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Lot
4009

1891 $20 AU53 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: May 1, 2009
Item Activity: 7 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Rare 1891 Liberty Head Twenty, AU53
1891 $20 AU53 PCGS. Only 1,390 business strike Type Three Liberty Head double eagles were coined at the Philadelphia Mint in 1891. Few coins were saved at the time of issue, as most advanced collectors simply purchased a proof from the Mint. Experts estimate a surviving population of approximately 100 examples in all grades today. An early auction appearance was in the Palace Collections of Egypt (Sotheby's, 2/1954), lot 183, where the coin was sold as part of a group lot with 35 other double eagles.
The coin offered here is sharply struck and shows minimal wear on the coronet and shield. The fields exhibit a typical number of abrasions for the grade, and touches of green and blue color enhance the top of the reverse. Population: 5 in 53, 19 finer (3/09).(Registry values: N4719) (NGC ID# 26C2, PCGS# 9016)

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