1862 $20 MS(PCGS#8937)

Spring 2022 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

5395

等级

MS61

价格

320,943

详细说明

Key Date 1862 Double Eagle Extraordinary Mint State Preservation 1862 Liberty Head Double Eagle. MS-61 (PCGS). Offered is an exceedingly rare Mint State survivor of a low mintage double eagle issue that is scarce even in circulated grades. Attractively original, as befits the Fairmont Collection provenance, both sides exhibit warm, even coloration to lustrous surfaces. The strike is impressively sharp, and the eye appeal is truly exceptional for this challenging issue. After striking a record total of 2,976,453 circulation strikes in 1861, the Philadelphia Mint delivered just 92,133 double eagles for commerce in 1862. This marked reduction in output is a result of the suspension of gold specie payments by Northern banks in late 1861 due to the uncertain outcome of the Civil War. Most examples of this issue were used in export trade, and survivors are scarce, representing coins that have been repatriated in recent decades. The 1862 has never been represented in quantity in double eagle finds, although the treasure of the S.S. Brother Jonathanshipwreck yielded a single coin. Fewer than 350 coins are believed extant in all grades, and in Mint State the estimate dwindles to only 35 to 50 pieces with such coins enjoying particularly strong demand from discerning double eagle collectors. This Fairmont Collection specimen would serve as a focal point in the finest gold cabinet. Provenance: From the Fairmont Collection-Hendricks Set. PCGS Population: 5; 6 finer (MS-63 finest). PCGS# 8937. NGC ID: 269M. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA. Click here to see Coins in Motion.[“Coins]