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Lot 4865 |
1882 $20 AU53 PCGS....
2010 July Orlando, FL (Summer FUN) Signature US Coin Auction #1142
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Bid Information
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of Bidders
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Consignor Has Not Yet Submitted a Reserve:
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Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
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What's This?
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Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
Not Sold
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| Auction Ended On: | Jul 9, 2010 |
| Item Activity: |
5 Internet/mail/phone bidders
1,941 page views |
Description:
Legendary 1882 Double Eagle, AU53
Mintage 571 Coins
1882 $20 AU53 PCGS. The 1882 double eagle is so rare that even the Smithsonian Institution, keeper of the National Numismatic Collection, lacks an example of this issue. While there are numerous double eagle issues from the late 1870s through early 1890s that boast extraordinarily low mintages, the 1882 is the absolute lowest-mintage of them all, at 571 coins. Any representative of this issue, in any grade, is an extraordinary rarity.
The next-lowest mintage of the denomination in the 1880s is the 1885, produced to the extent of 751 coins--an increase of over 30% in comparison to the 1882. In fact, the 1882 double eagle has the lowest mintage of any circulation strike in the double eagle series, save for the 1861-P Paquet Reverse.
The 1882 double eagle is not only an issue with a remarkably low mintage to begin with, but its rarity is compounded because so few were saved. The handful of contemporary collectors who specialized in gold--and they were few and far between--preferred proof examples, which could be had from the Mint for a modest premium.
The reasons for the minuscule mintage are complicated. Mint officials had adopted a new policy to stimulate national demand for half eagles and eagles, according to Rusty Goe in The Mint on Carson Street.
"... double eagle output was decreased on a national scale as the Treasury implemented its new policy of expanding the distribution of $5 and $10 gold pieces.
"It was the Treasury's conviction that if more gold coins in denominations less than twenty dollars were in reserve at Mint offices around the country, depositors would accept these coins in payment in lieu of waiting for additional double eagles to be struck."
At any rate, the nation's operating mints had other troubles, as they shouldered the enormous burden of Morgan silver dollar production in 1882, amounting to more than 27.5 million pieces at four facilities.
By contrast, only three mints struck double eagles at all, as New Orleans' last twenty was the 1879-O. In 1882 San Francisco struck 1.13 million twenties, with nearly 40,000 in Carson City--and the legendary low mintage of 571 double eagles in Philadelphia.
The present AU53 example boasts light orange-gold surfaces that are highly reflective and semiprooflike, as expected. The piece is sharply detailed overall, with slight wear appearing on the high points. A scattering of handling marks and light abrasions on both sides is consistent with a short stint in circulation. Watch the bidder cards fly on this rare coin. Population: 2 in 53, 7 finer (6/10).(Registry values: N7079) (#8996)
View large image(s) of this item
Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1145, Lot 5036 | Sunday, October 31, 2010 | 53 | PCGS | $80,500.00 |
| Auction 308, Lot 9045 | Saturday, January 11, 2003 | 53 | NGC | $36,800.00 |
| Auction 248, Lot 7224 | Friday, February 23, 2001 | 53 | NGC | $32,200.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
| Source | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Unconfirmed | Thursday, July 22, 2004 | 53 | NGC | $41,400.00 |
| PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies. | ||||
Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 50 | $100,000 | $78,130 | $62,500 | $57,500 | $57,500 | $65,000 | $72,500 |
| 53 | --- | $99,380 | $79,500 | $73,000 | $73,500 | $82,500 | $85,000 |
| 55 | $110,000 | $123,500 | $95,000 | $88,000 | $88,500 | $92,500 | $97,500 |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 571 | James B. Longacre | ||||
| NGC | 53 | 0 | 8 | 11 | - | ||
| CAC | 53 | 0 | 1 | 1 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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