1883
$20 coin graded Proof 64 Deep Cameo by PCGS that sold for $204,000 at
Central States. Much like the 1895 Morgan dollar, which is known only
through Proof strikes, no 1883 double eagles were produced at the
Philadelphia Mint for circulation, placing extra demand on the Proof
versions as the sole representatives for the issue.
At its last public auction offering at a 1963 RARCOA sale, the
cataloger noted, “Assuming there might be 10 such gem coins in
existence, some of which might be in Museums, one can easily see the
unlimited potential of such coins. They can easily become numismatic ‘Rembrandts.’ ”
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The Proof-only mintage of 92 1883 Coronet double eagles is
deceptive, since perhaps just 40 were released to collectors, of which
20 to 25 survive today in all grades, including two in the National
Numismatic Collection and one at the American Numismatic Society.