1881 $20

Description

Very Rare Circulation Strike 1881 Double Eagle

1881 $20 AU 50 PCGS. Lustrous and somewhat prooflike with an interesting blend of satiny and reflective textures. Very well struck with sharp detail noted on the hair of Liberty and the eagle's feathers. There are some scattered marks on the obverse including a small vertical cut in front of Liberty's mouth. There is also a noticeable mint-made copper spot between stars 6 and 7 on the obverse and a number of spots along the reverse periphery. This is a beautiful, fresh example of a truly rare and very desirable issue.
There were just 2,200 circulation strike 1881 double eagles produced. Approximately 25-35 pieces are known today with most of these grading XF 40 to AU 50. In the middle to higher AU grades the 1881 is extremely rare and the only piece to have been encapsulated as Uncirculated is the PCGS MS 60 that we sold for $29,325 in the July 1997 ANA Sale. The coin we offer here is slightly nicer than the PCGS AU 55 that brought $14,950 in the October 1999 Bass sale and it is probably in the Condition Census for this issue.
From the David & Jeannie Cheung Collection.

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

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 2,199

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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