Lot 1296
1892 $20 Liberty. PCGS graded Proof 66 Deep Cameo. A magnificent Gem Proof with superb rich golden-orange peel surfaces that glitter with deep mirror surfaces and heavily frosted devices. Among the finest known 1892 Proofs.
With only 93 Proofs struck in 1892 (and an additional 4,000+ business strikes) the year is a noted rarity of the Liberty double eagle series. This is a gorgeous Proof example, as indicated above. The fields show unusual brilliance and sparkle in their depth, reflectivity which seems to go "black" when viewed at the correct angle; seen another way, the field almost ripples with "orange peel" effect, most amazing! For their part, the devices conspire to mesmerize the viewer with heavy frost set against the mirror surface. The contrast provides stunning beauty on both sides. Given the strictness required in achieving Proof 66 status, the surfaces are virtually flawless. We note original color free from copper stains or spotting. A magnificent Gem Proof and one to secure for a date or Proof type set of U.S. Gold. Pop 2 with none finer. (PCGS # 99108) .
Historic note: This is the type represented most often in Proof $20 Gold Type collections. It is by far the most durable production of the Type 3 modification by William Barber who introduced it in 1877. (Barber succeeded to the Engravership at James B. Longacre's death on January 1, 1869.)
Proofs were struck each year from 1877 to 1907. The only noticeable design change during the Type 3 period was the reverse hub of 1900-7, in which the back of eagle's neck is smooth. This is by Charles E. Barber, William Barber's son and successor. Explanation for the change remains unknown.
Estimated Value $120,000 - 140,000.
Ex Pittman Collection.
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| Realized $138,000 |
