1862 $20 MS63+ NGC. CAC....

Description

1862 Twenty Dollar, MS63+
CAC-Approved Condition Census Coin
A Magnificent Rarity in This Grade

1862 $20 MS63+ NGC. CAC. Ex: Horseneck Collection. The 1862 double eagle as it exists today is a product of a low mintage (92,098 pieces), and the economic circumstances surrounding its coinage during the height of the Civil War. The coins served little domestic commercial purpose but were more actively shipped abroad for international trade and payments. Moreover, numismatic interest in the issue was virtually nonexistent for decades. The result is an issue that is scarce overall today, with most surviving examples showing only light wear (XF to AU condition) -- a stark contrast with the 1862-S, which is plentiful overall and is known as low as VF or even Fine condition. A small group of coins recovered from the S.S. Republic shipwreck account for a significant portion of the Mint State 1862 twenties known.

The Condition Census of the 1862 double eagle consists of an MS64, an MS63+?, and this MS63+ coin at NGC, with four base-level MS63s at NGC and PCGS combined rounding it out. Few of these coins have appeared at auction in recent times, with the MS64 NGC coin being last seen in 2005. A recent offering of an MS63 PCGS coin in our August 2020 Signature realized $78,000, but the current coin is superior to that example in terms of technical grade and, arguably, eye appeal. In our February 2022 Long Beach Signature the MS63+? NGC coin realized $174,000.

The current coin, to our knowledge, has not previously appeared at auction in recent times. An impressively sharp strike includes detailed definition of the eagle's neck feathers and the halo of stars above. Every shield line is fully rounded, and the obverse border stars are similarly bold. Vibrant, satiny luster is brilliantly yellow-gold across each side. A few marks in the field near Liberty's nose serve as pedigree markers, but overall eye appeal is excellent for the grade. CAC endorsement confirms the high quality, with this being one of the three finest examples of the date so distinguished. Census: 3 in 63 (1 in 63+, 1 in 63+?), 1 finer. CAC: 3 in 63, 0 finer (7/23).(Registry values: N7079)
From The Samuel Winans Collection.

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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