1875 Liberty Head Double Eagle. MS-62 (PCGS).With a sharp strike, full frosty luster and splendid golden-rose patina, this is a highly desirable Mint State example of the conditionally challenging Type II Liberty Head double eagle. The Philadelphia Mint produced 295,720 circulation strike double eagles in 1875, a number that was down somewhat from the tally of the preceding year. The face value amounted to $5,914,400. Much of the mintage was sent overseas in commercial banking transactions. We estimate that some 1,000 to 1,500 Mint State examples are extant, mostly in lower grades through MS-62. Most of these coins are from foreign bank hoards repatriated in the late 20th century, providing opportunities for todays Mint State type and date collectors that did not exist for earlier generations of numismatists.From the Fairmont Collection.
