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Extremely Rare Mint State 1853/2 Overdate $20

1853/2 $20 MS61 PCGS. Breen-7162. See the excellent close-up in Walter Breen's Complete Encyclopedia of United States Coins for the details of this overdate. Walter Breen claims discovery of this variety in January 1959, but it was not widely publicized until Ted Clark wrote about it in the January 7, 1981 issue of Coin World. The lower part of the diagonal of the previous 2 is visible within the lower opening of the 3. Minute traces of doubling is visible within the 5, but his is from a slightly different shaped 5, which Breen attributed to part of the 1852 logotype. A dull raised lump is visible beneath the R of LIBERTY. Short, nearly vertical file lines are visible at the border outside star 13. A few other file lines slant down to the right from the border near stars 1 and 2. The A of STATES has a broken and partially patched crossbar. All of these characteristics of the earliest die states identify this piece as the truly important overdate variety. This example is fully lustrous and quite well-defined. Slight weakness is visible within the hair on the obverse as almost always for the Type One Double Eagles. Stars 11, 12, and 13 are similarly weak with only partial central detail. All design elements on the reverse appear to be fully or almost fully defined. The surfaces have frosty yellow luster with a hint of green coloration. This is a splendid example that will delight even the most advanced collector. Prior to this offering, we had only handled two Mint State examples of this variety, one in our January 2004 FUN Auction and the other in our 2005 ANA Sale.(#8909) (Registry values: N7079) (NGC ID# 268M, PCGS# 8909)

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Auction Dates
September, 2005
Internet/Mail/Phone Bidders: 3
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