1850 $20 MS62 PCGS....

Description

1850 Double Eagle, Impressive MS62
In-Demand First Year of Issue

1850 $20 MS62 PCGS. From 1849 to 1850 the total dollar amount of federal U.S. gold business strikes, all denominations, produced at the nation's mints rose from around $8.7 million to more than $10.1 million. Of that total, around $7 million was accounted for by the new double eagle denomination, struck in its first year at Philadelphia and New Orleans. The increase was due to the abundant gold supplies from California, which would not have an official federal mint for four more years. While there is no way of knowing for certain, the odds are great that most double eagles struck in this year are from California gold.

Despite a plentiful source of gold bullion and a mintage exceeding 1.1 million pieces, the 1850 double eagle is nonetheless rare in Mint State. The surfaces on this MS62 specimen are remarkably pleasing. Orange-gold fields and devices are overlaid with lilac highlights. The motifs are sharply struck throughout, save for slight weakness on the oval of stars on the reverse. A couple of moderate abrasions appear in the right obverse field. The overall luster glows softly, yet the fields are bright and this is an extremely impressive coin in all ways. The 1850 twenties are more elusive at this grade level than generally realized and they rare any finer. PCGS Population: 43 in 62 (3 in 62+), 17 finer (6/25).(Registry values: N7079)
From The Penny Arcade Collection.

Coin Index Numbers: (NGC ID# 268F, PCGS# 8902, Greysheet# 9785)

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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