1881 Liberty Head Double Eagle. AU-58 (NGC).
Lustrous satin surfaces with sharp striking detail and charming light honey-orange patina. The 1881 inaugurates a run of (extremely) low mintage Liberty Head double eagles from the Philadelphia Mint that continues through 1887. A few of the dates in this run - 1883, 1884 and 1887 - are actually Proof-only affairs, while for the remainder the 1881 has the most generous delivery of 2,199 pieces. That this is a rare issue should be obvious even to the casual observer and, indeed, Q. David Bowers ( A Guide Book of Double Eagle Gold Coins, 2004) confirms this by providing an estimate of "no more than a few dozen" extant in all grades. Of the coins believed extant, EF-40 to AU-50 is the typical grade range, such pieces often heavily abraded. With the quality seen here, it is a significant highlight of the gold offerings in this sale, and will be a find for the advanced double eagle enthusiast.
PCGS# 8994. NGC ID: 26BC.
NGC Census: 9; 5 finer, (MS-61 finest).
Estimate: $80000
Price realized | 72'500 USD |
Starting price | 1 USD |
Estimate | 80'000 USD |