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March Signature Sale 3096  25-27 Mar 2021
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Lot 30416

Estimate: 40 000 USD
Price realized: 95 000 USD
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Montenegro
Nicholas I gold Proof "Bare Head" 100 Perpera 1910 PR65+ Ultra Cameo NGC, Vienna mint, KM12, Fr-1. Proof mintage: 25. Bare Head, Facing Right. A stunning gem example of this very rare Proof issue, with a total issuance of only 25 specimens, according to the Standard Catalog of World Coins. Given this incredibly low figure, it is perhaps of no surprise that this laudable gem ranks as the absolute finest seen across both NGC and PCGS, the next-finest grade in the combined censuses achieved by a single "PR65" specimen. A full cameo effect is noted owing to a heavy coating of golden frost over the raised features, resulting in a delightfully silky texture that is almost entirely undisturbed by any signs of handling. A turn of the wrist reveals a bright reflectivity residing in the fields, unleashing a sleek and nearly pristine flashiness that proves wholly uncommon for this already very elusive issue. This elite coin is bound to confer significant bragging rights to its future owner, and we do not doubt that it will be met with spirited bidding by collectors vying for the finest certified selection of this great 20th-century rarity.

Ex. Numismatica Genvensis Auction 2 (November 2002, Lot 905)

https://coins.ha.com/itm/montenegro/montenegro-nicholas-i-gold-proof-bare-head-100-perpera-1910-pr65-ultra-cameo-ngc-/a/3096-30416.s?type=CoinArchives3096

HID02906262019

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Estimate: 40000-60000 USD
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