1881 $20 PR58 NGC. JD-1, High R.5....

Description

1881 Liberty Double Eagle, PR58
Elusive Date in All Formats

1881 $20 PR58 NGC. JD-1, High R.5. The Philadelphia Mint struck a relatively generous mintage of 61 proof Liberty double eagles in 1881, to accompany a tiny business-strike production of 2,199 pieces. The coins were delivered in three batches of 40, 4, and 17 examples, throughout the year. One pair of dies was used to strike the proofs. The reverse die shows a notch in the the upper right tail feather, making it possible to distinguish between proofs and prooflike business strikes. As might be expected from the small mintage, business-strike examples are elusive, putting strong pressure on the small supply of proofs from date collectors. John Dannreuther estimates no more than 18-22 proofs are extant in all grades.

This impressive PR58 example shows just a trace of friction on the strongly impressed design elements and the bright yellow-gold surfaces show numerous minor marks and hairlines from spending a short time in circulation. The fields remain deeply reflective in sheltered areas. Census: 1 in 58, 5 finer, all with Cameo or Ultra Cameo designations (5/21).(Registry values: P4)

Coin Index Numbers: (NGC ID# 26E2, PCGS# 9097, Greysheet# 10050)

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.

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