1850 $20 MS62 NGC....

Description

1850 Double Eagle, MS62
Attractive First-Year Type Coin

1850 $20 MS62 NGC. The double eagle was authorized by the same legislation that created the gold dollar, the chief purpose of which was to supply the Mint with an efficient way to coin the large quantities of gold coming in from California. The San Francisco Mint was not yet in existence in 1850, and the majority of the mined gold ore was shipped to Philadelphia for coining. As a result, the Philadelphia Mint churned out an impressive mintage of more than 1.1 million double eagles during the first regular production year of the denomination. Many examples were saved of this first-year issue, but due to the high face value of the coins many saw light to moderate circulation before being plucked from commerce. Mint State survivors are scarce in all grades, but do not become truly rare until the MS63 grade level, where they are exceedingly so. This is a highly pleasing MS62 example, with radiant yellow-gold luster and sharp design definition. As the grade suggests, scattered abrasions are present, though they are minor and hardly inhibit the eye appeal. Census: 25 in 62 (2 in 62+), 13 finer (6/14).
From The Charles G. Wright Family Collection.(Registry values: N7079)

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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