1289

1889 $20 Liberty NGC MS62

Currency:USD Category:Coins & Paper Money / US Coins Start Price:100.00 USD Estimated At:100.00 - 1,000,000.00 USD
1889 $20 Liberty NGC MS62
<b>1889 &#36;20 Liberty. NGC graded MS62.</b> Far less abraded and decidedly frostier than the typical baggy survivor, this boldly struck example displays soft, frosted luster and blushes of bright natural uncleaned patina on each side. The 1889 &#36;20 gold piece is one of only 44,070 business strikes issued, and exists in limited quantities at the Mint State category. Pieces that qualify as MS62 are legitimately rare.

Why the low mintage after 1888&#39;s largish production? The gold markets were under duress throughout 1889 and well into the early years of the 1890s as European economic turmoil spilled over into America&#39;s market. Much of our gold was being exported by frightened bankers and trading houses in this period, which helps to explain the very low double eagle mintage figures in 1889 to 1892 at Philadelphia <b>&#40;PCGS # 9010&#41;</b> <i>
The Bayou Saint James Collection.</i>

Our item number 120761