1892 Liberty Head Double Eagle. JD-1, the only known dies. Rarity-6-. Classic Liberty Era Label. Proof-65 * Ultra Cameo (NGC). A vivid and inviting piece that ranks among the finest Proof 1892 double eagles ever to pass through one of our auctions. Thickly frosted with razor sharp definition, the devices contrast markedly with illimitable depth of reflectivity in the fields. Silky smooth surfaces are awash in rich reddish-gold color and reveal the desirable "orange peel" texture in the fields when studied with the aid of magnification. The strike, of course, is razor sharp with full detail to even the most trivial design elements.<p>Production of Proof double eagles in 1892 halted after 93 pieces were struck. It is noteworthy that not only are Proofs quite elusive of this date but circulation strikes are few and far between, as well, as a mere 4,430 were struck in the latter format. The American economy had a rather severe downturn in 1892 and 1893, and some of the Proofs purchased by contemporary collectors may have been spent as hard times soon emerged. Today, it is likely that no more than 35 specimens can be traced in numismatic circles. Finding a Gem that offers both strong eye appeal and the most desirable Ultra Cameo contrast is a truly formidable task, but one that can be accomplished here with a strong bid and aggressive strategy. Certainly a coin worth pursuing to the utmost of ones ability. PCGS# 99108. NGC ID: 26ED. NGC Census: 5, just one of which has been awarded a * designation for superior eye appeal; 2 finer in this category (Proof-66 * Ultra Cameo finest).
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