1862 $20 AU50 NGC....

Description

1862 Double Eagle, AU50
Elusive Civil War Issue

1862 $20 AU50 NGC. Orange-gold surfaces contain hints of steel-gray in the protected areas. A few minor marks below the chin and on the neck represent the only visible abrasions on the obverse, and the reverse contains an old nick left of the R in AMERICA. However, these are all mentioned solely for completeness.
     The 1862 double eagle is an elusive Civil War-era issue. The mintages of all gold denominations took a nosedive in this year due to the suspension of specie payments at the end of 1861, brought on by the uncertainty caused by the prolonging of the Civil War. However, the double eagle's drop was lesser, as it was still needed for foreign transactions. As such, most examples are known in VF or XF grades, lower than the smaller gold denominations of this year.(Registry values: N2998)

Coin Index Numbers: (NGC ID# 269M, PCGS# 8937, Greysheet# 9799)

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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