1862 $20 MS63 PCGS....

Description

1862 Liberty Double Eagle, MS63
Low-Mintage Philadelphia Issue
Tied for Finest at PCGS

1862 $20 MS63 PCGS. The economic stress and uncertainty of the Civil War caused widespread hoarding and export of all precious-metal coinage and the United States government suspended specie payments late in 1861. Mintage of double eagles dropped accordingly at the Philadelphia Mint the following year, when only 92,098 business-strike examples were struck. As might be expected, the 1862 is the most elusive Type One Liberty double eagle from the Philadelphia Mint today (discounting the uncollectible 1861 Paquet Reverse) and examples are rare in all grades. Nine examples were recovered from the wreck of the S.S. Republic, but no large hoards of this issue have ever surfaced. Doug Winter estimates the surviving population at 150-200 examples in all grades, with most examples seen in the XF-AU grade range.

The present coin is a stunning Select example of this date which boasts radiant mint luster throughout and exemplary surfaces for a double eagle of this era. We note splashes of orange-gold over Liberty's face, in the lower right field and also on the reverse primarily in the fields. The strike is typically strong, as nearly always seen on double eagles of this period. Within the obverse fields we note a few trivial handling ticks and scuffs, but Liberty's cheek and neck have only light luster grazes, and the reverse fields and devices are a delight to study and provide undisturbed cartwheel sheen throughout. An exceptional coin for the collector who demands the finest available. This coin is pictured on PCGS CoinFacts. Population: 2 in 63, 0 finer (6/20).(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.

View Certification Details from PCGS