1862 $20 MS(PCGS#8937)

1862 $20 MS (PCGS#8937)

Spring 2025 Showcase Auction U.S. Coins

详细说明: Offered is a rare Choice About Uncirculated survivor of a low mintage double eagle issue that is scarce even in lower circulated grades. Attractive in all regards, both sides exhibit vivid, even color on lustrous surfaces. The strike is impressively bold, and the eye appeal is well above average for this challenging issue.<p>After striking a record total of 2,976,453 circulation strikes in 1861, the Philadelphia Mint delivered just 92,133 double eagles for commerce in 1862. This marked reduction in output resulted from the suspension of gold specie payments by Northern banks in late 1861 due to uncertainty about the outcome of the Civil War. Most examples of this issue were used in export trade, and survivors are scarce, representing coins that have been repatriated in recent decades. The 1862 has never been represented in quantity in double eagle finds, although the treasure of the S.S. <em>Brother Jonathan</em> shipwreck yielded a single coin. Fewer than 350 coins are believed extant in all grades, and in Mint State the estimate dwindles to only 35 to 50 pieces. That offered here, among the finest circulated coins extant, would serve as a focal point in an advanced gold cabinet.