1850 GOLD $20 LIBERTY SSCA-2
PCGS AU5O1850 was the first year of circulated issues of the $20 Double Eagle. In 1849 only two patterns were struck with that date. There were 1,170,261 pieces struck in Philadelphia that first year, and relatively large numbers of 1850 twenties were probably set aside, as curiosities and keepsakes. Bankers especially liked the twenty dollar gold piece as it could be used to store large quantities of money in a relatively small space. Today, most survivors are usually in XF-AU condition, and uncirculated examples are rarely encountered. The 1850 double eagle is a very popular issue as it is the first collectible issue from the mint.
In 1850 the Gold Rush was in full swing, President Zachary Taylor dies in office (July 9) and is succeeded by his vice president, Millard Fillmore. California became the 31st state of the United States of America, The Compromise of 1850 was passed. It admitted California to the Union as a free state but failed to abolish slavery in new territories acquired from Mexico. Tension between the states increased. Both Los Angeles and San Francisco become cities.
This 1850 $20 Liberty Gold Double Eagle from the SS Central America 2 shipwreck recovery, is PCGS certified AU50. This highly collectible coin is a great addition to any numismatic collection. 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.