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Lot
1905

1861 $20 MS64 NGC....

2009 December Houston, TX US Coin Auction #1132

 
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Auction Ended On: Dec 4, 2009
Item Activity: 7 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
Attractive 1861 Double Eagle, MS64
1861 $20 MS64 NGC. The large coinage of nearly 3 million double eagles in 1861 would be the last such for decades. On April 12, 1861, the Civil War began in earnest with the bombardment of Fort Sumter, South Carolina, and new Mint Director James Pollock would take over in May. Despite the large mintage, the 1861-dated double eagles were likely subjected, more so than most issues, to hoarding, speculation, exportation, and circulation as well, in the months leading up to the onset of war. Most of the certified examples at both services are circulated to greater or lesser extents. In MS64 this piece is one of 22 so graded at NGC, with 10 pieces finer (10/09). The apricot-gold surfaces of this attractive near-Gem are nearly free of distractions. The strike is sharp overall, but minor weakness appears at the upper obverse rim and in the lower reverse. A single tiny dark spot appears at the 1 in the date but is minor.(Registry values: N4719) (NGC ID# 269G, PCGS# 8932)

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