1863 Double Eagle NGC AU58. Struck
in the midst of the American Civil War, the present
coin is a survivor from a dark era in history. Its complete
mintage, 142,790 was hoarded at first, as federal coins
where nowhere to be seen. After the war, however, the
majority did enter general commerce and as a result,
the majority pieces are in VF and EF grades. AU pieces
are scarce, and Mint State pieces are extremely rare,
with less than a handful confirmed to exist. Q. David
Bowers says the following about this issue in his Guide
Book of Double Eagles:
“True Mint State pieces are so rare that many
old-timers have never seen one”
Many Civil War gold issues were widely hoarded and
are easily acquired in Mint-State. The double eagle,
being the largest denomination regularly struck by
the United States Mint, was widely needed in the reconstruction.
Many pieces are thus damaged, cleaned or otherwise
mistreated, and choice pieces are scarce.
This coin, certified by NGC as AU-58 is just a tiny
bit of luster breaks short from true Mint-State. In
fact, if the grading companies would award grading
points to eye-appeal, this coin would be a no brainer.
Totally original, with wonderful green-gold color
and boldly struck surfaces. The fields are virtually
mark-free, with only a small hint on the obverse,
near Liberty’s chin that can be used for pedigree
purposes. A rare opportunity to acquire one of the
finest known pieces of this date, at the fraction
of the cost of a graded Mint-State coin.
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