Shocking Facts About the 1885-S Liberty Head Double Eagle Coin You Need to Know

The 1885-S Liberty Head Double Eagle is an important coin in U.S. history that collectors love. This guide will help you understand its background, design, and value. Whether you’re a new collector or just curious about this coin, this article will give you the information you need.

Background of the 1885-S Liberty Head Double Eagle

In 1885, the San Francisco Mint produced the Liberty Head Double Eagle, a $20 gold coin. However, gold and silver deposits at the mint decreased significantly that year, leading to a 25% drop in the number of double eagles made. Only 683,500 of these coins were minted, with most of them circulating in trade or being sent overseas to buy goods. Some were kept as reserves to back up gold certificates.

The Scandal at the San Francisco Mint

In the same year, a scandal broke out at the San Francisco Mint. A dishonest employee, working as a melter and refiner, created underweight gold bars. This meant they could steal leftover precious metal without getting caught. As a result, the Mint suspended its Superintendent, Col. E.F. Burton, and replaced him with Judge Israel Lawton. O.D. Munson, the assayer, was also replaced by J.W. Twiggs.

Market Data and Rarity

In 1982, coin dealer David W. Akers noted that only a few uncirculated examples of the 1885-S Double Eagle were available at auctions. The coin was rare in mint condition until many uncirculated pieces were returned to the market in the 1980s and 1990s. Since 2010, the number of high-quality coins graded MS64 or better has increased, thanks to the Fairmont Collection, a large group of classic U.S. gold coins sold by Stack’s Bowers.

In recent years, several noteworthy specimens have been auctioned, with prices reaching as high as $44,400 for top-quality pieces. The growing popularity of the coin means it can sometimes sell for impressive amounts, especially if they are in excellent condition.

Design Features of the Coin

Front (Obverse) Design

The obverse of the coin features a beautiful portrait of Lady Liberty. She faces left, wearing a coronet inscribed with the word LIBERTY. Around her are 13 stars, which represent the original colonies, and the date 1885 is placed below her portrait.

Back (Reverse) Design

The reverse of the coin displays a heraldic eagle in the center. It has a background of sunbeams and features 13 stars arranged in a semi-circle. The motto IN GOD WE TRUST is also included. Above the eagle, you can see the inscription UNITED STATES OF AMERICA and the denomination TWENTY DOLLARS. The S mintmark indicates that it was made in San Francisco.

Coin Specifications

Here’s a quick overview of the 1885-S Liberty Head Double Eagle specifications:

Conclusion

The 1885-S Liberty Head Double Eagle is a significant coin with a rich history. Its beautiful design and connection to American history make it a favorite among collectors. The events surrounding its minting, like the scandal at the San Francisco Mint, add to its intriguing story. As more high-quality examples return to the market, the interest in this coin continues to grow. Collectors should always seek expert advice when buying or selling to understand the true value of their coins.

This coin not only represents a piece of U.S. currency history but also showcases the craftsmanship of its designer, James Barton Longacre. Whether you are considering starting a collection or just learning about coins, the 1885-S Liberty Head Double Eagle is a fascinating topic to explore.

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