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1850 DOUBLE EAGLE OR
$20 GOLD

PCGS No: 8902

Mintage:

Circulation strikes: 1,170,261
Proofs: Unique?

Designer: James Barton Longacre

Diameter: 34 millimeters

Metal content:
Gold - 90%
Other - 10% 

Weight: 516 grains (33.4 grams)

Edge: Reeded

Mintmark: None (for Philadelphia) below the eagle's tail on the reverse

Notes:
The finest Uncirculated example graded by PCGS is a single MS-64.

In August, 2004, NGC published a partial population report of gold coins recovered from the shipwrecked SS Republic.  Included were 54 1850 Double Eagles, ranging in grade from EF-40 to MS-61.

Significant examples:
SEGS Proof-62, "Presentation/PL, enhanced surfaces".  Ex - Superior Galleries' "Pre-Long Beach Sale" May 27-29, 2001, Lot 4170A, where it was described as follows: "1850 SEGS graded Proof 62 marked "Presentation/PL" and " Enhanced Surfaces". The coin is also pedigreed to Dr. C. W. Green and so noted on the holder. This is the first collectible issue of the United States Double Eagle series. This coin has a beautiful bold strike with full stars and all other details sharp and clear. The fields are Prooflike and you can see clearly with magnification that the dies and planchet were enhanced prior to striking..."

Recent appearances:
"Choice Brilliant Uncirculated".  Ex - Sotheby's / Stack's "The 'Dallas Bank' Collection" Auction, October 29-30, 2001, Lot 1, illustrated

PCGS MS-62.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 787, illustrated, sold for $13,800.00  From Paramount's sale of September 1971, Lot 1573

Brilliant Uncirculated.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1736 at $1,840.00

AU-50.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 788, illustrated, sold for $1,092.50  From Stack's sale of October 1970, Lot 853

"About Uncirculated".  Ex - Stack's "65th Anniversary Sale", October 17-19, 2000, Lot 1865, plated, sold for $2,185.00

About Uncirculated.  Ex- Stack's "The September Sale", September 12-13, 2000, Lot 1737 at $2,300.00

EF-45.  Ex - Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 2535 at $862.50

Net EF-40, sharpness of AU-58, brushed.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 789, not illustrated, sold for $1,495.00

VF-30.  Ex - Heritage Numismatic Auctions, Inc.'s, "Summer 2001 Long Beach Signature Sale", May 31-June 2, 2001, Lot 9172, not plated, sold for $1,610.00

Net VF-20, sharpness of EF-45, surface damage.  Ex - Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 790, not illustrated, sold for $632.50  Purchased from Paramount, March 1, 1968

Sources and/or recommended reading:
"The PCGS Population Report, July 2004" by The Professional Coin Grading Service

"The NGC Census Report", August 13, 2004, www.ngcoin.com