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Lot
8460

1859 $20 MS62 NGC. The 1859 is the fourth rarest Type One ...

2004 July New York, NY Signature Sale #320

 
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Auction Ended On: Jul 21, 2004
Item Activity: 5 Internet/mail/phone bidders
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Location: New York, NY
Description:
Probable Finest Known 1859 Double Eagle, MS62
1859 $20 MS62 NGC. The 1859 is the fourth rarest Type One double eagle struck in the Philadelphia Mint. Of the 200-225 pieces known in all grades, only 4-6 coins are believed extant in mint condition. The 1859 also has the second lowest mintage figure of all Type One P-mint twenties with only 43,597 pieces produced. As with all known high grade (AU and better) 1859 twenties, the stars on the left side of the obverse are weakly struck. However, the design elements are well impressed elsewhere. With the possible exception of the 1866-S No Motto, the 1859 is the most difficult No Motto twenty to locate with choice surfaces, and almost all known examples are extensively abraded. This coin does show several more obvious marks on the left side of the obverse, but the remainder of the coin is remarkably clean for the issue. This is most likely the finest example known of this rarity with none finer at either of the major services and none equal in grade (3/04). (#8926) (Registry values: N1) (NGC ID# 269A, PCGS# 8926)

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