1871 GOLD $20 LIBERTY
NGC AU55The 1871 Philadelphia Double Eagle is one of the most popular coins with collectors and investors because of its rarity and low mintage of only 80,120 pieces. It has the lowest mintage of any Philadelphia Type II series, and is scarce in any grade. Survivors range from Very Fine to Extremely Fine, most with heavy bag marks or harsh cleaning. AU grades are popular with collectors, and demand a premium at auctions. Mint state issues are seldom seen, with MS 64 being the finest known grade.
This Philadelphia minted $20 gold piece is tied to historical highlights in American history. The year 1871 is evocative to such historic events as the formation of the first professional baseball league and the foundation of the Barnum & Bailey Circus, which P.T." Barnum promoted as the 'Greatest Show on Earth!' 1870 was also the year of the Great Chicago Fire, the foundation of the National Rifle Association (NRA), and the beginning of the JP Morgan Company.
This $20 Double Eagle was minted and most likely circulated in the Eastern Seaboard, then preserved in its AU55 condition for almost 150 years. Current price guides are as follows; PCGS Price Guide $5,000 and NGC Price Guide is $5,350.