Description
1850 $20 Double Eagle, Type-1 Liberty PCGS MS63 (CAC)
An extraordinary opportunity for the double eagle collector. This Select Mint State 1850 double eagle is most impressive, the surfaces are frosty with brilliant lemon-yellow luster and faint greenish tones. While microscopic hairlines and contact marks appear on both sides as expected at this grade level, none are significantly worth mentioning. Graded MS63 by PCGS and CAC Approved.
The large quantities of gold that flowed into the Philadelphia Mint from the California gold fields resulted in a production of more than 1 million double eagles at that mint in 1850, the first production year for the double eagle denomination. First year coins were typically saved as “first of their kind” per Walter Breen, but 20 dollars was a lot of money to set aside in the middle-19th century. Mint State 1850 double eagles are rare.
