Stack's Bowers Galleries

Spring 2023 Auction  –  20 - 25 March 2023

Stack's Bowers Galleries, Spring 2023 Auction

Live Sessions: U.S. Coins and Currency

Part 1: Mo, 20.03.2023, from 6:00 PM CET
Part 2: Tu, 21.03.2023, from 4:00 PM CET
Part 3: Tu, 21.03.2023, from 11:00 PM CET
Part 4: We, 22.03.2023, from 4:00 PM CET
Part 5: We, 22.03.2023, from 9:00 PM CET
Part 6: Th, 23.03.2023, from 5:00 PM CET
Part 7: Th, 23.03.2023, from 7:00 PM CET
Part 8: Fr, 24.03.2023, from 5:00 PM CET
Part 9: Fr, 24.03.2023, from 10:00 PM CET
The auction is closed.

Description

1881-S Liberty Head Double Eagle. MS-62 (PCGS).
A superior example with strong eye appeal and technical quality. All devices are incredibly sharp and blanketed in rich, frosty mint luster. Overall golden-wheat color is accented by warmer rose-apricot toning. The West Coast mint reported a mintage of 727,000 double eagles in 1881, and it is likely that most of the mintage entered the channels of commerce and remained there until the average grade was only in the VF to EF range. Other pieces were likely reserved in banks and Treasury vaults for the redemption of Gold Certificates. Q. David Bowers in his 2004 Guide Book of Double Eagle Gold Coins estimates an Uncirculated supply of 500 to 750+ pieces. This estimate is a little on the low side relative to modern combined PCGS and NGC population statistics (even taking into consideration the likelihood of resubmissions), but even so it represents a large increase in available supplies since the early 1980s. Obviously many examples have been repatriated from foreign bank reserves in recent years, a familiar story in the Liberty Head double eagle series. With most survivors grading no finer than MS-62, this beautiful nearly Choice Uncirculated example represents outstanding value for the astute double eagle collector.
PCGS# 8995. NGC ID: 26BD.
From the Fairmont Collection - CAG Set.

Estimate: $6500

Question about this lot?

Bidding

Price realized 6'000 USD
Starting price 1 USD
Estimate 6'500 USD
The auction is closed.
Feedback / Support