1853 GOLD $20 LIBERTY
PCGS AU58 SSCA-2This 1853 $20 Double Eagle minted in Philadelphia, has survived over a century and a half, in Mint State 61 condition. In 1853, the Philadelphia Mint struck 1,261,326 double eagles in all varieties, including the popular 1853/2 Overdate issue. In the first few years of the Gold Rush, the Philadelphia Mint received vast amounts of California Gold that was minted into over 6 million $20 Double Eagles by 1853, making this issue similar in rarity as the previous 1850 to 1852 dates.
The 1853 is easily available in the VF to XF range, higher AU grades can be hard to locate, making this AU58 issue scarce. Mint State examples are elusive and considered quite rare. Current price NGC Price Guide is $5,000.
The Coinage Act of 1853 reduced the weight of silver in all silver coins except the dollar, effectively putting the United States on the Gold Standard. This 1853 $20 Type-I Double Eagle represents America?s financial growth with ties to the California Gold Rush history.
This historic gold coin is a survivor of the SS Central America Shipwreck. The SS Central America was a 280 foot side-wheel steamer that operated between Central America and the eastern coast of the U.S. at that time. On September 12, 1857, the Central America sunk in a hurricane two hundred miles off the Carolina Coast in 8,000 feet below the Atlantic, taking the lives of 425 men and over 4,700 pounds of California gold. The sinking of the SS Central America, known as ''The Ship of Gold,'' was one of the worst peacetime tragedies of men, ship, and gold lost at sea. It contributed to the deepest depression of the 19th Century both economically and emotionally.
Originally discovered in 1987 and brought to market in the year 2000, it has been one of the most remarkable events in numismatic history. In 2014, Odyssey Marine Exploration went back to recover the remaining gold. After 4 years, the ''Greatest Treasure Ever Found'' has come to market for a once in a lifetime opportunity to own a piece of historical significance from the California Gold Rush, with the providence of the SS Central America Shipwreck Treasure Recovery. In 2014, Odyssey Marine Exploration was selected to salvage the remaining gold from the SS Central America. Odyssey digitally documented over 12,500 high-resolution images of the site prior to any recovery efforts, and a 161,000-square-meter, high-resolution video survey of the shipwreck and surrounding seabed was also completed. The recovery was conducted over 129 days and included 83 ROV dives recording over 2,000 hours of dive time. The recovery resulted in 3,100 gold coins, 100 pounds of gold dust, more than 10,000 silver coins, 45 gold ingot bars, and hundreds of other historical artifacts from the SS Central America shipwreck site.
This coin is reminiscent of America in 1853. The United States increased in size with the Gadsden Purchase (Arizona) from Mexico for $10 Million. Franklin Pierce becomes President, and Commodore Matthew Perry opens Japan to American Trade. The first world's fair in the United States was held in 1853 in New York City. The ''Exhibition of the Industry of All Nations'' was seen by over 1.1 million visitors. This 1853 gold coin is like holding history in your hands.