From a tiny mintage of just 751 pieces, the 1885 Liberty double eagle is a rare issue in all grades today. The small mintage was a consequence of contemporary Mint policy, which sought to reduce production of double eagles and increase the circulation of the five and ten-dollar denominations. The Philadelphia Mint followed this policy for much of the 1880s, and small double eagle mintages were the rule, rather than the exception, during this time period. Jeff Garrett and Ron Guth discuss the 1885 double eagle in their Encyclopedia of U.S. Gold Coins:
“The mintage for the 1885 double eagle is among the lowest of all U.S. issues. Very few gold coins have a mintage below 1,000. It goes without saying that the date is extremely popular. The availability of Proof examples is the only thing keeping this issue from being extremely expensive. The Smithsonian lacks a circulation-strike example for this reason. It is estimated that there are fewer than 100 known in all grades.”
The NGC population is 6 with 31 graded higher.
Listed at $69,600 in the CDN CPG and $80,000 in the NGC price guide.
Offered at $63,300
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