1862 $20 MS62 NGC....

Description

Elusive 1862 Double Eagle, MS62
Ex: S.S. Republic

1862 $20 MS62 NGC. Ex: S.S. Republic. The mintage of double eagles in 1862, at 92,133 coins, was a meager 3% of 1861's large total, 2.9 million pieces. As the bloody news of horrific Civil War battles spread and doubt increased over the North's ability to quell the conflict, the Mint's outputs plunged as it became obvious that no amount of coinage production could prevent hoarding. The few early collectors preferred proof coinage to business strikes, and the small number of business strikes that did circulate saw extensive circulation. Some of the few Mint State pieces known derive from nine coins, some Uncirculated, found on the wreckage of the S.S. Republic. The 1862 today is among the rarest Type One double eagles.
This piece has a few scattered abrasions, mostly light, that account for the grade. The strike is nearly full, however, and there are no overt abrasions on the appealing yellow-gold surfaces. The fields are bright and semiprooflike, evenly matched on each side. This piece is one of only three MS62s certified at NGC, with three coins finer (10/09).(Registry values: N7079)

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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