Lot 2568
Great Britain. Sovereign, 1821. George IV. Laureate Head. Reeded edge. S-3800. WR-231 (rated R3, extremely rare). Fr-376; KM-682.Struck in very limited numbers (exact mintage not known) for inclusion in the Coronation Proof sets of this year. The 1821 set is among the rarest of all British Proof sets, as most have been broken up over the years by collectors desiring one or another denomination (and financially unable to retain the entire set). High quality is difficult to come by for the larger silver and especially for the gold pieces from those sets. The Norweb piece, which went into the Terner 1 auction, was deemed PR64 Deep Cameo by PCGS. It sold for $14,375 or more than 3 times our estimate in 2003. Dr Terner's duplicate, sold in the T2 auction, was graded PR65 Deep Cameo by PCGS but sold for less, $12,075 in 2004. We can explain the price discrepancy, perhaps, by remembering the lovely soft satiny texture of the T1/Norweb coin, compared to the blazing brilliance of the surfaces of the T2 specimen. The Cheshire specimen is beautifully frosted and similar in overall quality to the two Terner coins. Bidders should bear in mind that, while this item does appear with some frequency in UK sales (normally with a vague description), most known examples are abused, having hairlines and marks. The best three Proofs that we know about have appeared, one a year, in our last three "summer Long Beach" auctions. We expect strong bids for this gem! NGC graded Proof 64 Ultra Cameo.
Estimated Value $7,500 - 9,000.
The Cheshire Collection.
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| Realized $7,820 |
