Did you know that one of the rarest and most valuable coins in U.S. history was born out of a scandal? The 1885-S Double Eagle, a gold coin minted in San Francisco, has a story unlike any other. Its fascinating history and rarity have made it a treasure for collectors worldwide. Let’s dive into what makes this coin so special!
What Is the 1885-S Double Eagle?
The 1885-S Double Eagle is a $20 gold coin minted in San Francisco in 1885. While millions of gold coins were produced during this era, only a small number of this specific coin have survived, making it extremely rare today.
The Scandal Behind the Coin
The 1885-S Double Eagle is tied to a minting scandal. In the late 19th century, some coins were taken directly from the mint and never circulated. These “unofficial” distributions left a limited supply for collectors, significantly raising the coin’s value over time.
What Makes It Valuable?
1. Rarity
Few 1885-S Double Eagles exist today, making them highly sought after by collectors.
2. Condition
Coins in excellent condition or those graded highly by professional services fetch higher prices.
3. Historical Significance
The scandal adds an intriguing story to the coin, increasing its appeal.
How Much Is It Worth?
The 1885-S Double Eagle’s value depends on its condition:
Average Condition: $10,000 to $50,000
Top Grade (Mint Condition): Over $100,000 at auctions
Collectors are willing to pay a premium for coins with historical and numismatic importance.
How to Identify the 1885-S Double Eagle
Mint Mark: Look for the “S” mark, which stands for San Francisco.
Date: Ensure the coin is dated 1885.
Weight and Composition: The coin should weigh approximately 33.4 grams and be made of 90% gold.
The 1885-S Double Eagle is more than just a coin—it’s a piece of history with a fascinating story. Its connection to a scandal, rarity, and exceptional value have turned it into a collector’s dream. Whether you’re a history buff or a coin enthusiast, this coin represents a unique blend of artistry and intrigue that captures the imagination.
1. Why is the 1885-S Double Eagle so rare?
Few were minted, and even fewer survived due to a minting scandal.
2. How can I check if I own an 1885-S Double Eagle?
Look for the “S” mint mark and the 1885 date. Consult a professional if unsure.
3. Is the coin made of pure gold?
No, it’s made of 90% gold and 10% copper for durability.
4. Where can I sell an 1885-S Double Eagle?
You can sell it to auction houses, coin dealers, or online platforms specializing in rare coins.
5. How much can I get for an 1885-S Double Eagle?
Depending on its condition, it could be worth $10,000 to over $100,000.
