1887 $20 PR63 PCGS. The proof-only 1887 is another great ...
Rare Proof-Only 1887 Liberty Double Eagle PR631887 $20 PR63 PCGS. The proof-only 1887 is another great rarity in the series of Liberty Double Eagles, with precious few extant pieces from an already tiny original production of 121 proofs. However, its low survival ratio suggests that some of these were never released and were later melted. Given the fact that there are around 25-30 survivors, it would seem logical that 50 or so pieces were lost to collectors in this manner.
The bright, watery mirrors of this Select specimen have the desirable "orange-peel" effect of proof gold coinage from this era and display a modest degree of contrast with the central devices. Wispy blemishes on the obverse are well scattered and not immediately obvious to the unaided eye. For those attempting to assemble a date set of Twenties or the ultra challenging complete set, the 1887 is certainly one of the most challenging issues in the series. Population: 3 in 63, 10 finer (10/03).
From a Magnificent Collection of Double Eagles. (#9103) (Registry values: P5) (PCGS# 9103)
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