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April 20, 2015

COIN OF THE WEEK

Excessively Rare Gem Proof 1902 Liberty Gold $20 NGC PR65+* - $97,000.
Click on Coin Image to enlarge


FINEST GRADED PROOF DOUBLE EAGLE! *GEM QUALITY 1902 Type 3 Double Eagle. In the NGC population report, this is the only Proof 1902 Double Eagle in PR65+*!

This rare, Gem Proof 1902 Double Eagle is tied for the finest at NGC. This is an unbelievable opportunity for the double eagle specialist, the investor, the collector of finest known and ultra rare gold coins.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

James Barton Longacre designed the pattern for the double eagle in 1849. It was produced because of the huge amount of gold that came into the Mint from California. With the discovery of gold at Sutter’s Mill in January 1848, the California gold rush began. It led to an influx of miners and others into the area. The vast quantity of gold produced led to a need for a standard form of exchange. The twenty dollar coin was the government’s response. They also felt that it would be useful for large commercial transactions and that it would facilitate foreign trade.

Longacre’s design shows a Liberty head facing left wearing coronet inscribed LIBERTY. Her hair is tightly tied in the back with two loose curls hanging down her neck to the end of the truncation. She is surrounded by thirteen six pointed stars with the date below. Dentils are near the edge on both sides of the coin. The reverse shows a heraldic eagle with elaborate ribbons on both sides of the shield extending from the top corner down to the eagle’s tail feathers. The ribbons are inscribed, on the left E PLURIBUS and UNUM on the right. The ribbons were added to the design to symbolize the denomination since this was the first twenty dollar coin. There is an oval of thirteen stars above the eagle’s head and an arc of rays from wing tip to wing tip behind the upper half of the oval. UNITED STATES OF AMERICA is in an arc above the eagle, and the denomination TWENTY D. is below.

The design change that brought about the Type 3 coin was the denomination. It went from TWENTY D. to TWENTY DOLLARS. Like the addition of the motto to the reverse of the previous double eagle, it did not cause any major change in the rest of the coin’s design. William Barber who by then was the Engraver following Longacre’s death in 1869 made the modification. Later, his son Charles further modified the reverse by smoothing the back of the eagle’s neck. Many of the twentieth century double eagle coins have the new reverse, but some were made from left over hubs and have the 1899 reverse.


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ADDITION NEW COINS ADDED - (Week of 4/20/2015)

1860-S Indian Princess $3 Gold PCGS AU55

1854-O Indian Princess Gold $3 NGC AU55

1868 Indian Princess Gold $3 PCGS MS64. GEM RADIANT LUSTER

1850 Mormon $5 NGC AU58. WELL STRUCK

1652 Oak Tree 6 Pence, NGC MS61 CAC. IN ON OBVERSE

1850 Seated Liberty 10c NGC PR66+. GEM PROOF

1847 Liberty Gold $5 NGC MS64. NO MOTTO

1875-CC Liberty Gold $5 NGC AU50

1910 Indian Gold $10 PCGS MS65. GEM SATIN LUSTER

1908 Indian Gold $10 PCGS MS65. MOTTO. GEM SATIN LUSTER

1801 Capped Bust $10 PCGS MS61. VERY SCARCE DATE

1907 Indian Head Gold $10 NGC MS66. GORGEOUS FIRST YEAR OF ISSUE

1845-O Liberty Gold $10 NGC AU58. VERY SCARCE NEW ORLEANS MINT EAGLE

1897 Liberty Gold $10 PCGS MS66. GEM SURFACES

1865 Liberty Gold $20 Republic NGC MS65. SS REPUBLIC PEDGREE

1865 Liberty Gold $20 NGC MS64. Type 1 Double Eagle. A FLASHY GEM

1876-S Liberty Gold $20 PCGS MS63. Type 2 Double Eagle. A FLASHY GEM

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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