1885 $20

Description

Important AU 50 1885 Twenty

1885 $20 AU 50 PCGS. Mostly prooflike and with considerable orange-peel surfaces but unquestionably a circulation strike and one of just 751 pieces produced. This is a high-end, original piece with nice orange-gold color and choice surfaces. There is a small mint-made copper spot at star 2 on the obverse and some other light spotting is located along the obverse border; the reverse is very choice. This is another piece that is housed in an old PCGS holder and an upgrade may be possible according to today's grading interpretations.
The 1885 is typically grouped with the 1881, 1882, and 1886 as ultra-rare, low mintage issues. The 1885, despite its tiny mintage figure, is more available than these other dates with an estimated three dozen pieces known. Most of these are in the XF 40 to AU 50 range and an example that grades AU 55 is probably in the Condition Census. This coin is worth in the area of $9,000-$10,000. How many other Liberty Head double eagles are there that have such a tiny mintage figure and are so rare in terms of overall and high grade rarity--but are this affordable? In our opinion, the pricing structure for these rare Philadelphia issues from the 1880s (and the 1891) needs to be re-examined when coins such as this sell for considerably less than many truly common dates in high grades.
From the David & Jeannie Cheung Collection.

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.

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