1881 $20 AU55 PCGS....

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Sold on Aug 16, 2018 for:

$57,600.00 Bid Source: Internet bidder

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1881 Double Eagle, AU55
Low-Mintage Rarity, Original Color

1881 $20 AU55 PCGS. An excerpt from the Mint Director's Annual Report of June 1881, states:

"The coinage of gold into smaller denominations than heretofore executed was continued, only $15,345,520 in double eagles having been struck, while the eagles and half eagles amounted to $63,371,230.

"Nearly all of the gold produced on the Pacific coast was deposited and coined at the San Francisco Mint, while the principle part of the gold coined at the Philadelphia Mint consisted of New York Assay Office bars manufactured from imported bullion and coin."

Much of the imported gold in 1881, cast into bars at the New York Assay Office, was in the form of foreign coin. Mint policy was to pay depositors with domestic gold immediately upon assaying the deposits of foreign coin, which prompted an increase in monthly gold coinage for the Treasury to pay out. A significant amount of this coinage was in the form of half eagles and eagles. For the calendar year 1881, only 2,199 double eagles were coined for circulation, beginning a several-year-long trend in which this denomination would be coined in little or no quantity at the Philadelphia Mint.

The number of 1881 double eagles extant for collectors has been estimated at 40 to 60 coins in all grades. Only a few of these are in Mint State. Most of the coins seen at auction are in various AU grades, which is a comfortable collector-grade for most enthusiasts. This Choice AU piece displays excellent detail with glimmers of reflectivity in the fields. Scattered abrasions are not particularly bothersome, and eye appeal is pleasing. Population: 4 in 55, 13 finer (6/18).
From The Lockhart Collection. (Registry values: N4719)

Coin Index Numbers: (NGC ID# 26BC, PCGS# 8994, Greysheet# 9819)

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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