1859 GOLD $20 LIBERTY
NGC AU55This 1859 $20 Gold Liberty Double Eagle graded AU55, is Conditionally Rare and very scarce in any grade. The 1859 Double Eagle has the second lowest mintage figure of any Type-I double eagle from the Philadelphia mint (Not including the exceedingly rare 1861 Paquet.) The 1859 had a slight design change where a new obverse hub was used which showed the designer?s initials (JBL; for James Barton Longacre) further to the left on the truncation which was slightly more curved and the curls around the bun and below the ear of Liberty were slightly modified.
1859 Liberty Head double eagles $20 gold coins are quite scarce in all grades, as only 43,597 were minted in Philadelphia. Contemporary collectors preferred Proof coins, further limiting the number of survivors, and only two specimens were recovered from the wreck of the S.S. Republic, so high-grade examples are especially elusive.
Most examples seen years ago were typically VF to XF. The average grade of auction appearances of this issue is VF30 to AU50. Although extensively marked, this near-Mint example displays ample eye appeal on surfaces with brilliant and frosty yellow-gold luster with traces of pink overtones.