$187,200.00 USD
– SOLDThe final years of the 19th century represented the absolute height of the United States Mint's proof production capabilities. John Dannreuther explains in his 2018 reference, United States Proof Coins, Volume IV: Gold, Part Two, that "Starting in the 1890s, most U.S. Proof coinage was struck on hydraulic presses." He speculates the transition may have occurred about 1894, resulting in proofs struck thereafter seldom having "anything but very slight weakness noted... ." Die preparations also changed, producing surfaces that typically show "heavy cameo devices."
The 1898 proof Liberty Head eagle claims a total mintage of 67 pieces compared to 812,130 circulation strikes. Of those, it is believed that roughly half -- 30 to 35 pieces -- survive in all grades. The PCGS Population Report totals, which are undoubtedly inflated, show 24 submissions in non-Cameo, two in Cameo, and nine in Deep Cameo. That includes two grading events in PR67 Deep Cameo, this coin among them. None are finer at that service (5/24). CAC: 2 in 67, 0 finer (5/24).
This Superb Gem is finer than the Bass, Trompeter, or Pittman Collection coins. There are no visible defects, whether mint-made or post-strike. Those involved in pedigree research always seek some individual characteristic, often a lint mark and occasionally a different type of blemish, to compare with other specimens for plate matching. This coin has virtually no such imperfections, As expected, each side is fully defined, right down to the fine die polishing lines on the coronet below and behind IBE of LIBERTY. The fields are deeply mirrored with a wavy, finely textured appearance, and they contrast nicely with the very deep gorgeous frosted devices. Overall eye appeal is amazing and the high quality within the grade is confirmed by CAC. Tied for finest known. Very Rare
