1892 $20, PL MS(PCGS#89019)

1892 $20, PL MS (PCGS#89019)

December 2025 Showcase Auction - The James A. Stack, Sr. Collection Part I

Losbeschreibung: Here is an exceptional strike and condition example of this low mintage rarity among 1890s double eagles. Remarkably attractive for the assigned grade, a quality largely derived from the intense reflectivity that defines the finish in the fields. These form a splendid back drop to design elements that are not only lightly frosted in finish, but smartly impressed with crisp definition throughout. Vivid rose-orange color adds to the appeal, while grade-defining marks are generally small in size and singularly inconspicuous to the unaided eye.<p>Only 4,430 examples of this circulation strike double eagle were forthcoming from the Philadelphia Mint in 1892, a meager output by any standards. Amazingly, that small figure was up 3,040 pieces from that mint's previous year's mintage, but it would remain the lowest of any date from that point through the termination of the denomination in 1933. Some were used for overseas banking transactions, to which we owe most of today's AU and Mint State 1892 twenties.<p>Only 150 to 250 or so circulated examples of this issue can be found today. VF and EF are the most frequently encountered grades, though patience will be rewarded with a nice AU. In Mint State our estimate dwindles to just 25 to 40 pieces, most of which are MS-60 to MS-62. With exceptionally strong eye appeal and superior technical merits, this is a premium quality BU 1892 $20, and it will surely sell for a strong bid to a discerning double eagle specialist.