1891 $20 AU58 NGC....

Description

1891 Double Eagle, AU58
Low-Mintage Philadelphia Issue
One of 1,390 Circulation Strikes Made

1891 $20 AU58 NGC. More than 1.3 million double eagles were struck in 1891, but most of those came from the San Francisco Mint. The Carson City Mint produced a only 5,000 twenties, and the Philadelphia Mint struck a mere 1,390 double eagles -- its lowest twenty dollar mintage since the mid 1880s. From that small mintage, possibly as few as 100 pieces survive today in all grades combined. A pair of MS64 coins exist -- one at PCGS and one at NGC -- as the finest of this late-1800s rarity. Many advanced collections opt for one of the two dozen or so survivors from the proof mintage that numbered 52 coins. The present example is one of the rare circulation strikes approaching Uncirculated condition. The fields are partially prooflike as expected for such a low mintage, with scattered light abrasions and minor bagmarks that visit the open fields and high points of the motifs. An attractive AU coin is the finest example of this P-mint date that is even somewhat available for collectors. To date, PCGS and NGC report 12 pieces in all Mint State grades including two prooflike examples that grade MS60 at PCGS.

This coin is a notch below that and not fully prooflike, yet it displays modest prooflike tendencies in the fields. Gleaming orange-gold color blankets both sides and the strike is sharp throughout despite a bit of high-point wear. The central devices are well-frosted with minor nicks on Liberty's portrait and a series of three small marks in the neck curls. The date numerals are widely spaced, with extra space between the 8 and 9. Compared to other low-mintage double eagles including the 1881, 1882, 1885, and 1886, the 1891 is of similar rarity and is often undervalued in comparison -- a situation that continues to come into balance with each 1891 twenty dollar appearance. We expect this eye-appealing example to maintain a similar upward trend when it crosses the block.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 26C2, PCGS# 9016, Greysheet# 9826)

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 NGC