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    Description

    1882 Double Eagle, Elusive AU55
    571 Pieces Struck for Circulation
    Extremely Low Mintage Gold Coin

    1882 $20 AU55 NGC. The Philadelphia Mint produced a string of remarkably low-mintage rarities among the Liberty Head double eagles of the 1880s, including three proof-only issues, the 1883, 1884, and 1887, struck in nominal amounts of a few dozen proofs per year. The 1882 was not a proof-only issue, but it might as well have been: Only 571 pieces were struck for circulation, and perhaps only two dozen or so survive today in all grades. The Smithsonian Institution has two examples of the proof 1882 double eagle, but it lacks an example of the circulation strike. Collectors of the day preferred proofs almost exclusively, explaining the paucity of surviving high-grade business strikes.

    The mintage of 571 coins puts the 1882 not only among the lowest-mintage double eagles of the Liberty Head series -- only the 1861 Paquet was lower (apparently) -- but it also puts it among the lowest-mintage U.S. gold coins, regardless of denomination. For reference, recall that the 1796 No Stars quarter eagle was struck to the reported extent of 963 coins.

    This Choice AU NGC-certified example is one of two submissions in this grade, and six are finer (6/14). As is expected for such a low-mintage issue, the fields on this piece are bright and reflective, conserving considerable evidence of the original prooflike texture. Numerous small- to medium-sized abrasions scattered over each side are consistent with the grade. The most distinctive marks are between star 9 and the back of Liberty's head; on the reverse, a long horizontal mark connects the bottom of the R in AMERICA with the eagle's right (facing) wing. This piece is sharply struck throughout, the yellow-gold coloration complementing a hint of reddish patina.
    From The Christopher Bently Nob Hill Collection.(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.

    View all of [The Christopher Bently Nob Hill Collection ]

    Auction Info

    Auction Dates
    August, 2014
    5th-9th Tuesday-Saturday
    Bids + Registered Phone Bidders: 14
    Lot Tracking Activity: N/A
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