1891 $20 AU58 PCGS Secure....

Description

1891 Double Eagle, Reflective AU58
Low-Mintage Philadelphia Key

1891 $20 AU58 PCGS Secure. Gold deposits at the Mint and its branches increased slightly in 1891 over those of the previous two years. Bullion largely came from domestic mines, either in the form of privately refined bars or in unrefined ore. Much of this bullion was refined and coined into eagles and double eagles for Pacific Coast depositors. As such, the bulk of the coinage occurred at the San Francisco Mint. For the calendar year 1891, San Francisco struck more than 1.28 million double eagles, while Carson City struck 5,000 pieces and Philadelphia just 1,390. The latter issue is a rarity among Type Three double eagles today, with a survivorship estimated by PCGS at about 100 coins.

This near-Mint example displays prooflike fields and rich honey-gold coloration. Although a touch of light high-point friction is observed over the high points of the devices, neither side exhibits the heavy abrasions that are often associated with AU-level Liberty Head twenties. This piece is eye-appealing and it is rare so fine. Only a handful of Uncirculated pieces survive finer. Population: 11 in 58, 6 finer (11/18).(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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