1891 $20 AU58 PCGS....

Description

1891 Double Eagle, AU58
Rare in All Grades

1891 $20 AU58 PCGS. In a sale replete with many extremely low-mintage double eagles, the offering would not be complete without an example of the elusive 1891 twenty, the final sub 2000-piece production of the Liberty twenty series. Fewer than 100 circulation strikes survive, and for some reason (aside from the scarcity) many notable collections are missing this Philadelphia date.

The coin was struck during a year when the Sherman Silver Purchase Act continued to fuel debate around the Silver Question, championed by a populist movement that advocated the free and unlimited coinage of silver. A stunning gold discovery at Cripple Creek in Colorado spawned a second gold rush. The new gold influx didn't reach the Mint, however, and few double eagles were made while unneeded silver dollars continued to roll off the coin presses.

The present coin is a sharp near-Mint example, surviving from a mintage of just 1,390 double eagles produced. It displays an unusual "two-tone" patina -- the top half of the coin is prooflike and reflective, while the lower half is lightly frosted. The effect is pleasing, however, as sharply lustrous, orange-gold brilliance merges with a frosted green-gold base. The strike is bold throughout. Tiny marks are distributed across the surfaces, moreso on the obverse than the reverse, but none are overly heavy or distracting. Both services combined have certified just 10 numerically finer examples, with a PCGS population of 7 in 58, 6 finer (6/14).



From The Christopher Bently Nob Hill Collection.(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.

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