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Description

Low Mintage, High Grade 1871 Twenty, MS62
Ex: Norweb

1871 $20 MS62 PCGS. Norweb. The 1871 is a low-mintage Type Two twenty with a production of only 80,150 pieces. It is also one of the best produced of all Type Twos. When Breen published his Complete Encyclopedia in 1988 he tersely stated: "Unobtainable Unc." In November of that same year the Norweb 1871 was offered at public auction and brought a remarkable $9900. In the Norweb catalog it was speculated this might be a coin that was set aside by the Assay Commission--that is how rare Uncirculated examples were of this date. Since that time a small number have surfaced and been certified by PCGS and NGC. From these few Uncirculated coins seen it is now known that there are two different finishes, one frosted and the other semiprooflike. This is definitely in the latter category with moderately reflective fields. As with many higher grade 1871s seen, this piece is fully defined. A few grade-limiting slide marks are seen over the high point of Liberty's face and in the left obverse field, but otherwise there are no defects that are worthy of individual mention. Deep reddish-gold color covers both sides of this exceptional Type Two issue. Population: 4 in 62, 3 finer (11/08).
Ex: Peake Collection (New Netherlands, 6/1955), lot 28; Norweb III (Bowers and Merena, 11/1988), lot 4000.(Registry values: P6) (NGC ID# 26AA, PCGS# 8960)

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Auction Dates
January, 2009
7th-11th
Internet/Mail/Phone Bidders: 8
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