As Russ has briefly mentioned, hairlines are a major determinent of grade for nineteenth century proof coinage. They simply were not stored or cared for as well, on a consistent basis, as more modern proofs and the unfortunate acquisition of hairlines can be within small, dense patches or distributed throughout the surfaces on one or both sides. Hairlines can also be mighty tough to pick up in an image.
I've handled a few of those proof $20's during my numismatic career so far. Not only are they breathtaking coins, they're incredibly strong in demand and they sell quite quickly.
Provided you can find examples that aren't priced with too high of a premium, proof $20's in PR63 and PR64 grades are excellent deals in my opinion.
Follow me on Twitter @wtcgroup Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
Comments
Very beautiful example and one I am sure most of us would like to own.
<< <i>dizzy is that you? >>
<< <i>Why only PF 63? It looks way nicer. >>
Hairlines, no doubt.
Russ, NCNE
<< <i>Drowning as you bought it? >>
Probably as in deep, watery mirrors.
Russ, NCNE
In honor of the memory of Cpl. Michael E. Thompson
<< <i>That coin is absolutely stunning! How did he make the photo look so good?? >>
Elfin Magic
Your 1873 is the little sister to this Lady according to Brandon.
1897 $20 PCGS PR64CAMEO Stunning Proof Liberty Double Eagle
Linky
Provided you can find examples that aren't priced with too high of a premium, proof $20's in PR63 and PR64 grades are excellent deals in my opinion.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"