In the world of rare coins, few coins have a backstory as exciting as the 1885-S Double Eagle. This $20 gold coin from the 19th century not only has historical value but is also linked to a scandal that makes it highly sought after by collectors. Known for its rarity and unique history, the 1885-S Double Eagle is truly a collector’s dream treasure.
What is the 1885-S Double Eagle?
The 1885-S Double Eagle is a $20 gold coin produced by the U.S. Mint in San Francisco in 1885. Part of the Double Eagle series, this coin was initially valued at $20, which was a significant amount of money back then. Double Eagles were used widely in the 19th century, particularly in the western United States, where they were popular for large transactions.
Why is the 1885-S Double Eagle Rare?
While most Double Eagles were common, the 1885-S Double Eagle is special due to limited production and the low survival rate of these coins. Many were melted down or lost over time. This scarcity makes it one of the rarest coins from the 19th century, and its connection to a scandal involving the U.S. Mint has only added to its allure.
The Scandal Behind the 1885-S Double Eagle
The 1885-S Double Eagle is linked to a scandal that took place at the U.S. Mint. A few officials were rumored to have kept several coins for themselves, bypassing regular procedures. This under-the-table handling made some of these coins rare finds for collectors, giving them a mysterious and intriguing background.
Value of the 1885-S Double Eagle Today
Because of its rarity and scandalous history, the 1885-S Double Eagle can sell for huge amounts. Some of these coins have sold for over $300,000 at auctions. Collectors are willing to pay such high prices not only because of its rarity but also because of its unique story, which adds significant value to the coin.
The 1885-S Double Eagle is more than just a gold coin; it’s a piece of American history tied to a fascinating scandal. Its rarity, historical significance, and unique story make it one of the most valuable coins for collectors. If you ever come across an 1885-S Double Eagle, you’re holding a treasure with a story that’s worth much more than its weight in gold.
1. Why is the 1885-S Double Eagle so valuable?
The 1885-S Double Eagle is rare due to limited production and a scandal, making it highly prized by collectors.
2. How much is an 1885-S Double Eagle worth today?
This coin can be worth over $300,000, especially if it’s in good condition or has a unique background.
3. What was the scandal behind the 1885-S Double Eagle?
Officials at the U.S. Mint allegedly kept some coins privately, bypassing regular procedures, which increased the coin’s rarity.
4. Where was the 1885-S Double Eagle minted?
The 1885-S Double Eagle was minted in San Francisco, noted by the “S” mint mark on the coin.
5. Can I still find an 1885-S Double Eagle?
Yes, but they are very rare and usually found in coin auctions or specialized dealers, where they sell for high prices.
