US 1892 Deep Cameo to make more than $80,000?

A US 1892 $20 Deep Cameo is among the highlights of Heritage Auctions’ Long Beach Coin Expo sale on February 16-19.

The lot is one of 4,430 examples of the 1892 issue produced for regular circulation.  

1892 dollar Heritage

The 1892 $20 is particularly rare in proof form

Only a tiny number of proofs were made, as Heritage explains: “The 1892 business strikes saw a complement of 93 recorded proofs, but it is a good bet that many were melted as unsold at year-end, a common Mint practice of the day.

“The experts at PCGS estimate that perhaps 24 to 28 coins survive today, a figure that aligns with the paucity of our auction offerings of this date, particularly with the Ultra Cameo or Deep Cameo designation.”

The record for the issue is $188,000, set for an Ultra Cameo example at Heritage in 2014.

This example is expected to make somewhere in excess of $80,000.

A 1794 Flowing Hair dollar is also on offer, with bidding at $67,670.

The issue was the first American silver dollar and so has a special appeal to many coin collectors.

This one displays significant wear. This includes damage to the rim, hence the relatively low starting bid, but it remains an attractive proposition as demand for the issue is so high.

Other examples in better condition have sold for as much as $10m in the past.

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