1862 $20 MS(PCGS#8937)

May 2019 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1188

等级

XF45

价格

62,184

详细说明

Significant 1862 Double Eagle Rarity 1862 Liberty Head Double Eagle. EF-45 (PCGS). An attractive high grade circulated survivor of this elusive Civil War era issue. Bathed in warm honey-gold patina, both sides are boldly defined overall with appreciable remnants of frosty mint luster. 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 350 coins believed extant in all grades, this exceptionally attractive Choice EF 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: 16; 53 finer, just 12 of which are Mint State (MS-63 finest). PCGS# 8937. NGC ID: 269M. Click here for certification details from PCGS.