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Auction 1349 | Lot 3374 » Double Eagles » Liberty Double Eagles
1887 $20 PR67+★ Cameo NGC. JD-1, High R.5. (PCGS# 89103)
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Oct 9, 2022

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Sold For: $600,000.00
Auction 1173 | Lot 5427 » Double Eagles » Liberty Double Eagles
1887 $20 PR67+★ Cameo NGC. (PCGS# 89103)
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Aug 5, 2012

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Sold For: $411,250.00
Auction 1151 | Lot 5292 » Double Eagles » Liberty Double Eagles
1887 $20 PR67+★ Cameo NGC. (PCGS# 89103)
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Jan 9, 2011

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Auction 422 | Lot 3756 » Double Eagles » Liberty Double Eagles
1887 $20 PR65 Cameo NGC. If the 1849 pattern is excluded, the 1887 is one of the three proof-only dates within the Liberty double eagle series. The proof mintage of 121 pieces is misleadingly high, since far fewer examples are known today. NGC has certified 12 pieces, and PCGS has encapsulated another 19 pieces. Since the two major grading services have been in business for 20 years, there has been ample time for several of these coins to get resubmitted, and most major collections have by now been certified. Breen's estimate of 20 to 25 pieces is likely accurate. What happened to the rest of the mintage? It is possible that a small quantity was melted by the mint as unsold. In addition, it must have been a temptation for collectors and their heirs to simply spend the coin, since the face value of 20 dollars went a long way during one of the country's economic panics. Large denomination gold coins were seldom collected by date prior to the 1940s, and the enormous premiums given to proof gold coins today did not exist in the 19th century. PCGS has certified two pieces in circulated grades, one each as AU50 and AU53. Other examples likely remained in circulation until Roosevelt's gold recall, which swept in a large percentage of all the double eagles ever struck.

This pleasing specimen has a penetrating strike, with essentially complete detail within Liberty's hair to the right of the ear. The glassy fields are beautifully smooth, and the portrait exhibits impressive frost. Subtle aqua and tan tints on the reverse further confirm the originality. While many collectors over the years have begun a collection of Liberty double eagles, only a handful of collectors, such as Eliasberg and Trompeter, have managed to string together lengthy date runs of proofs. All proof double eagles are both rare and desirable, but the proof-only issues are subject to even greater demand, since they provide the only means of obtaining the date. A Cameo Gem specimen, such as the present coin, may not ap (PCGS# 89103)
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Jan 6, 2007

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Sold For: $126,500.00
Auction 1208 | Lot 5747 » Double Eagles » Liberty Double Eagles
1887 $20 PR65 Cameo NGC. (PCGS# 89103)
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Aug 9, 2014

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Auction 1223 | Lot 4509 » Double Eagles » Liberty Double Eagles
1887 $20 PR65 Cameo NGC. (PCGS# 89103)
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Aug 12, 2015

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Sold For: $117,500.00
Auction 1356 | Lot 3911 » Double Eagles » Liberty Double Eagles
1887 $20 PR61 Cameo NGC. JD-1, High R.5. (PCGS# 89103)
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Jan 12, 2023

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Sold For: $114,000.00
Auction 1203 | Lot 4300 » Double Eagles » Liberty Double Eagles
1887 $20 PR64 Cameo PCGS. (PCGS# 89103)
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Feb 27, 2014

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Auction 1216 | Lot 4407 » Double Eagles » Liberty Double Eagles
1887 $20 PR64 Cameo PCGS. (PCGS# 89103)
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Jan 12, 2015

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Auction 355 | Lot 7985 » Double Eagles » Liberty Double Eagles
1887 $20 PR64 Cameo NGC. The 1887 is one of the rarest dates in the series of twenty dollar Libs. Only 121 proofs were struck, and no business strikes were produced. However, judging from the small number of proofs remaining it seems likely that 50 or so coins must have been melted as unsold at year's end. It is generally believed that today a mere 23-25 coins are extant in all grades, a figure that places it in the top eight dates in the series.

The 1887 double eagles that are known are well produced coins. This piece has deeply reflective mirrors with a significant amount of mint frost over the devices. The fields display the pronounced orange-peel texture that is invariably found on 1887 twenties and generally seen on most proof gold coins from the 1880s and 1890s. The surfaces are slightly hazy with a few light hairlines and each side has bright orange-gold coloration. One of the finest examples known of this major rarity, and one of only 10-11 coins believed known in PR63-PR64 condition today.
From The Greenwich Collection, Part Three. (PCGS# 89103)
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Sep 11, 2004

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Sold For: $86,250.00

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