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Images courtesy of Heritage
Numismatic Auctions
Notes:
In
1887, Double Eagles were issued only as Proofs, to the tune of 121 coins.
While this is a relatively hefty mintage for the period, few of the
coins survived and demand today is huge from date collectors who
absolutely must fill that hole in their collection.
Breen
called this date “Very rare” and estimated the surviving population to
be from 20-25 examples, including “some impaired.”
Today, we have a clearer picture of how many are known thanks to the
PCGS and NGC census reports. For example, PCGS has graded 19 examples; NGC only 13.
Those graded by NGC range from PR-63 to PR-66, with the majority
appearing at the PR-64 level. The
range at PCGS is from PR-53 to PR-65, making the example offered here one of
the finest available to collectors.
The
price record for this date is $69,000 paid in January 2002 for an NGC PR-66.
The finest Proof examples graded by PCGS are 2 PR-65's.
Significant examples:
Proof (illustrated above).
Ex - Trompeter collection
Sources and/or recommended
reading:
"The PCGS Population Report, April 2004" by The Professional
Coin Grading Service
"The NGC Census",
April 2004 by the Numismatic Guaranty Corporation
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