1886 Liberty Head Eagle. JD-1. Rarity-6. Proof-67 Cameo (NGC). This incredible $10 is a world-class rarity that would be the ultimate treasure in an advanced collection. It is being presented as part of a nicely matched five-piece 1886 gold Proof set featured in the adjacent lots. This specimen is perhaps the ideal representative of the issue, offering a superior blend of originality, production quality, and pristine condition. The complexion features overall apricot and peach shades with hints of powder-blue revealed by the patina in certain lighting. Satiny and fully struck, the devices offer marked contrast to mirrored and reflective fields. The distinct "orange peel" texture that characterizes fully original Proof Liberty gold coins from the late 19th century is also readily evident in the fields, particularly when examined with a loupe. <p>It is certainly one of the very finest known examples and it ranks as the sole finest graded by PCGS or NGC in the Cameo category. NGC has graded just one other Proof-67 in the Deep Cameo category, while PCGS has not graded any examples higher than Proof-66+ in any category. This magnificent jewel was acquired in February 1998 and has been held privately as part of the Zito Collection ever since. Now available for the first time in nearly 25 years, this offering represents a monumental opportunity for the advanced specialist. </p><p>The 1886 is one in a long line up 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 15 to 20 coins believed extant, it seems likely that no more than half of the Proofs actually left the Mint. Elusive in all grades, and particularly above the Proof-64 level, the 1886 Proof eagle is typically encountered only when very important numismatic cabinets are offered at auction. Such is the case with the present Zito Collection. Strong bids are encouraged for the present lot as once this piece finds its way into another collection, it may be many decades before another Proof 1886 eagle of this quality becomes available.</p> From the Dr. Paul and Rosalie Zito Collection. Acquired February 13, 1998.
