1851 $20 MS62 PCGS....

Description

1851 Double Eagle, MS62
Scarce Issue in Mint State

1851 $20 MS62 PCGS. With copious supplies of gold bullion flowing in from California, a huge mintage of more than 2 million double eagles was achieved at the Philadelphia Mint in 1851. The great majority of these coins was released into circulation, with the resulting attrition radically reducing the supply of this early twenty. The issue is reasonably available, but not as common as the large production would indicate. High grade examples are quite rare.
If not for its presence in ship wreck finds (S.S. Central America and S.S. Republic), the date would be even more elusive. The 1851 was also present in the Baltimore Hoard of the 1930s, as evidenced by lot 2729 of the Wendell C. Foster Collection (Elder, 6/1935). The Foster sale showcased many dates found in the famous "Treasure in the Cellar" located by two teenage boys at the height of the Depression.
The surfaces of the present coin display a subtle green-gold color, with complete mint luster over both sides, including the exposed areas of the fields. A few field marks and luster grazes are all that prevent an even higher grade. Population: 58 in 62, 14 finer (3/10).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 268H, PCGS# 8904, GSID# 9786)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Melt Value: $1,129.07
Gold Spot: $1,167/oz (04-29-2010)
Mintage: 2,087,155

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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