1864-S $20 MS62 PCGS....

Description

Historic 1864-S Double Eagle, MS62

1864-S $20 MS62 PCGS. Before the treasures of the S.S. Brother Jonathan and the S.S. Republic were recovered, the 1864-S Liberty double eagle was one of the most difficult Type One issues to find in Mint State. The substantial mintage of 793,660 pieces assured an adequate supply of VF to AU examples, but any Uncirculated specimen was a rarity. The situation improved considerably once the coins from the famous shipwrecks entered the market. In A Guide Book of Double Eagle Gold Coins, Q. David Bowers estimates a surviving population of 45 to 60 coins in Mint State grades today. The majority of shipwreck coins seen are in the lowest Uncirculated grades, leaving coins at the MS62 level decidedly rare. NGC has certified 11 examples at the MS62 level, with five finer; while PCGS has graded 10 specimens in MS62, with three finer (10/09).
The present coin features an average strike for the issue, which is typically weak on the obverse. The surfaces exhibit frosty luster, with a slightly granular texture. The lovely greenish-gold color is highlighted by areas of lavender and crimson. Handling marks are consistent with the grade. We note two small, scalloped-shaped rim bumps on the reverse, below TWENTY.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 269T, PCGS# 8942, GSID# 9904)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 793,660

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