1891 $20 AU58 PCGS....

Description

1891 Double Eagle, AU58
Low-Mintage Philadelphia Rarity

1891 $20 AU58 PCGS. The 1891 is in the second rarity tier for P-mint Liberty double eagles. It is scarcer than the 1859 in most grades and it is more difficult to locate in high grades than the 1862, 1868, 1871, and 1873 Closed 3. According to mintage, the tiny 1,390-coin production of the 1891 is comparable to the rare Philadelphia issues of 1881, 1882, 1885, and 1886; of these, it is similar in rarity to the 1885 and minutely more plentiful than the others. PCGS suggests about 100 1891 double eagles survive, while Mike Fuljenz (Type Three Double Eagles 1877-1907, second edition), suggests only about 75 coins are known.

To date, PCGS and NGC combined report only 10 Mint State examples, including likely duplications (3/23). Two decades ago, Mint State examples of this date were virtually unheard of; David Akers, in his Analysis of Auction Records (1982), reported having seen only three or four Uncirculated coins. Thus, for most collectors, both in the past and current day, a high-end AU coin is the finest example of this issue typically accessible.

The present near-Mint coin displays modest prooflike tendencies in the fields, but this feature is only visible at certain angles. The pinpoint strike definition and rich green-gold color are, however, readily evident. Scattered circulation marks are not overly troublesome for the grade, and the overall eye appeal of the piece is superior to that of most circulated double eagles. Population: 14 in 58, 7 finer (3/23).
Ex: Dallas Signature (Heritage, 12/2004), lot 6938.(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 PCGS