1885 $20 MS62 NGC....

Description

Condition Census Mint State 1885 Double Eagle

1885 $20 MS62 NGC. There are four ultra-low mintage Philadelphia Double Eagles from the 1880s that were issued in both circulation strike and proof format: the 1881, 1882, 1885, and 1886. The 1885 is the most obtainable of these but still very rare in all grades. Only 751 pieces were issued for circulation and an estimated four dozen are known today. Most are in the XF40 to AU50 grade range, although there are a few more relatively high grade 1885 Double Eagles known than with the other dates mentioned above.
A few nice Uncirculated coins exist including a PCGS MS63 that brought $39,100 in the Bass II Sale; another MS63 (this one graded by NGC) realized $27,600 as a "raw" coin in the Stack's October 1999 sale; and a third MS63, this one graded by PCGS, resides in a prominent Midwestern collection. The presently offered NGC MS62 is a Condition Census example and one of the highlights from the Eagle Collection.
Fully struck with bright prooflike fields, the surfaces show the usual overlay of light coppery-gold color common to this issue. This is one of the finest examples we have seen. The coin can be distinguished in the future by the presence of a short grease stain (as struck) by star five, which extends from the lower outer point to the dentil. On the reverse the identifying mark is a complex broken scuff which extends horizontally from wing to wing through the lower horizontal lines at the top of the shield.
Ex: Eagle Collection (Heritage, 1/12/02) lot 4095.
From The Richard J. Chouinard Collection of United States Coins, Part One.(#9003) (Registry values: N7079)

Coin Index Numbers: (NGC ID# 26BM, PCGS# 9003, GSID# 9821)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 1.06oz
Mintage: 751

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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