1853 $20 MS62 NGC....

Description

1853 Twenty Dollar, MS62
Gold Rush-Era Condition Rarity

1853 $20 MS62 NGC. Due to heavy circulation of the new denomination, the early Philadelphia issues in the double eagle series are not as plentiful in Mint State as they should be with healthy seven-figure mintages, but they are more accessible in that condition than most other Type One issues except the high-mintage 1861 and the San Francisco dates recovered in quantity from various shipwrecks in recent decades. The connection of the 1850 to 1853 P-mint coins to the California Gold Rush further enhances their appeal among collectors. The San Francisco Mint was not completed until 1854. Until that time, freshly mined gold from the West Coast was boated to New Orleans and Philadelphia for coinage. Philadelphia double eagles struck with California gold from this period often have a bright yellowish hue. Such is displayed by the present 1853 coin. Lustrous surfaces exhibit minimal abrasions for the grade, and the strike is sharp throughout. The 1853 is a rarity in this grade, and finer coins are the subject of headlines when offered at auction. Census: 15 in 62, 4 finer (11/16).
From The Renz Family Collection of $20 Gold Coins.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 268M, PCGS# 8908, Greysheet# 9788)

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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