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Double Eagle. Proof Or Proof-Like?

 
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United States
19 Posts
 Posted 02/20/2020  9:37 pm Show Profile   Bookmark this topic Add jbohanon to your friends list Get a Link to this Message
Would appreciate some opinions on this coin. I've had two graders look at it and say they think it's an impaired proof. I've also had other dealers take a look and claim it's just proof-like. I know it's hard to judge without coin in hand, but one thing a few of them have said is that the reeding is different on proofs. I haven't been able to find any details on this as proof 20s are quite rare. Trying to decide if it's worth submitting. If it's clearly not a proof is there still some premium if it gets a PL designation?

There is definitely reflectivity on both sides and no obvious signs of cleaning.



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 Posted 02/20/2020  9:41 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
I'd say Obv. PL reverse SPL. Not a proof IMO.
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 Posted 02/20/2020  10:21 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Impaired even if proof, which I doubt.
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Australia
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 Posted 02/21/2020  01:36 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The luster helps make this coin, but
there are lots of tiny nicks and scratches which gives emphasis to the 'impaired' wording, even it it is a proof, of which I am also inclined to doubt.

No wear, so definitely some sort of MS grade.
Lovely coin, nevertheless.

I don't know about American proof gold coins,
but British gold coins have almost a 'cutting' feel to their edge milling. Gold is soft. That 'cutting' feel can very quickly dissipate, with even the slightest handling, with high MS gold coins, and this coin has obviously been handled quite a bit.
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 Posted 02/21/2020  6:46 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
An impaired Proof coin is one that has condition issues. It is one that may have scratches or problems with its surfaces that would render the coin less than desirable to a collector. An impaired Proof coin may even show signs of circulation and wear. Proof coins are graded similarly to the ways that we grade other coins.
I'd never heard of impaired proof coin, but upon reading & copy/pasting the above definition, it's a far cry from being a proof.
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 Posted 02/21/2020  11:56 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
This one doesn't look like a proof to me. It doesn't have squared rims, and the details are not as sharp as the ones I've seen on other proofs.
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 Posted 02/23/2020  8:26 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
I cross referenced it with a few proofs at PCGS and it does not appear to be one. Keep in mind, only 86 were struck so I'd think that would narrow it down. As for the last question, yes Proof-like designations command a higher resale value. No matter the case, a beauty for sure.
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