1904 Liberty Head Double Eagle. MS-65 (NGC). CAC. This is a beautiful premium Gem that would do justice to the finest type or date set. Dazzling golden-wheat hues are complemented by a dusting of original patina. The surfaces remain smooth and nicely untroubled, with particularly radiant luster on the reverse. Libertys portrait is impressively sharp and approval by CAC confirms the superior quality. <p>The 1904 is far and away the most common Liberty Head double eagle of any type in todays market. The mintage of 6,256,699 circulation strikes is the highest in the series and, even more importantly, most of these coins appear to have been used in international commerce. Any coins that remained within the borders of the United States would have been melted by the late 1930s, if not earlier, and the 1904 would be much scarcer in numismatic and investment circles. Gold coins did not circulate within the United States during the early 20th century except for in isolated areas of the West, and the output from the San Francisco Mint easily met that need. </p><p>Given the multitude of 1904 double eagles extant, the vast majority of the mintage was clearly exported to England, France and other countries, where the coins remained until repatriated beginning in the mid to late 20th century. This issue is obtainable with ease in grades up to and including MS-64, though finer examples can only be described as scarce. At the present MS-65 (NGC) CAC grade level, however, the conditionally rare nature of both the issue and the type come readily to the fore. Simply a delightful coin, we anticipate strong bidder competition for this fresh offering.</p> From the Dr. Paul and Rosalie Zito Collection. Acquired October 5, 1995.
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