1876 $20 MS63 PCGS....

Description

Original, Lustrous 1876 Double Eagle, MS63

1876 $20 MS63 PCGS. The nation's Centennial year was a fascinating one for coinage. The Philadelphia mint (and others) spewed out bucketloads of coins, including seven minor coinage denominations from the cent to half dollar (the three cent nickel and twenty cent are included), with all save the twenty cent and three cent seeing production totals in the millions.
Accompanying those productions were six gold denominations, if one includes the proof-only three dollar, the only extremely rare issue of the year. Gold dollars, half eagles, and eagles, however, were produced in only token production quantities.
Excluding proof coins, the nation's mints reported production of $65,034,842 worth of coinage (or recoinage), of which $46,386,020 was in the form of double eagles from Philadelphia, Carson City, and San Francisco.
The Philadelphia Mint double eagle coinage was a healthy production of 583,860 pieces, but it appears that the vast majority of those coins circulated, or were kept as pocket pieces by those who could afford to take such a large sum out of circulation.
This piece is one of only 29 MS63 examples certified at PCGS, with 17 coins finer (8/09). This obviously original coin possesses amazingly thick mint luster. The pinkish centers take on a orange tint around the margins. The strike is sharp, making the piece even more rare and desirable. A couple of field marks appear on the reverse, but the obverse is finer, and if the coin were graded by the obverse alone, it would surely garner an MS64 grade.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 26AV, PCGS# 8976, GSID# 9814)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 583,905

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