Goldberg Coins and Collectibles

Sale 48

Lot 1289

1868 $20 Liberty. PCGS graded Proof 64 Cameo. A blazing untoned brilliant Proof example with excellent cameo contrast. Of the 25 coins struck, most specialists agree that as few as a dozen remain. This coin, because of its strong cameo frost, displays the gold-on-black contrast these are famous for (coins in choice condition, anyway). Clearly a coin of immense beauty and perfect proportions, strongly supported by a wide, sharp rim that gives the central composition a nicely framed appearance. Not many Type 2 twenties have received the "Cameo" designation.

To reiterate, this is an beautiful Proof coin, remarkable for an early date (Type 2 $20 gold pieces were minted in small numbers for limited number of numismatists in America in the post-Civil War era). What's more, the coin it is even more electrifying inasmuch as it is preserved far better than just about any other from 1868. Examination reveals only a few tiny imperfections, primarily a group of barely-visible flakes in the lower obverse field near Liberty's bust point. They are more like tiny toning spots than anything else until a strong magnifier is used to enlarge the area. The color, vivid orange-gold with gleaming radiance, with strong cameo contrast present on both sides. There is little argument this example may bring a high bid when sold, if not a record price, then certainly within the range of one. Pop 2, none finer. PCGS reports only 2 with the Cameo designation, possibly the same coin (PCGS # 89083) .
Estimated Value $90,000 - 110,000.

Realized $106,375

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