
Coin collecting in America made a major bound forward during the 1870s and 1880s. These decades observed a time when coin collecting became more than just a hobby for the wealthy. It began getting a much wider audience, including the growing middle class. This rise in popularity allowed shape what would become an extremely rooted numismatic culture in the country.
The growth of the hobby during this time was helped by the formation of numismatic societies—clubs where collectors could meet, share, and learn. Introductory handbooks became widely available, making it easier for beginners to dive into the world of coins. Specialized publications and auction catalogs also started to emerge from famous coin dealers like John W. Haseltine and the Chapman Brothers. These steps made the coin market much more organized and affordable than it had been before.
Proof Coin Production: The 1882 Context
To give some perspective, consider the production numbers from the Philadelphia Mint. In 1870, the mint struck only 1,000 Indian Head Cent Proofs, but by the end of the 1870s, that number had grown to 3,955. Even though the Indian Head Cent had been diminished in size back in 1857, it still held significant purchasing power. In 1882, that one cent would be worth about 32¢ today, if adjusted for inflation.
Now compare that to the Liberty Head Double Eagle, a $20 gold coin introduced in 1850, during the height of the California Gold Rush. This coin had much greater value. Adjusted to today’s standards, that single Double Eagle would be worth $221.70—a hefty amount. That meant that, unlike cents or nickels, this coin was out of reach for most everyday collectors at the time. Only the wealthiest numismatists could afford to collect Proof versions of gold coins like this.
A Rare Beauty: 1882 Liberty Head Double Eagle Proof
In 1882, the U.S. Mint produced just 59 Liberty Head Double Eagle Proofs—a shockingly low number. Today, fewer than 20 of these coins are known to still exist, according to the combined census of grading giants CAC, NGC, and PCGS.
This makes any surviving 1882 Liberty Head Double Eagle Proof incredibly rare, and owning one is like holding a precious piece of American history. These coins weren’t just minted—they were carefully crafted to near perfection, intended for collectors and dignitaries rather than everyday commerce.
Now at Auction: A Gem-Level Example
One of the finest known examples of this ultra-rare coin is currently being offered by GreatCollections, a well-respected name in certified coin auctions.
This particular 1882 Liberty Head Double Eagle Proof is graded NGC Proof 65+★ Ultra Cameo. Let’s break that down:
- NGC (Numismatic Guaranty Company) is one of the most trusted grading authorities in the world.
- A Proof 65+★ grade means the coin is not only well-preserved but also carries superior visual appeal and high-end technical quality.
- Ultra Cameo (also known as Deep Cameo) describes the strong contrast between the frosted design and the mirrored background—one of the hallmarks of a premium-quality Proof coin.
Out of all the surviving 1882 Proof Double Eagles, only eight are known to feature the Ultra Cameo / Deep Cameo finish. This makes the coin offered by GreatCollections possibly the second-best-known example for this date.
Bidding Details and Auction Timeline
As of now, this highly sought-after coin has already attracted four bids, with the highest standing at $100,000. The auction is set to end on July 20, 2025, at 7:07 PM Pacific Time.
This is not just a chance to own a coin—it’s a chance to own a part of American numismatic history. For serious collectors or investors, this may be a once-in-a-lifetime opportunity.
GreatCollections: Trusted Name in Numismatics
GreatCollections has built a strong reputation for handling high-quality collectible coins. Over the years, the company has auctioned thousands of Lincoln Cents, including many that hold the top population spots in professional grading.
Their extensive online archive includes over 600,000 certified coins and notes that they have sold—each with professional grading, high-quality images, and final prices available to view. This archive is a valuable resource for anyone serious about coin collecting.
If you’re curious to explore past auctions or want to research trends in coin values, visit the GreatCollections Auction Archives for in-depth insights.
This incredible 1882 Liberty Head Double Eagle Proof is more than just a coin—it’s a treasure from a time when American coin collecting was beginning to blossom. With only a handful left in existence and just a few graded at this elite level, it stands as a shining example of American minting excellence.
Don’t miss your chance to place a bid on this ultra-rare piece of gold coin history.