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Lot
7410

1881 $20 AU53 PCGS. The 1881 twenty is a widely ...

2004 January Long Beach Signature Sale #342

 
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Auction Ended On: Jan 30, 2004
Item Activity: 8 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Rare and Important 1881 Double Eagle, AU53
1881 $20 AU53 PCGS. The 1881 twenty is a widely recognized, low mintage (2,199 pieces) rarity, the first in a string of seven briefly minted dates from the Philadelphia mint. Virtually all known survivors, of which there are two dozen at most, are in the XF to AU range. Even proofs, of which 61 coins were struck, are more likely to be located than an AU business strike. This piece still retains significant portions of the original prooflike finish in the fields and the striking details are sharply defined on each side. Light reddish patina is scattered over both obverse and reverse, and the only mark of any significance is an abrasion below the eagle's right (facing) wing.
From a Magnificent Collection of Double Eagles. (#8994) (Registry values: P3, N10000) (NGC ID# 26BC, PCGS# 8994)

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