Lot 1301
1906 $20 Liberty. NGC graded Proof 65 Cameo. Brilliant yellow gold, untoned with delicately frosted devices. A splendid gem example, free from spots and noticable imperfections. Only 94 proofs minted.
One of the most attractive and memorable Proofs of this year with sleek mirror surfaces, deep and watery offset by lovely cameo frost. The light taste of patina over each side lends a further note of beauty. The strike is razor-sharp, including the hair waves above and below Liberty's ear plus the key central reverse design which sometimes comes off marginally incomplete on the Proofs issued in 1900-07. Superlative throughout as achieved from attaining the highest possible attraction for its grade. With low mintage that rarely exceeds 100 pieces, Proof Type 3 Liberty double eagles enjoy the maximum value and desirability. There are only a handful of "cameo" Proof 1906 twenties recorded by the grading services. (On most examples, the 1906 issue had strong details before polishing removed the bridge of Liberty's nose, a common occurrence seen on the last Proofs to be struck, not only in the double eagles but other gold denominations as well.) Pop 5 with 2 better by a single point. PCGS has graded only 1 example at this level. (PCGS # 89122) .
This lovely Proof $20 was struck at the third Philadelphia Mint, built on Spring Garden St. and opened in 1901. A massive structure nearly a full city block, it was an instant landmark. Characterized by a Roman temple facade, visitors were to marvel at seven themed glass mosaics designed by Louis C. Tiffany in a gold backed vaulted ceiling. The mosaics depicted ancient Roman coin making methods. This ex mint still stands intact with much of the interior as well, serving as the home of the Community College of Philadelphia. (The fourth and current Philadelphia Mint opened its doors in 1969.).
Estimated Value $75,000 - 85,000.
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