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1883 Liberty Head Double Eagle Obverse     1883 Liberty Head Double Eagle Reverse

$20 GOLD

PCGS No: 9099


Circulation strikes: 0
Proofs: 92

Designer: James Barton Longacre

Diameter: ±34 millimeters

Metal content:
Gold - 90%
Other - 10% 

Weight: ±516 grains (±33.4 grams)

Edge: Reeded

Mintmark: None (for Philadelphia) below the eagle's tail on the reverse

Images courtesy of Heritage Numismatic Auctions

The 1883 Double Eagle is an extremely rare Proof-only date with a mintage of a mere 92 coins.  This makes it almost as rare as the other two Proof-only dates: 1884 and 1887 (both of which are offered elsewhere in this sale).  Today, an estimated 15-20 examples exist.  PCGS has certified only five examples: 3 in PR-64, 1 in PR-65, and 1 in PR-65 Deep Cameo.  NGC shows 15 examples: 2 in PR-62 Cameo, 10 in PR-64 Cameo, 3 in PR-65 Cameo, 1 in PR-64 Ultra Cameo, and 1 in PR-65 Ultra Cameo. (We don’t believe the figure of 10 PR-64 Cameos for a second, suspecting that a large number of resubmissions account for the elevated number).

A new “high-water” price record for this date was achieved in January 2004, when the PCGS PR-65 Deep Cameo sold for $172,500!

Since 1994, collectors have had very few opportunities (approximately once a year) to purchase this elusive date.

The finest Proof example graded by PCGS is a single PR-65.

The finest Proof Deep Cameo example graded by PCGS is a single PRDC-65.

Significant examples:
Proof (illustrated above).  Ex - Trompeter collection

Sources and/or recommended reading:
"The PCGS Population Report, April 2004" by The Professional Coin Grading Service

"The NGC Census", April 2004 by the Numismatic Guaranty Corporation