History, Information, and Value of 1882 Gold Liberty Double Eagle
Value of 1882 $20 Double Eagle
Bold striking detail is the norm for this issue, although all known examples display a touch of softness on the reverse at the eagles head and the top of the shield. The finish is fully prooflike, in keeping with the limited press run, and with most survivors displaying relatively few significant abrasions, it is likely that the 1882 double eagles saw limited commercial use. This is an exceedingly rare date in circulation strike format, and it is likely that no more than 25 or 35 examples are extant. In fact, the 1882 has one of the lowest mintages of any classic U.S. Mint gold coin, and it is the rarest circulation strike Liberty Head double eagle from the Philadelphia Mint after the 1861 Paquet Reverse. Most survivors are lightly circulated and grade EF or AU. Mint State coins are all but unknown, PCGS and NGC combined reporting fewer than five grading events in the MS-60 to MS-62 range. One of the finest known is the Dallas Bank Collection specimen auctioned in October 2001 by Stacks and Sothebys and since certified MS-61 by PCGS. Also a legendary rarity in Proof format, the 1882 has an extant population of approximately 15 coins from a mintage of 59 pieces.