1891 $20

Description

Condition Census 1891 Double Eagle

1891 $20 AU 55 NGC. A real "knockout" for the date and grade with exceptional orange-gold and rose color, blazing semi-prooflike luster, and surfaces that do not show the deep marks endemic to this issue. There is just the slightest amount of friction noted on the high spots and a strong case could be made for calling this coin AU 58. This the finest 1891 double eagle we have sold since the PCGS AU 58 that realized $12,650 in our 1999 FUN auction.
The 1891 tends to be overlooked when a discussion of the major rarities in the Liberty Head double eagle series takes place. Only 1,390 business strikes were produced. An estimated 45-55 pieces are known today and this issue becomes exceptionally difficult to locate above AU 53. We are aware of the existence of three or four nice sliders and one or two that could be called Uncirculated by today's standards. As a point of reference, the Bass IV: 935 coin, graded AU 58 by PCGS, recently brought $24,150. The coin we offer here is not quite as nice but it still rates as one of the finest examples we are aware of.
From the David & Jeannie Cheung Collection.

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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