1862 $20 AU58 NGC....

Description

1862 Twenty Dollar, AU58
Scarce Civil War Era 'Hard Money'

1862 $20 AU58 NGC. Paper currency was distrusted whether from the Union or Confederate side during the Civil War, a period when silver and gold coinage disappeared from circulation and double eagles were the preferred method of exchange in foreign trade. The 1862 Philadelphia mintage of 92,133 twenties circulated little in domestic commerce, making them scarce in all circulated grades and rare in Mint State. Most Uncirculated examples are European repatriates.

This lightly abraded near-Mint example was either preserved after brief circulation or, more likely, returned from European holdings. Vibrant orange-gold color and nearly full mint luster remains. Marks are primarily confined to field chatter, with a few small ticks on the cheek and a minor scuff near star 1. The strike is sharp with little or no discernible wear. Census: 17 in 58 (1 in 58 ★ ), 8 finer (11/17).(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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