1885 $20 MS62 PCGS....

Description

Rare, Low Mintage 1885 Twenty Dollar, MS62

1885 $20 MS62 PCGS. Whenever a collection of Liberty double eagles is consigned, invariably the first question is, "Does it have an 1885 and an 1882?" Usually the answer is "no." The reason, of course, is the extremely low mintages and subsequent high prices that keep these coins out of the collections of all but the most determined date and mintmark sets. Years ago collectors were not as particular about the difference between proofs and business strikes. Today the characteristics of each are known, and collectors appreciate each for what they are. As a result, collectors today are much less willing to place a proof into a set of otherwise circulation strike coins.
This piece shows the diagnostics that are common to all business strikes. The date is low, the 8 is centered directly below the B in J.B.L., and the 5 is noticeably closer to the denticles than the lowest hair curl. Breen also noted that business strikes have "the usual notch minutely l. of 5." On the reverse, there is no lump at the upper left of the F in OF, as seen on proofs. All the 1885 circulation strikes we have seen show reflective fields. However, they do not have the deep reflectivity that comes from striking on polished planchets. Interestingly, the upper obverse of this piece shows a slight orange-peel effect, which is normally associated with proofs from this era. However, there is no trace of this effect elsewhere in the fields.
The devices are fully defined on each side. A few tiny ticks define the grade of this coin, but the only ones that deserve individual mention are a series of short marks below the eye of Liberty. A rare opportunity for the advanced collector of twenty dollar Liberty gold.
From The Charleston 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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