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Lot
1320

1876 $20 MS64 PCGS....

2009 August Los Angeles, CA US Coin Auction #1128

 
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Auction Ended On: Jul 31, 2009
Item Activity: 11 Internet/mail/phone bidders
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Location:

Hyatt Regency Century Plaza
2025 Avenue of the Stars
Los Angeles, CA 90067

Description:
Stunning MS64 1876 Double Eagle
1876 $20 MS64 PCGS. The U.S. Centennial year was the last year of production for the Liberty Head Type Two double eagle at the Philadelphia Mint. The following year saw the debut of the Type Three design, with the denomination on the reverse changed from TWENTY D. to TWENTY DOLLARS. The final Type Two mintage was a substantial 583,905 pieces. In Type II Double Eagles 1866-1876, authors Doug Winter and Michael Fuljenz discuss the availability of 1876 double eagles:

"The 1876 Double Eagle is common in circulated grades and in the lower Mint State grades as well. It becomes scarce in MS62, rare in MS63 and it is very rare in any grade higher than this."

Currently, no examples of this date have been certified above the MS64 level by either of the leading grading services (6/09). The feature which immediately stands out on the present coin is the fantastic display of color on each side. The attractive reddish, orange-gold color of the coin is interspersed by significant areas of beautiful lilac on both obverse and reverse. The strike is sharp, complementing the outstanding color to produce intense visual appeal. Just a few light handling marks on Liberty's cheek account for the borderline MS65 grade. Population: 17 in 64, 0 finer (6/09).(Registry values: N7079) (NGC ID# 26AV, PCGS# 8976)

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