1892 Liberty Head Double Eagle. AU-58 (PCGS).
Remarkably attractive surfaces deliver original color in deep, vivid honey-rose. Both sides are lustrous with a delightful semi-prooflike finish. Sharp striking detail adds to the appeal of this rare Type III double eagle. Only 4,430 examples of this circulation strike issue 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 double eagles. 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 provide a nice AU to those who desire one. In Mint State our estimate dwindles to just 25 to 40 pieces, most of which are MS-60 to MS-62. With undeniable originality and strong eye appeal, this is one of the finest circulated 1892 $20s obtainable, and it is sure to sell for a strong premium to a discerning double eagle specialist.
PCGS# 9019. NGC ID: 26C5.
PCGS Population: 23; 39 finer (MS-67 finest).
From the Fairmont Collection - CAG Set.

Estimate: $15000