Lot 4765
1865 $20 Liberty. NGC graded MS-64. Well struck and untoned. This is a remarkably beautiful coin whose satin frosted luster on the obverse and reverse verges on gem quality. There are really no areas of soft detail in the bold devices; and the color shows excellent balance with its brilliant sheen, a sheen that is found only on the exquisite coins. Both sides are detraction free for a Type 1 double eagle of the 1860s. In summation, a buyer would be hard pressed to duplicate this attractive double eagle without spending a lot of time looking. No doubt this comes from the historic shipwreck group of the S.S. Republic in the numismatic market.
The Philadelphia Mint struck fewer double eagles than the San Francisco Mint during the Civil War (1861-65). Having plummeted to fewer than 100,000 pieces in 1862, P-mint production slowly rose to 351,200 twenties in 1865. This is the final Type I date struck in Philadelphia before the change was made to the With Motto reverse. Pop 70; 23 finer, 1 in 64 star, 21 in 65, 1 in 66 star (PCGS # 8943) .
Estimated Value $20,000 - 22,000.
Ex: SS Republic.
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| Realized $20,988 |
