Tag: gold

Just 1 Graded Higher – 1859 Liberty Double Eagle NGC MS61

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A low-mintage issue with a production of only 43,517 coins, the 1859 double eagle is a scarce issue that emerges as an important condition rarity in Mint State grades. Only 13 pieces are NGC and PCGS-graded MS60 or finer, and none have been examined at either grading service above MS62 (3/23). The 1859 has the lowest combined NGC and PCGS Mint State population of any Type One double eagle from the Philadelphia Mint aside from the 1861 Paquet rarity, and it boasts the 12th lowest Mint State population of all Type One double eagles. This lustrous orange-gold example shows grade-limiting marks but features a solid strike and excellent eye appeal. Rarely did an important collection from generations ago have a Mint State example of the 1859 double eagle. The NGC population is a mere 4 with 1 (MS62 example) graded higher.

Listed at $50,400 in the CDN CPG and $42,500 in the NGC price guide.

Offered at $43,600

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Rare 1925-D Saint Gaudens Double Eagle NGC MS64

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Although a large number of 1925-D’s were coined, most were put into storage and later melted. Research by Roger Burdette suggests that most of the surviving coins — about 1,000 pieces, per latest estimates — are from European hoards. As is typical for Saint-Gaudens double eagles supplied by overseas hoards, the population of Mint State 1925-D coins is fairly dispersed throughout the MS60 to MS64 grade range, but finer pieces are very rare. The NGC population is 87 with 13 graded higher.

Listed at $28,800 in the CDN CPG and $25,000 in the NGC price guide.

Offered at $25,600

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Rare 1885-CC Liberty Double Eagle NGC AU55

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The Carson City Mint saw double eagle production dwindle to just 9,450 pieces in 1885, down from 81,139 coins in 1884. That represented an 88% decline in the number of twenty-dollar gold pieces put out from one year to the next. This would also be the last year coins were struck in Nevada until 1889. The 1885-CC double eagle boasts a surviving population of a few hundred coins, perhaps 400 or so pieces by Rusty Goe’s estimate. The NGC population is 57 with 79 graded higher.

Listed at $30,600 in the CDN CPG and $36,500 in the NGC population report.

Offered at $29,500

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Rare 1926-D Saint Gaudens Double Eagle PCGS MS62

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The 1926-D Saint-Gaudens double eagle claims a more than adequate mintage of 481,000 pieces, but the issue is much more elusive than the production total suggests. In fact, the 1926-D was considered one of the rarest issues of the series when collecting double eagles first became popular, in the 1940s. Most of the mintage was held in Mint or Treasury vaults to serve as currency reserves until the Gold Recall of 1933 took effect. The coins in government storage were all melted and stored as gold bars at the Fort Knox Bullion Depository afterward. Fortunately, some of the coins were used to settle accounts in foreign trade before the Recall. A number of specimens were repatriated from foreign holdings after World War II, increasing the small supply for collectors. The 1926-D remains a scarce issue, however, especially in high grade. Roger W. Burdette estimates the surviving population at about 600 examples in all grades.

Listed at $24,000 in the CDN CPG and $30,000 in the PCGS price guide.

Offered at $22,900

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1865-S (“Brother Jonathan”) Liberty Double Eagle NGC MS63

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Listed at $16,800 in the CDN CPG and $20,000 in the NGC price guide.

Overloaded with heavy equipment plus more than 240 passengers and crew, the S.S. Brother Jonathan sank on July 30, 1865 off the coast of California near Crescent City, when it hit an uncharted rock in a fierce gale and heavy seas. A single lifeboat saved 11 crew members, plus five women and three children in California’s greatest maritime disaster. Also lost was a treasure of freshly minted gold coin intended as payments to government troops and Indian tribes.
Reportedly only 20% of the gold treasure was recovered in 1996 salvage operations, including 1,207 gold coins — primarily double eagles. More than 500 of those pieces were dated 1865-S, in conditions ranging from AU to MS66.

Offered at $16,400

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