Lot 4762
1864 $20 Liberty. PCGS graded MS-62 PQ. PCGS serial #5166770. Lightly toned with lot of mint luster. It has been noted by others that the 1864 double eagle is not associated with the rare $20 gold dates such as 1861-S Paquet or 1870-CC when all grades are taken into consideration. What should be noted, however, is that this is an eminent "condition rarity" in Mint State. Only a few baggy pieces were recovered from the wreck of the steamship S.S. Republic (29 coins in all, certified by NGC at an average grade of MS60 is the result). The treasure of the S.S. Brother Jonathan did not include even a single specimen of the 1864 Philly mint $20. This MS62 example displays frost on the devices and brilliant semi-prooflike reflectivity in the obverse field (the reverse is frosty throughout. Furthermore, it is sharply struck with admirable detail on either side. The obverse is lightly scuffed in the field left of Liberty, made more prominent by the reflective background; while the reverse, showing one mark at the T of TWENTY, is nearly mark-free. Rooted to your seat by the anticipation in the room, we encourage bidding at a fairly high level, or consider yourself out of the running when this 1864 Liberty head crosses the auction block. Pop 8; 1 finer in 63. (PCGS # 8941) .
Estimated Value $25,000 - 30,000.
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