1862 $20 MS(PCGS#8937)

June 2018 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

196

等级

AU50

价格

132,565

详细说明

Elusive 1862 Double Eagle 1862 Liberty Head Double Eagle. AU-50 (PCGS). CAC. Light khaki-gold patina blankets both sides of this fully original, aesthetically pleasing example. Much of the original mint finish remains, as befits the assigned grade, the texture predominantly satiny yet with appreciable semi-reflective tendencies evident at direct lighting angles. Boldly to sharply defined from a well executed strike, and sure to catch the eye of advanced double eagle enthusiasts. After striking a record (for the era) 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# 8937. NGC ID: 269M. Click here for certification details from PCGS.