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    Description

    1882 Double Eagle, AU53
    Only 25 to 35 Pieces Known
    Rarely Offered in Any Condition

    1882 $20 AU53 NGC. The Philadelphia Mint produced sporadic, token quantities of double eagles during the period from 1881 to 1887 inclusive, these issues comprising most genuinely rare dates in the series from this Mint. Production in 1881, 1882, 1885, and 1886 was only 2,199, 571, 751, and 1,000 coins, respectively; no circulation strikes were coined at Philadelphia in 1884, '85, or '87. Of the circulation-strike issues, the 1882 is the undisputed rarest overall and, with the exception of the 1861 Paquet, stands as the most elusive P-mint issue in the entire Liberty double eagle series. Most of the 571 coins struck were lost to attrition. The few collectors of the period that pursued double eagles acquired proofs. Even the Smithsonian Institution lacks a circulation strike 1882 double eagle but contains two proof examples.

    PCGS pegs the survival estimate of the regular issue 1882 twenty at 25 to 30 coins, which may be slightly generous. The combined NGC and PCGS certified population is 32 pieces, likely including a few resubmissions. A handful of Mint State coins are barely so, save for the Dallas Bank collection coin, which Garrett and Guth estimate would grade MS63 or MS64 if it were submitted. The finest certified coin is MS62 NGC.

    Our Permanent Auction Archives show 24 previous offerings of an 1882 double eagle, including several reappearances of specific coins and several that were net-graded. The issue is so rare that finding and acquiring any problem-free representative is a lifetime achievement, with little-to-no room for being picky about quality. Almost all 1882 double eagles are heavily abraded. The last AU53 example we offered was in the Long Beach Signature (Heritage, 5/2012), lot 5287, which realized $86,250. This piece is arguably superior in regards to eye appeal, showing medium olive-gold surfaces that reveal suggestions of luster in the reverse fields when rotated beneath a light. The design elements are well-detailed. Scattered abrasions are uniformly dispersed and none pose individual distraction. An excellent example of this great Philadelphia rarity. Census: 1 in 53, 8 finer (11/15).(Registry values: N7079) (NGC ID# 26BE, PCGS# 8996)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    January, 2016
    6th-11th Wednesday-Monday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 685

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