1886 Liberty Head Eagle. JD-1, the only known dies. 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 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 Head 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 Ultra Cameo category, while PCGS has not graded any specimens finer than Proof-66+ in any category. This magnificent jewel was acquired in February 1998 and was held privately as part of the Zito Collection until appearing in our sale of that fabulous collection earlier this year. Available for only the second time in nearly 25 years, this offering represents a monumental opportunity for the advanced specialist.<p>The 1886 is one in a long line up of classic rarities in the Proof Liberty Head 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. 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. PCGS# 88826. NGC ID: 28FR. Combined PCGS and NGC Population: just 2 at the Proof-67 level, in all categories (the present NGC Proof-67 Cameo and an NGC Proof-67 Ultra Cameo); 0 finer. From our sale of the Dr. Paul and Rosalie Zito Collection, Spring 2022 Auction, lot 4087. Acquired February 13, 1998.
