1893 Liberty Head Double Eagle. MS-64+ (PCGS). CAC.This is an exceptionally well preserved, highly attractive example of an otherwise readily obtainable 1890s double eagle issue. Razor sharp in striking detail with bountiful mint frost, both sides are further adorned with vivid rose-gold patina. The mintage for this issue is 344,280 coins, up some 340,000 pieces from the low of the preceding year at the Philadelphia Mint. Face value amounted to $6,885,600. Perhaps 6,000 to 10,000 or more Uncirculated examples of the date are available today. Most are MS-60 to MS-63 with limited examples in basal MS-64 and just a handful finer. In 1982 David W. Akers recorded that he had never found an auction record for a Mint State example of this issue prior to 1965. This variety was VF and EF in most collections formed before the mid-1960s.pThe Panic of 1893 caused problems nationwide. The migration of double eagles to foreign countries increased. Treasury reserves were very low and, while undoubtedly a problem for the nation at the time, mass exports laid the groundwork for later repatriations that have provided many of the Mint State Liberty Head double eagles in todays market.From the Fairmont Collection.
