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Lot
5408

1852 $20 MS64 PCGS Secure. CAC....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 6 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:

Choice 1852 Liberty Double Eagle
Rare High-Grade Type One Twenty
No Finer Coins at PCGS
1852 $20 MS64 PCGS Secure. CAC. The 1852 Liberty double eagle claims a large mintage of slightly more than 2 million pieces, making it one of the more available Type One twenties and a favorite choice of type collectors. However, In high grade the 1852 is anything but common, as the entire mintage was released into circulation at the time of issue and no specimens were saved for numismatic purposes. While large numbers of some Type One dates were preserved through shipwrecks, like the S.S. Republic and the S.S. Central America, the 1852 was lightly represented in those finds. Approximately 130 examples of the 1852 were recovered from the two wrecks, but only about a dozen were of Mint State quality, none better than MS62.
Another possible source for 1852 double eagles was the Baltimore Hoard, found in the cellar of an old house in 1934 by two young boys who were digging under the floor. According to Q. David Bowers in American Coin Treasures and Hoards, 47 examples of the 1852 were included in that find. The latest date on any coin in the Baltimore Hoard was 1856, so the 1852 coins did not have much time to circulate before they were sequestered in the hoard. Doug Winter and Adam Crum indicate that some high-quality examples were recovered from this source. The Condition Census for the 1852 starts at the MS62 level, and we can account for just four different auction appearances of coins in Choice condition over the last two decades, with one example represented on two occasions.
The present coin is a delightful near-Gem, with vivid orange-gold surfaces that display highlights of rose. The design elements are sharply detailed throughout, with intricate detail evident on Liberty's hair. The surfaces radiate rich vibrant mint luster and are remarkably free of distractions. Eye appeal is terrific, to complement the high technical grade. This coin should find a home in the finest collection or Registry Set. Population: 4 in 64, 0 finer (6/12).
Ex: Rarities Sale (Bowers and Merena, 9/2008), lot 822, realized $35,650.(Registry values: N7079) (NGC ID# 268K, PCGS# 8906)

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