SOLD
15,000.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Jun 16 @ 22:58UTC-4 : AST/EDT
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***Auction Highlight*** 1851-p Gold Liberty Double Eagle $20 Graded ms64 details By SEGS. Up for Auction is an incredibly smooth 1850 Liberty Head Gold Double Eagle. In 1849, gold deposits at the Philadelphia Mint totaled nearly $5.5 million, but surprisingly, this fell short of the pre-Gold Rush 1847 deposits of the yellow metal which totaled more than $13.6 million-worth. However, unreflected in the numbers was a massive shift in the origin of the bullion. The vast majority of the 1849 deposits were composed of natively mined gold from California, while the earlier deposits had included primarily foreign coin. By 1851, the amount of gold produced by native mines had increased substantially. An excerpt from the Report of the Director of the Mint, dated January 27, 1851, states: "The increase in the proportion of our gold to our silver deposits, and the enormous amount of the former, derived from the mines of the United States, are deserving of especial notice. Of the bullion received the silver comprised less than a twentieth part of the whole value; and even of this small proportion as much as one-eight was derived by separation from the California gold. Of the deposits received, only about one thirty fifth part was in foreign coins are bullion. The remainder, amounting to $36,938,314, was of United States production, of which $36,273,097 were from California." This translated into a mintage of more than 2 million double eagles in 1851. This issue is readily available, but only in XF and AU grades. Mint State coins are scarce, and are rare in MS63 or better condition. This boldly struck example displays frosty green-gold luster, lacking any major abrasions. It when one looks at the coin without the aide of a loupe, it looks like a GEM or Near Gem example, but alas with a loup you can see some very fine hairlines that account for the details designation. Regardless of these, upon examination with the naked eye this is far and away the nicest looking 1850 I have ever brought to auction. I have included an ms62, ms63 and ms64 example for your comparison. Ms64 is the Finest known. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
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| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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