1850
$20 NGC AU55 – The first year of issue for the
largest denomination regularly struck in the United
States until 1933. Introduced shortly after the gold
rush in California started, the $20 denomination was
meant to easily convert California gold into federal
gold coin.
Although not very scarce in overall
terms, this issue, with a mintage of 1,170,261 pieces,
has always been popular as the premier coin in the double
eagle series. Pieces of this issue circulated widely,
with most coins surviving in VF to EF grades. AU pieces
are scarce, especially when choice, and mint state coins
are rare.
The present coin is a slightly circulated
coin, with some small rub on the highest points. Fully
struck, this coin has great detail for an AU coin, with
very pleasing color. Some luster remains in the protected
areas, as can be expected for the grade. No distracting
hits or noticed on either side except those consistent
with the grade.
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