PCGS Auction Prices

1882-S Liberty Head Double Eagle. MS-62+ PL (PCGS).

Original Lot at Stack's Bowers

Lot #
8558
Grade
MS62+PL
Sale Price
$3,840.00

Auction Details

Firm Sale Type Name Date Notes Lot
Stack's Bowers Auction November 2019 Baltimore U.S. Coins Auction Nov-2019 1882-S Liberty Head Double Eagle. MS-62+ PL (PCGS). This beautiful rose-gold example is fully struck over the design elements with intense reflectivity in the fields. The San Francisco Mint coined 1,125,000 double eagles ($22,500,000 face value) in 1882, attesting to the fact that the demand for gold coins on the West Coast continued to be robust. Large numbers entered into the channels of commerce where they circulated until they were well worn; others were used in overseas trade. Back in 1982 David W. Akers regarded the true Uncirculated examples of the issue as "definitely scarce" and accounted for auction appearances of Mint State examples in scarcely more than 5% of the major auction sales he examined in his research. By 2004, when Q. David Bowers wrote his Guide Book of Double Eagles, the situation had changed, and Mint State examples were estimated to be in the hundreds rather than dozens. Current high-end estimates put the Uncirculated population in excess of 1,000 pieces, and MS-60 examples command prices close to the "type" level. Above the level represented here, however, the 1882-S is anything but a "type" coin; in fact, it is a significant condition rarity that is rarely encountered in today's market. As the only PL currently certified by PCGS, the coin offered here has much to offer the advanced double eagle enthusiast. PCGS Population: just 1 in all grades in the PL category. PCGS# 88998. Click here for certification details from PCGS.