1891 $20 AU58 PCGS....

Description

1891 Liberty Head Twenty, AU58
Near the Condition Census

1891 $20 AU58 PCGS. The 1891 double eagle is a rarity on par with the low-mintage Philadelphia issues of the 1880s. Only 1,390 pieces were struck, and almost all known survivors are circulated and moderately abraded. PCGS offers a survival estimate of about 100 pieces, although we believe this figure is slightly optimistic -- likely no more than 80 to 90 coins are extent, including impaired examples. PCGS and NGC combined list only 80 grading events, including likely resubmissions. This issue appears at auction every bit as rarely as the 1881, which has a lower PCGS survival estimate of only 40 to 60 pieces, and it is scarcer than the 1885, which has an even lower mintage of only 751 coins.

In the past, Uncirculated 1891 double eagles were almost unknown, and today they are still tremendous rarities. Including possible resubmissions in the lower grades, there are only 11 Mint State pieces reported by PCGS and NGC, only three of which grade finer than MS61. This Mint State population is nearly identical to that of seven years ago when we last offered the present AU58 coin.

This piece displays lovely semiprooflike fields visible at certain angles -- the coin has satiny luster otherwise, and original wheat-gold coloration. The pinpoint sharpness is only slightly hindered by the high-point friction of the AU58 grade. There is a shallow old abrasion on Liberty's neck and a faint vertical line in the field near star 1, but this coin is otherwise remarkably smooth -- starkly contrary to norms for the issue. Housed in a green label holder and outstanding in every respect.
Ex: FUN Signature (Heritage, 1/1999), lot 8440; Philadelphia Signature (Heritage, 8/2000), lot 7508; Summer FUN Signature (Heritage, 7/2011), lot 5123.
From The Gator Man 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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