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Lot
5082

1881 $20 AU50 PCGS....

2011 July Orlando Summer FUN Signature US Coin Auction #1157

 
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Auction Ended On: Jul 8, 2011
Item Activity: 4 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

Exceedingly Rare 1881 Twenty Dollar
AU50, Few Finer Known
1881 $20 AU50 PCGS. Gold experts Jeff Garrett and Ron Guth call the 1881 double eagle a "major rarity in all grades," given its extremely low mintage figure of 2,199 business strikes, one of a string of such issues from the late 1870s though the early 1890s. Much semiprooflikeness clings to the yellow-gold surfaces, unsurprisingly for an issue with such a low production. The strike is strong overall, although some weakness in the centers combined with light wear makes ERTY merge with the top of the coronet. A small grease stain appears on the lower-left reverse, along with a light scrape under PLURIBUS. An extreme rarity: PCGS has seen only six submissions at the AU50 grade level, with only 10 finer (5/11). An AU53 PCGS example brought $37,375 in our FUN Signature (Heritage, 1/2011), lot 5268.
From The Jeepy-Louise Collection.(Registry values: N4719) (NGC ID# 26BC, PCGS# 8994)

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