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Heritage World Coin Auctions
FUN Signature US Coin Sale 1251  4-6 & 8-9 Jan 2017
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Lot 5986

Starting price: 1 USD
Price realized: 30 000 USD
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Liberty Double Eagles
1856 $20 MS63 PCGS. The 1856 (329,878 coins) did not benefit from any of the maritime tragedies that account for the availability of such Type One twenties as the 1857-S or 1864-S. Instead, nearly all coins were released into the channels of commerce, exported overseas, and largely lost to time. The 500 to 700 coins that do survive are usually found in VF and XF grades. On the scarcity of the 1856, Winter adds: "It is not often seen in properly graded About Uncirculated-55 to About Uncirculated-58, and it remains an excellent value in this range. In Uncirculated, this is a genuinely rare coin and I have seen very few which I graded higher than MS61." Apparently, so have the leading grading services. This Select offering is tied with three other submissions for finest at PCGS. NGC shows a single MS63 example and none finer (10/16).
Both Winter and Akers cite a group of "saltwater Uncs" that surfaced some 35 or 40 years ago. This amazing Select Uncirculated twenty certainly does not have the look of a seawater coin. The surfaces show rich mint frost and are covered with deep rose and sun-gold colors over each side. The relief elements are fully defined, and small marks do nothing to inhibit the unsurpassed level of eye appeal.
From The Soluna Collection.
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