1885 $20

Description

PCGS 1885 AU 53. It is, indeed, a very unusual and pleasant opportunity to be able to offer one of the rarest Liberty double eagles in the entire series. The 1885 has the second lowest business strike mintage--751 pieces--of any Liberty twenty-dollar coin, next only to the 1882. One theory for the exceedingly low business strike production is as that even as late as the 1880s, individuals could come personally and bring his gold to the mint for conversion into coin of the realm. There was a glut of double eagles, particularly in the East, and no production had been specified. Maybe these precious few coins were produced from direct public demand. From this tiny mintage, a total of 33 pieces have been certified by both services in all grades, undoubtedly, some of which may be the same coin. AUs seem to be the median grade for the date, and this specimen hits right in the middle. The strike is sharp and the surfaces show some prooflike reflectivity.
For diagnostic purposes, there is a very small carbon spot just visible to the left of Liberty's ear. This is truly an opportunity for the astute gold buyer, as this is an exceptional coin that is rarely offered for sale.

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

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 751

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.

View Certification Details from PCGS