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    Description

    1882 Liberty Double Eagle, AU58
    Classic 19th Century Gold Rarity
    Only 571 Examples Struck

    1882 $20 AU58 NGC. While double eagles circulated extensively in the hard-money economy of the Western United States, the big gold coins were seldom seen in circulation in the East after the Civil War. Accordingly, the Philadelphia Mint pursued a policy of limited double eagle production for most of the 1880s, while the San Francisco Mint produced large quantities of the twenty dollar gold pieces throughout this time frame. The 1882 Liberty twenty claims a minuscule mintage of just 571 pieces, a memorably low production total for any U.S. gold coin. Among circulation-strike Liberty double eagles, only the ultra-rare 1861 Paquet Reverse is more elusive than the 1882 issue. Some rare branch mint double eagles, like the 1854-O, 1856-O, and the 1870-CC are better known, but the 1882 is more difficult to locate than any of those issues in absolute terms. PCGS CoinFacts estimates the surviving population at 25-35 examples in all grades.

    A small mintage of 59 proof double eagles was also struck in 1882, to satisfy collector demand. Only the most wealthy 19th century collectors could afford to set aside long date runs of double eagles and they preferred to update their collections by purchasing gold proof sets from the Philadelphia Mint every year, rather than seeking high-quality circulation strikes. Accordingly, few regular-issue 1882 double eagles were saved by contemporary collectors and the issue is all but unknown in Mint State grades today. NGC has graded one coin in MS60 Prooflike and another example in MS62, with none finer, while PCGS has graded one coin in MS60 and two in MS61, with none finer (11/19). Even that small number of citations may include some duplication.

    Even AU specimens of the 1882 double eagle are difficult to locate in today's market and examples that grade AU58 are legitimate condition rarities. This impressive near-Mint specimen exhibits sharply detailed design elements, with just the faintest trace of wear on the high points. The rich yellow-gold surfaces show the expected number of minor abrasions for the grade and much prooflike reflectivity is evident in sheltered areas. The overall presentation is most attractive for this rare 19th century issue. Census: 5 in 58, 1 finer (11/19).
    From The "So Cal" Collection. (Registry values: N7079)

    Coin Index Numbers: (NGC ID# 26BE, PCGS# 8996)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The "So Cal" Collection ]

    Auction Info

    Auction Dates
    January, 2020
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 283

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