1858 $20 MS(PCGS#8923)

August 2020 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

1565

Grade

AU55

Price

4,080

Lot Description

1858 Liberty Head Double Eagle. AU-55 (PCGS). Blended reddish-rose highlights enliven otherwise warm honey-olive patina on both sides of this richly original example. Sharply defined overall with plenty of softly frosted luster remaining. The mintage for the 1858 double eagle was just 211,714 coins, down more than 227,000 pieces from the previous year's tally at the Philadelphia Mint. Face value for this elusive issue is $4,234,280. Even circulated examples are scarce for an 1850s double eagle, and we estimate that some 900 to 1,200 examples are extant. The present piece is superior for the assigned grade and would do justice to an advanced gold cabinet. PCGS# 8923. NGC ID: 2697. Click here for certification details from PCGS.