1877 $20 MS(PCGS#8982)

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

Auctioneer

Stack's Bowers

Lot Number

4499

Grade

MS62+

Price

4,560

Lot Description

1877 Liberty Head Double Eagle. MS-62+ (PCGS). CAC. Boldly to sharply struck with highly lustrous rose-gold surfaces, this premium quality example would do equally well in a Mint State type or date set. The Philadelphia Mint's output of double eagles in 1877 amounted to 397,650 circulation strikes, down considerably from the previous year. Face value equaled $7,953,000. Portions of this mintage were used in overseas banking transactions, mostly shipped starting in 1879. We estimate a Mint State population for the issue of 500 to 800 or so pieces, most of which grade MS-60 or MS-61. This rare MS-62+ represents the finest in quality realistically obtainable for this conditionally challenging issue, and it is sure to see spirited bidding among astute gold enthusiasts. Prior to World War II, most double eagle collections contained a circulated example of the date, a familiar scenario. Provenance: From the Fairmont Collection. PCGS Population: 9; 19 finer (MS-64 finest). PCGS# 8982. NGC ID: 26AY. Click here for certification details from PCGS.