1859 $20 MS(PCGS#8926)

Spring 2023 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

5289

Grade

AU55

Price

18,000

Lot Description

Low Mintage 1859 Double Eagle 1859 Liberty Head Double Eagle. AU-55 (PCGS). This 1859 double eagle offers superior Choice AU quality for an elusive and conditionally challenging issue. Bordering on AU-58, both sides are awash in vivid and richly original color with abundant mint luster. Impressively sharp overall. With just 43,597 circulation strikes produced, the 1859 has the second lowest mintage among Philadelphia Mint double eagles of the Type I Liberty Head design. Douglas Winter and Adam Crum (An Insider's Guide to Collecting Type I Double Eagles, 2002) mention just three or four Uncirculated coins that surfaced during the late 1990s. Obviously, the 1859 has not benefited from any shipwreck or similar finds that increased the availability of issues such as the 1857-S and 1865-S. Only 350 or so coins are believed extant, most of which are in circulated grades such as VF and EF. Mint State survivors remain of the utmost rarity, with premium Choice AUs only marginally less rare. This coin from the extensive Fairmont holdings is one of our most important and desirable offerings for this underrated issue in recent years. Provenance: From the Fairmont Collection - CAG Set. PCGS Population: 21; 26 finer, 5 of which are Mint State (MS-62 finest). To view all items From the Fairmont Collection - CAG Set click here. PCGS# 8926. NGC ID: 269A. 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.