1892 Liberty Head Double Eagle. MS-60 (PCGS).Remarkably attractive for the assigned grade, both sides display deep, vivid rose-orange color. The surfaces are intensely lustrous with a delightful frosty texture to the design elements that contrasts pronounced reflectivity in the fields. Sharp striking detail and an uncommonly (at the certified MS-60 level) smooth appearance add to the appeal of this rare Type III double eagle.<p>Only 4,430 examples of this circulation strike issue were forthcoming from the Philadelphia Mint in 1892, a meager output by any standards. Amazingly, that small figure was up 3,040 pieces from that mints previous years mintage, but it would remain the lowest of any date from that point through the termination of the denomination in 1933. Some were used for overseas banking transactions, to which we owe most of todays AU and Mint State 1892 double eagles.<p>Only 150 to 250 or so circulated examples of this issue can be found today. VF and EF are the most frequently encountered grades, though patience will be rewarded with a nice AU. In Mint State our estimate dwindles to just 25 to 40 pieces, most of which are MS-60 to MS-62, as here. With strong eye appeal and impressive technical merits, this is a superior quality BU 1892 $20, and it will surely sell for a nice premium to a discerning double eagle specialist.PCGS# 9019. NGC ID: 26C5.PCGS Population: 10; 26 finer (MS-65+ finest).
