1885 $20 AU55 NGC. CAC....

Description

1885 Twenty Dollar, AU55
Only 751 Circulation Strikes Produced

1885 $20 AU55 NGC. CAC. In the 2015 Mike Fuljenz Double Eagles reference, the comment is made that the 1885 is "clearly a rare issue, but it seems a bit more available in mint-state than one might assume, given its minuscule production." Still, from the tiny mintage of 751 pieces, he estimates only 90-100 examples survive today in all grades. The largest distribution by grade is in XF45 to AU55 condition. To date (10/16), 104 submission events have been recorded by both services combined. Numerous resubmissions are included in the numbers certified, as there is a considerable economic incentive for an increase in grade, even if it is just one level.

This example displays the bright, reflective fields expected from business strikes, but lacks the depth of mirroring on a proof. Each side showcases rich, reddish-gold color, and there are few marks that would aid in tracing the pedigree of this important coin. One is a bit of faint residual grease in the area of the 188 of the date, and a milling mark at the top of Liberty's hair is another. The collector of Liberty double eagles has few opportunities to acquire this ultra rarity, especially in Choice About Uncirculated with CAC endorsement. Census: 5 in 55, 31 finer. CAC: 1 in 55, 7 finer (10/16).
Ex: The Henry Miller Collection (Heritage, 1/2011), lot 5270.
From The Renz Family Collection of $20 Gold Coins.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 26BM, PCGS# 9003, Greysheet# 9821)

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

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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