1882 $20

Description

Extremely Rare 1882 Double Eagle, NGC AU 53

1882 $20 AU 53 NGC. Frosty and immediately identifiable as a rare circulation strike by the presence of incomplete feathers below the top of the edge of the right side of the shield (the result of die polishing); proofs of this year have full feathers in this area. The usual scattered abrasions are noted on the surfaces but none of these are deep or terribly detracting. There are probably no more than four to six AU 1882 double eagles known and this piece is certainly among the best of these. A solid Condition Census coin that should be the object of serious bidding.
Only 571 circulation strike 1882 double eagles were produced. With an estimated surviving population of 15-20 pieces, this is one of the Big Five Liberty Head double eagles, along with the 1854-O, 1856-O, 1870-CC, and the 1886. The true rarity of the 1882 can best be expressed by the fact that Harry Bass, the ultimate gold coin collector of the modern era, had just one circulation strike of this date in his collection and it showed signs of tooling on the face of Liberty (which still didn't keep it from realizing $19,500). There are just six auction records for this date since 1990 and no third-party graded example finer than XF 45 has been sold at auction in the past ten years.
From the David & Jeannie Cheung Collection.

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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