1886 Liberty Head Eagle. JD-1, the only known dies. Rarity-6. Proof-66+ Deep Cameo (PCGS). CAC.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 rich deep orange-gold color. 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. It is certainly one of the very finest known examples and it ranks as the single highest graded by PCGS in any category.<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 18 to 22 coins believed extant (as estimated by John W. Dannreuther, 2018), 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 such exemplary quality becomes available.PCGS# 98826. NGC ID: 28FR.PCGS Population (all categories): 1; 0 finer.<p>CAC Population: 1; 0.Ex Simpson Collection; Heritages August 2022 Signature Auction, lot 3388. The plate coin for the issue in the 2018 Proof gold coin reference by John W. Dannreuther.
