1892 $20 Liberty Head Double Eagle NGC AU55 - Mintage 4,430!

This is a very rare coin, one that is seldom offered. Just 4,430 pieces of this date were struck at the Philadelphia Mint, a small mintage indeed. That tiny mintage was 3,040 less than the production of the previous year at the same mint. The 1892 mintage would remain the lowest of any date from that point onward of the double eagle until its end in 1933. Some of that 4,430 mintage were shipped to overseas banks, which explains most of the AU and mint state 1892 twenties that we have today in the 21^st century. NGC only graded 130 total pieces of the 1892 issue. Of those, there are 21 in AU55, with 68 finer. Collectors Universe prices this issue at $15,000 in AU55.

The Second Philadelphia Mint, where this great rarity was struck in 1892. Photo: wikipedia.