1866 $20 MS61 PCGS....

Description

1866 Double Eagle, MS61
High-End for the Grade

1866 $20 MS61 PCGS. The 1866 double eagle is a heavily melted and exported issue, and most of the known survivors grade only in the VF to XF range. A small number of Mint State pieces survive, but virtually all of these exhibit numerous bagmarks and are generally unappealing. Careful storage and preservation of business strike double eagles was hardly a priority during the latter half of the 19th century, as collectors largely sought out proofs, and coins kept in bank vaults or sent abroad for trade were jostled frequently. This example is certified at the MS61 grade level, but the surfaces are surprisingly smooth, with absolutely no obtrusive abrasions. Frosty wheat-gold luster illuminates each side, while just minor grazes on the obverse appear to have limited the grade assessment from PCGS. The strike is bold and neither side exhibits the die lapping that typically affects double eagles from this period. Population: 31 in 61, 6 finer (11/14).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 269X, PCGS# 8949, Greysheet# 9803)

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