Rare gold coins always capture the attention of collectors, especially when they are unique Proof Coronet double eagles. These coins will be the centerpiece of Heritage Auctions’ Platinum Night event on August 14, held in conjunction with the American Numismatic Association’s convention and the World’s Fair of Money. The auction will offer an exceptional chance to view and bid on these historic treasures.
| Coin Year | Grade | Mintage | Estimated Surviving Coins | CAC Sticker | Notable Features | Estimated Auction Price (Previous) |
|---|---|---|---|---|---|---|
| 1883 | Proof 65 Deep Cameo | 92 | 28-32 | Yes | Razor-sharp definition, deeply mirrored fields | $336,000 (2021) |
| 1887 | Proof Only | 121 | 40 | No | Richly frosted devices, excellent production | TBD |
Why Rare Gold Coins are Highly Valued
Rare gold coins are not just collectibles; they represent history and artistry. Among these, Proof Coronet double eagles have gained immense popularity, especially with affluent collectors. Their rarity, design, and craftsmanship make them prized possessions.
The Highlights of the Auction
The auction features two standout coins:
- 1883 Coronet Double Eagle (Proof 65 Deep Cameo)
- Graded Proof 65 Deep Cameo by Professional Coin Grading Service (PCGS).
- Comes with a Certified Acceptance Corporation (CAC) sticker, indicating exceptional quality for its grade.
- Out of the 92 minted, it is estimated that only 28 to 32 examples survive.
- This coin is known for its high production quality and stunning features, including razor-sharp design elements and deeply mirrored fields.
- A similar coin without the CAC sticker fetched $336,000 at a 2021 auction, highlighting its investment potential.
- 1887 Coronet Double Eagle
- Another Proof-only issue with a larger mintage of 121 coins.
- Estimates suggest around 40 of these coins exist today.
- This piece stands out for its rich craftsmanship and survival rarity, appealing to both investors and historians.
Collectors’ Growing Interest in Proof Coronet Double Eagles
In recent years, Proof Coronet double eagles have seen a rise in popularity. Their limited mintage and exceptional quality make them a coveted choice among numismatists. Coins with CAC stickers often command higher prices, reflecting their superior quality and desirability.
The Significance of the CAC Sticker
The CAC sticker adds an extra layer of assurance to coin collectors, confirming the coin’s quality is at the top end of its grade. This can significantly influence its auction price and desirability.
Upcoming Viewing Opportunities
The Heritage auction aligns with the World’s Fair of Money, offering collectors a chance to view these coins in person. The event is not just an auction but also a gathering of enthusiasts eager to explore, trade, and learn more about numismatics.
FAQs
1. What are Proof Coronet double eagles?
Proof Coronet double eagles are specially minted gold coins, struck with a high level of detail and finish to showcase the artistry and design. These coins were produced for collectors and were not meant for regular circulation.
2. What makes the 1883 and 1887 double eagles so rare?
The 1883 and 1887 Coronet double eagles are rare due to their low mintage numbers. The 1883 coin had only 92 produced, and fewer are estimated to survive today. The 1887 coin, while slightly more plentiful, still has a limited number of surviving pieces, making it highly valuable to collectors.
3. What is a CAC sticker, and why is it important?
A Certified Acceptance Corporation (CAC) sticker is a mark placed on coins that have been verified to be of exceptional quality within their grade. Coins with CAC stickers often fetch higher auction prices due to their confirmed top-tier quality.
4. Where can I see these rare coins before the auction?
The Heritage Auction will be held during the American Numismatic Association’s convention, and there will be an opportunity to view the coins in person at the World’s Fair of Money. This allows collectors to examine the coins firsthand before the auction.
5. How much are these rare double eagles worth?
The value of these coins varies depending on their quality and rarity. For example, a similar 1883 Proof Coronet double eagle without a CAC sticker sold for $336,000 in 2021. Prices at the upcoming auction are expected to be similar or possibly higher.