Coagman

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  1. I agree that a PL double eagle set would not be nearly as popular as the Morgan dollar series with that designation, however, with the popularity of PL doubles eagles there would likely be some collectors who want to display these coins even if they can't complete an entire set. In fact, I can think of less than a dozen collectors all time who have completed the entire double eagle series (minus the 1861 Philadelphia Paquet issue), so completion shouldn't be a requirement. NGC has had a long standing thread asking for suggestions on new Registry sets, and currently there are over 78,000 for US coins with many more foreign coin sets. To me, this doesn't seem to be an outlandish request to have a Registry set featuring PL doubles eagles
  2. Thanks for the responses. In another series (Morgan Dollars, PL and DPL Only), NGC offers a Registry category with only PL and DPL coins allowed (see link below), though clearly there are more Morgan collectors than double eagle collectors. http://www.ngccoin.com/registry/competitive/united-states/dollars/146/1/ NGC, until recently, has had a distinct advantage over PCGS by designating worthy coins as PL/DPL. This advantage could be leveraged through their Registry program. PCGS offers multiple Morgan Dollar sets in which only PL and DMPL coins are allowed. I wonder whether PCGS will be adding PL/DMPL sets in other coin series now that they have opened the designation to all coins. physics-fan3.14 – Nice PL Double Eagle. Here is another of the same date.
  3. Five years ago, I made a request to NGC to consider adding a new Competitive US Coins Registry set for Prooflike (PL) Double Eagles. At that time, NGC politely responded that “this type of set is more appropriate for a Custom NGC Registry Set.” Over the past five years, Double Eagles designated as PL (and DPL) have gained in popularity, and the prices of these PL coins have increased significantly compared with similar coins not designated PL by NGC. A few examples of recent sales of PL double eagles are listed below. Virtually all of these coins would have sold within a few hundred dollar of melt value had they been typical non-PL examples. 1907-D $20 MS63PL $4110 (Great Collections, June 2019) 1890 $20 NGC MS60PL $4800 (Heritage June 2019) 1872-S $20 NGC AU58PL $6600 (Heritage April 2019) 1873 $20 Open 3 NGC MS60PL $4080 (Heritage, April 2019) 1880 $20 NGC AU55PL $4560 (Heritage, April 2019) 1897 $20 NGC MS62PL $4320 (Heritage, April 2019) 1893 $20 $20 NGC MS63 $3583 (Stack's Bowers, Feb 2019) I propose a new Registry category of Prooflike Liberty Head Double Eagles, Type 3, 1877-1907. A vast majority of Type 3 Double Eagle dates/mints have examples designated as PL, although in some cases there are only a limited number available. Prooflike examples are not available for most Type 1 and Type 2 Double Eagle dates/mints, so I recommend limiting the set to only Type 3s. I would be interested in hear what other forum members think about this suggestion. NGC--Thanks for your consideration of this request.
  4. Here is an 1895 $10 graded NGC MS62 PL with CAC approval. The reverse is especially nice for a 62. I hope we can keep with thread going...
  5. Thanks to Kmag, Walkerfan, BillJones and Numisport for their guesses. For Coins #1-4, all guesses were within 1 point of the actual grade assigned by PCGS which was MS63 for Coins #1-4. The guesses on coin #5 were way off. Coin #5 is very puzzling to me, PCGS gave it a grade of MS62, so it is lowest graded among the group. This 1889 $20 has fewer marks compared with the others and the eye appeal is exceptional in my opinion. I think this coin is at least MS63+ or MS64, especially when you compare it to coins of this date in 63 holders. There are no hairlines or evidence of cleaning or processing. The surfaces have a mellow appearance with underlying luster, but not the bright monochrome look of a dripped coin. There are a few areas of discoloration on the obverse around 12 to 1 o’clock, and a small reeding mark near the cheek that is very small by double eagle standards, however, marks of this size are common on MS65 twenties. I captured several images of the coin and the holder, see below. I have feeling this example will be not be in a 62 holder for long.
  6. Any other guesses? I’ll post the grades on Sunday evening.
  7. Of the five 1889 double eagles shown below, four have the same grade while one was graded differently from the others. Which one is different? What are the grades? Hint: All coins were graded in the mint state range. Coin#1 Coin #2 Coin #3 Coin #4 Coin #5
  8. Skyman—What a nice example of a circulated Type One Double Eagle! I love the original surfaces without any major distracting marks. Many twenties with this look were cleaned-up and now reside in AU holders. Congratulations!
  9. As always, thanks for the report and all of the great photos.
  10. Hi Mike, I am happy to read that you found my comments useful. I find the story of the Fort Capron Treasury hoard interesting and for me it enhances the fun of owning such a coin, even if it can’t be definitely traced to the hoard. I once owned an 1856-S $20 with saltwater surfaces. Like your coin, it had the same matte-like granular surface texture and was free of bag marks and abrasions. I am somewhat surprised that these coins are not more in demand considering the popularity of the gold coins from the 3 major shipwrecks. The large date variety makes up approx 15% of 1854 double eagles, and the differences between the small and large date variety can be challenging to distinguish if you don’t have a lot of experience with the series. Your coin appears to me to be the small date variety. It is also missing two of the identifiers found on the large date variety. Sorry to be the bearer of this bad news, but it is still a cool coin.
  11. Hi Michael, Welcome to the forum and congratulations on having the rarer large date variety of 1854 double eagles. If your coin had come back MS62, it would have been one of the top 4 coins graded between both services and could likely sell for more than $50K. Many of the gold coins from the major shipwrecks, ie, SS Republic, SSCA, and Brother Jonathan, were still gradable and most reside in problem free holders. There are some Yankee Blade 1854-S doubles eagles that are in holders labeled “salt water unc” though most/many are now in problem-free holders, though surface granularity is evident on close inspection. This is speculation on my part, but the source of your coin, may be from the Fort Capron hoard. This lesser known shipwreck occurred off the coast of Florida in 1857. It was reported to contain 1854 double eagles, though the number of large date examples is not known. Unfortunately, the saltwater damage is irreversible, and the surfaces cannot be repaired and the luster cannot be restored. It would be extremely unlikely that the provenance of your coin could be identified, especially if it is from the Fort Capron hoard since those coins were found in the 1960 and most were sold secretly. You mentioned the label states, H20 Dam(aged), which is more interesting than being cleaned. Do you have any images of the coin that you can post?