1864 $20 MS(PCGS#8941)

August 2023 Global Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

1349

Grade

AU55

Price

15,600

Lot Description

1864 Liberty Head Double Eagle. AU-55 (PCGS). Warm honey-rose surfaces are attractively original in preservation. Lustrous throughout with bold to sharp detail to all design elements. Federal records report that 204,235 circulation strike double eagles were coined at the Philadelphia Mint during 1864, and due to the continued problem with hoarding - which lasted until late December 1879 - none were used in regular day-to-day transactions in the eastern half of the United States. It seems that many were exported, and to the extent that this happened, most were likely melted into bullion, as examples have not turned up in European bank hoards to any great extent. We estimate a surviving population of between 300 to 450 pieces, most of which grade VF or EF. This Choice About Uncirculated example is particularly attractive with much to offer the discerning gold enthusiast. Provenance: From the Fairmont Collection - Rhone Set. PCGS# 8941. NGC ID: 269S. 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.