1892 $20 MS(PCGS#9019)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

Auctioneer

Stack's Bowers

Lot Number

4541

Grade

XF40

Price

6,000

Lot Description

1892 Liberty Head Double Eagle. EF-40 (PCGS). Handsome EF quality for this key date Type III Liberty Head double eagle issue, both sides exhibit vivid rose highlights to dominant honey-gold patina. Lustrous for the grade with bold to sharp definition over most design features. Only 4,430 circulation strike double eagles were forthcoming from the Philadelphia Mint in 1892, a meager output by any standard. Amazingly, that small figure was down 3,040 pieces from the previous year's mintage in Philadelphia and would remain the lowest of any date from that point through the termination of the denomination in 1933. Face value amounted to just $88,600. Some were used for overseas banking transactions, to which we owe most of today's 1892 double eagles. A significant bidding opportunity not to be missed. Provenance: From the Fairmont Collection. PCGS# 9019. NGC ID: 26C5. Click here for certification details from PCGS.