1886 Liberty Eagle. Proof-64 Deep Cameo (PCGS).；This is a beautiful specimen that would do justice to even the finest Proof gold cabinet. Fully struck with a soft satin texture, the devices contrast markedly with reflective fields. Close inspection with a loupe reveals a subtle "orange peel" texture in the fields, a characteristic of many U.S. Mint Proof gold coins from the 1880s and 1890s. The surfaces are overall smooth with vivid orange-gold patina. This is a lovely coin that offers undeniable numismatic rarity.<p>The 1886 is one in a long line of classic rarities in the Proof Liberty eagle series. Only 60 pieces were produced, a small mintage that suffered a nearly immediate reduction through the destruction of unsold examples in the Mint. Since the number of coins actually sold was not recorded, we have no way of knowing exactly how many specimens were actually distributed to contemporary collectors. Based on an estimate of 15 to 20 coins extant, it seems likely that no more than half of the Proofs actually left the Mint. Elusive in all grades, the 1886 Proof eagle is typically encountered only when important collections are offered at auction. Strong bids are encouraged for the present lot as once this piece finds its way into another cabinet, it may be many years before another Proof 1886 eagle becomes available.<br />
