1875 Liberty Head Double Eagle. MS-62 (PCGS).A smartly impressed and fully original example of this conditionally challenging design type in the Liberty Head double eagle series. Boldly to sharply defined throughout, the surfaces are softly frosted in texture with dominant rose-gold patina. A splash of reddish-russet color over the lower left reverse is noted. 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.
