1877 $20 MS(PCGS#8982)

Winter 2022 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

7361

Grade

MS63

Price

12,000

Lot Description

Significant Choice Uncirculated 1877 $20 Popular First Year Type III Issue 1877 Liberty Head Double Eagle. MS-63 (PCGS). Sharply to fully struck overall, this vivid medium gold example also exhibits intermingled pinkish-rose highlights that add further appeal. Fully lustrous with impressively smooth surfaces for both the issue and the assigned grade. The Philadelphia Mint's output of double eagles in 1877 amounted to 397,650 circulation strikes, down considerably from the previous year. 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 750 to 1,000 or so pieces, most of which grade MS-60 or MS-61. Given that prior to World War II most double eagle collections contained a circulated example of the issue, the opportunity to acquire this premium quality Fairmont Collection specimen deserves serious consideration. Provenance: From the Fairmont Collection - CBL Set. PCGS Population: 20; 2 finer (both MS-64). PCGS# 8982. NGC ID: 26AY. Click here for certification details from PCGS.