1875 Liberty Head Double Eagle. MS-62 (PCGS).Vivid deep rose patina blankets both sides, the surfaces further adorned with thick, billowy mint frost. Razor sharp striking detail and uncommonly smooth surfaces for the assigned grade further enhance this coins appeal. 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.
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