The 1880 double eagle gold coin, commonly known as the $20 gold piece or the "Liberty Head" double eagle, holds significant value in the numismatic market. Here's an estimation of its worth:
Gold Value:
The coin is composed of 90% gold and 10% copper, with a total weight of 33.44 grams. Based on the current spot price of gold, the intrinsic or melt value of the coin is approximately $1,900 - $2,000.
Numismatic Value:
While the gold value alone can be substantial, the numismatic value of the 1880 double eagle adds to its worth. Factors such as rarity, condition, and historical context play a significant role in determining its numismatic value.
- Rarity: The mintage of the 1880 double eagle was relatively low compared to other years. Only 2,960,000 pieces were minted, making it a rarer and more desirable coin among collectors.
- Condition: The condition of the coin greatly impacts its value. Coins graded by reputable third-party grading services such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC) are more sought after and command higher premiums.
- Historical Significance: The 1880 double eagle is part of the Liberty Head series, which began in 1849 and concluded in 1907. They hold historical significance as they were widely circulated during the expansion and industrialization of the United States.
Value Ranges:
Based on these factors, the numismatic value of the 1880 double eagle can vary greatly depending on its condition and specific characteristics. Here's a general estimation of its value range:
- Common Date in Circulated Condition: An 1880 double eagle in circulated condition, with noticeable wear and tear, can be worth anywhere between $1,200 to $1,500.
- Higher Grade Uncirculated Condition: An 1880 double eagle in uncirculated condition, with no significant marks or wear, can fetch prices ranging from $2,000 to $5,000 or even higher.
- Rare Varieties and Proofs: Certain varieties and proof coins can command significantly higher prices. For instance, the "Prooflike" variety, which exhibits a mirror-like finish, can be valued in the range of $15,000 to $25,000.
It's important to note that the actual market value of the 1880 double eagle may differ based on market conditions, demand from collectors, recent auction prices, and the overall rarity of the specific coin. Consulting with experienced numismatists, reputable coin dealers, or auction houses can provide a more accurate estimate of its worth.