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    Description

    1886 Liberty Double Eagle, AU53
    Only 1,000 Examples Struck
    40-60 Specimens Extant

    1886 $20 AU53 NGC. For much of the decade of the 1880s, the Philadelphia Mint produced only token mintages of double eagles. The San Francisco Mint usually produced large quantities of the high denomination gold coins to satisfy the needs of the hard-money economy of the western United States but, for some reason, none were struck at the West Coast facility that year. All coinage had been suspended at the Carson City Mint that year and the New Orleans facility had all it could do to produce its mandated output of Morgan dollars. As a result, the minuscule Philadelphia mintage of 1,000 pieces constituted the entire production of business-strike double eagles for the year. Few were saved by contemporary collectors, who preferred to fill the gaps in their date runs with proofs. PCGS CoinFacts estimates the surviving population at 40-60 examples in all grades and Mint State coins are extremely rare. David Akers noted, "The 1886 is one of the rarest dates of the entire Liberty Head Double Eagle series."

    The present AU53 example is about an average grade for the certified survivors. The slightest remnant of the original prooflike surface remains around the devices on the obverse, and within the shield on the reverse. The piece is well-struck overall but displays the expected high-point friction. A few light abrasions appear, the most noticeable a cluster of marks at 12 o'clock on the obverse, along with another below star 1. The orange-gold color has taken on a grayish hue in the fields from handling. Census: 6 in 53, 17 finer (3/21).
    Ex: ANA Signature (Heritage, 10/2012), lot 6264, realized $73,438.
    From The Selman Family Collection. (Registry values: N7079)

    Coin Index Numbers: (NGC ID# 26BR, PCGS# 9006)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    View all of [The Selman Family Collection ]

    View Certification Details from NGC

    Auction Info

    Auction Dates
    April, 2021
    22nd-25th Thursday-Sunday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
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