1862 $20 MS(PCGS#8937)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

拍卖行

Stack's Bowers

批号

1340

等级

AU50

价格

106,726

详细说明

Scarce AU 1862 Liberty Head Double Eagle 1862 Liberty Head Double Eagle. AU-50 (PCGS). CAC. A blend of pale yellow and reddish-bronze tones dominate the complexion of this wonderfully original specimen. The vulnerable regions show just faint evidence of handling, with considerable satiny luster still remaining in the fields and within the devices. Trivial bagmarks are visible beneath Liberty's chin but the surface are otherwise smooth and without notable imperfections. This piece is an important survivors of this low-mintage issue, and PCGS has certified just 35 examples finer in all grades up through MS-63. 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, survivors scarce and representing coins that have been repatriated in recent decades. The 1862 has never been represented in quantity in double eagle finds, however, an example being the treasure of the S.S. Brother Jonathanshipwreck that yielded just a single coin. With fewer than 300 coins extant in all grades, this exceptionally attractive AU clearly represents a significant offering for one of the rarest Philadelphia Mint double eagles of the Type I Liberty Head design. Provenance: From the Fairmont Collection. PCGS Population: 15; 35 finer through MS-63. PCGS# 8937. NGC ID: 269M. Click here for certification details from PCGS.