1863 $20 MS(PCGS#8939)

1863 $20 MS (PCGS#8939)

Winter 2022 U.S. Coins Auction

Lot Description: Delightful Mint State 1863 Double Eagle Rare and Desirable 1863 Liberty Head Double Eagle. MS-61 (PCGS). A wonderfully original example with handsome honey-gold and warm rose color on lustrous surfaces. Bold to sharp striking detail is also notable, as is an appearance that is uncommonly smooth for both the issue and the assigned grade. Outstanding! The Philadelphia Mint produced just 142,790 circulation strike double eagles in 1863. Due to hoarding, the issue did not circulate in the East or Midwest. Gold coins were available only by paying a sharp premium for them. It is likely that many double eagles of this era were exported and melted at their destination, as Uncirculated examples have not turned up in European bank hoards to any great extent. In fact, many of the 50 to 55 Mint State pieces believed extant have been recovered from the wreck of the S.S. Republicby Odyssey Marine Exploration. Given that this is scarce even in circulated grades (Bowers, 2004, accounts for just 200 to 300 worn examples), the opportunity to acquire this premium MS-61 deserves serious bidder attention, especially since it not a shipwreck find. As such, here is an extraordinarily rare Mint State 1863 double eagle. Provenance: From the Fairmont Collection - CBL Set. PCGS Population: 12; 12 finer (MS-64 finest). PCGS# 8939. NGC ID: 269P. Click here for certification details from PCGS.