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Lot
3114

1891-CC $20 MS62 PCGS....

2008 October Dallas, TX Signature US Coin Auction #1117

 
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Auction Ended On: Oct 24, 2008
Item Activity: 9 Internet/mail/phone bidders
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Heritage Auctions
3500 Maple Avenue
Dallas, TX 75219

Description:
Important MS62 1891-CC Twenty
1891-CC $20 MS62 PCGS. For Carson City gold collectors, 1891 most often signifies a common type coin; both half eagles and eagles saw their highest productions by far in that year, and for those denominations, the 1891 is the quintessential type issue. By contrast, the 1891-CC double eagle has a strikingly low mintage; at just 5,000 pieces coined, it was the second-smallest production for that largest denomination at Carson City, behind only the legendary 1870-CC, and it is easily the most elusive of the Type Three twenties struck at that Nevada facility.
This issue is highly elusive, and most survivors exhibit evidence of at least minor circulation. To quote Q. David Bowers in his Guide Book of Double Eagle Gold Coins, "Probably a thousand or two [examples] were exported, after acquiring light wear. Most of these are long gone, but a couple hundred or so have been returned in modern times, accounting for most of the available supply." Bowers continues to lavish praise on the issue, noting that it is in "fantastic demand" and highlighting its relative lack of auction appearances.
This gorgeous Mint State representative offers amazing eye appeal despite the wispy flaws on each side that preclude Select status. The luster is notably vibrant, with pale yellow-gold surfaces that show splashes of honey and orange. Crisp central detail and minimal alloy further supplement the eye appeal. One of just four MS62 pieces known to PCGS, and the combined certified population shows only one finer coin, an MS63 example (10/08).
From The Baltimore Collection.
(Registry values: N7079) (NGC ID# 26C3, PCGS# 9017)

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