1882 $20 AU55 NGC....

Description

1882 Double Eagle, Flashy AU55
Second Rarest Philadelphia Mint Twenty
Only 571 Coins Struck

1882 $20 AU55 NGC. With one of the lowest circulation strike mintages of any coin in the entire U.S. gold series, the 1882 double eagle rare in an absolute sense and this date is a great condition rarity, too. Only the 1861 Paquet double eagle has a lower circulation strike production among twenty dollar gold pieces. A mere 571 1882 double eagles were struck, with an estimated survival of 25 to 35 pieces known today in all grades. Most examples show signs of circulation: PCGS reports only three Mint State coins, while NGC has certified a single example as MS62, and lists no other Uncirculated coins. Survival is low, too, for the accompanying 1882 proof mintage of 59 coins, with only 14 to 18 proofs known to survive.

Those seeking an 1882 circulation strike need patience, because auction appearances are limited and the date is highly prized by double eagle specialists. Heritage sees on average no more than one or two 1882 examples a year, although the current runup in rare gold prices has coaxed a few pieces out of seclusion. The present vibrant, yellow-gold coin is a Choice About Uncirculated example, with flashy prooflike fields hosting many light abrasions and occasional shallow marks. As often seen, the reverse displays fewer abrasions than the obverse, with a thin pinscratch between R in AMERICA and the eagle's wing. Nearly full mint luster remains throughout both sides of this sharply struck double eagle. Pleasing orange-gold accents exist at the rims and decorate high points on the frosted central motifs. Census: 2 in 55, 5 finer (6/23).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 26BE, PCGS# 8996, GSID# 9820)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 571

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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