1885 $20 MS61 PCGS. CAC....

Description

1885 Liberty Head Twenty, MS61
Classic Gold Rarity
Only 751 Pieces Struck

1885 $20 MS61 PCGS. CAC. In 1885, the Philadelphia Mint coined a meager 828 double eagles, a figure that includes 77 proof examples. The business-strike mintage of 751 pieces ranks among the lowest production totals in the entire regular-issue series of U.S. gold coinage. The proofs provide a small supply of this sought-after issue for date collectors, with 15-20 specimens extant. Mint State regular-issue coins are even more elusive. Jeff Garrett and Ron Guth estimate fewer than 100 business-strike examples survive in all grades, the great majority in circulated condition. Currently, PCGS has certified two coins in MS61, with five examples finer, while the NGC Census reflects seven specimens at this grade level, with only two pieces finer (12/10). This is only the third time Heritage has been privileged to offer an 1885 double eagle in MS61 condition, with the coin offered here accounting for two of those offerings. This identical coin was featured as lot 3738 of the FUN Signature Auction (Heritage, 1/2007), where it realized $63,250. Another MS61 PCGS specimen was offered as lot 1754 of the October Signature Auction (Heritage, 10/2009), which realized $57,500.
The present coin is an attractive Mint State example of this rare date. Like nearly all other examples seen, this piece has fully prooflike surfaces with a hint of contrast between the fields and devices. Radial flowlines just inside the border on each side are the only characteristic that distinguishes this business strike specimen from the proofs. It has deep greenish-gold color with hints of orange. An attractive example, and extremely rare at this grade level.(Registry values: N7079)

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

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

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.

View Certification Details from PCGS