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Lot
5123

1891 $20 AU58 PCGS....

2011 July Orlando Summer FUN Signature US Coin Auction #1157

 
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Auction Ended On: Jul 8, 2011
Item Activity: 9 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

1891 Business Strike Twenty, AU58
Just Outside the Condition Census
1891 $20 AU58 PCGS. The 1891 is in the second rarity tier for P-mint Liberty double eagles. It compares favorably to the 1859 in most grades, and it is more difficult to locate in high grades than the 1862, 1868, 1871, and 1873 Closed 3. There are probably only 35-45 individual examples known of this low-grade rarity. When this coin was last offered at public auction, there were no Uncirculated examples known, only rumored. Today there are 10 coins certified in mint condition (minus an uncertain number of resubmissions). The number of Uncirculated coins known today has not diminished the importance and desirability of this near-Mint coin, and it remains among the more fortunate survivors from this low mintage (1,442 piece) delivery, probably just outside the Condition Census. There are modest prooflike tendencies in the fields, but this feature is only visible at certain angles. (All 1891 business strikes show some degree of reflectivity.) The pinpoint striking definition and rich golden-rose color are, however, readily evident. This particular issue is usually found with heavy abrasions. However, on this example the scattered circulation marks are neither excessive nor sizeable, and the overall eye appeal is superior to that of most circulated 1891 double eagles.
Ex: January 1999 FUN Signature (Heritage, 1/1999), lot 8440, where it realized $12,650; Dr. Barry Southerland Collection/Philadelphia 2000 Signature (Heritage, 8/2000), lot 7508.
From The Jeepy-Louise Collection.(Registry values: N4719) (NGC ID# 26C2, PCGS# 9016)

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