1885 $20 MS62 NGC....

Description

1885 Liberty Double Eagle, MS62
Low-Mintage Philadelphia Issue
Condition Census Example

1885 $20 MS62 NGC. There are four ultra-low mintage Philadelphia Mint double eagles from the 1880s that were issued in both circulation strike and proof format: the 1881, 1882, 1885, and 1886. The 1885 is the most obtainable of these but the issue is still quite elusive in all grades. Only 751 pieces were issued for circulation and PCGS CoinFacts estimates only about 100 examples are known today. Most are in the XF40 to AU50 grade range, although there are a few more relatively high grade 1885 double eagles known than with the other dates mentioned above.

A few nice Uncirculated coins exist, the finest being two examples currently graded MS63 at PCGS. Neither of those coins has been publicly offered in the last 15 years. The finest seen at NGC is a single MS62+ specimen (11/19). The presently offered NGC MS62 coin is a Condition Census example and one of the highlights from the famous Eagle Collection.

This impressive MS62 example is sharply struck with bright prooflike fields. The surfaces show the usual overlay of light coppery-gold color common to this issue. This is one of the finest examples we have seen. The coin can be distinguished in the future by the presence of a short grease stain (as struck) by star five, which extends from the lower outer point to the dentil. On the reverse the identifying mark is a complex broken scuff which extends horizontally from wing to wing through the lower horizontal lines at the top of the shield. Census: 3 in 62 (1 in 62★ ), 0 finer (11/19).
Ex: Eagle Collection (Heritage, 1/12/02) lot 4095; FUN Signature (Heritage, 1/2005), lot 30536.
From The "So Cal" Collection. (Registry values: N7079)

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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