1864 $10 PR (PCGS# 8800)

The Gold Rush Collection

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    30061
  • Grade:
    PR65
  • Price:
    $149,500.00
Lot Description
1864 $10 PR65 PCGS. An extraordinary Gem proof example of this date that displays rich orange-gold fields with boldly frosted devices. This green insert generation PCGS holder predated their use of the Cameo or Deep Cameo designation, and this coin would certainly warrant one or the other as the frost on the devices is more than adequate. Furthermore, this a stunning Gem coin, with nearly perfect fields and devices. This particular coin is identifiable by a lint mark before Liberty's nose in the field and another just above before her eye. A third short lint mark connects the 86 of the date. The reverse is identifiable by a minor flake before T(EN) near the base, a faint copper speck above (U)N and another copper speck in the dentils above (ST)A. A regal coin that will certainly enhance even the finest cabinet, and is undoubtedly a contender for the Finest Known of this date. Of the original issue of 50 pieces coined, of which perhaps one half survive, this has to be one of the most exceptional pieces. The combined NGC and PCGS population reports tally (including the plain, Cameo and Deep/Ultra Cameo coins) a small cluster of seven pieces graded this high, with none seen finer including any of the proof permutations. Precisely how Philadelphia Mint polished the dies remains a mystery. The fields were imparted with a most curious texture which is highly reflective. The most accurate way to describe the result is to compare the fields to an orange peeling that has been polished to perfect reflectivity. A strong loupe will detect the textured evidence, but to the unaided eye the fields appear to be simply mirrorlike and perfectly reflective. We also note that several of the obverse stars appear to be doubled, caused by either the extremely high pressures used to strike these coins or the multiple strikings required to bring up the devices to the medallic like proportions seen on this specimen. One other tiny feature deserves attention here, it is the tip end of the cur
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