1875 Double Eagle

The 1875 is among the more common Philadelphia Type Two Double Eagles. Along with the 1873 Open 3 and the 1876, the 1875 is very popular as a type coin. It is among the first issues which Type Two date collectors obtain as well.
This is typically a well struck coin. As with the majority of Type Two Double Eagles, the 1875 tends to show incomplete detail on the hair of Liberty. The rest of the hair’s centers and the peripherals are found with sharp, clear details. Most 1875 Double Eagles are very heavily abraded. Probably, many examples of this date never saw actual circulation. Instead, they were shipped from the Philadelphia Mint to various banks in America and overseas. In the process, they acquired a host of bagmarks. The luster on most 1875 Double Eagles is excellent with a rich, frosty texture. A few Prooflike coins are known and these are scarce. The coloration of 1875 Double Eagles ranges from rose-green to orange-gold. Many uncleaned higher-grade examples show very nice coloration. It is possible to find an 1875 Double Eagle with good eye appeal although most examples are liberally marked.
1875 Double Eagle: The ‘Canceled Obverse’ Variety
A very interesting die variety exists for this date. A small number of pieces show what appear to be cancellation marks through the designer’s initials (J.B.L.) which are located on the base of the neck of Liberty. It is not known exactly why these marks exist although it has been surmised that they may have been placed there out of spite or jealousy by another Mint employee. The ‘canceled obverse’ 1875 Double Eagle is rare and often sells for a substantial premium.