1865 $20 Double Eagle PCGS MS62 CAC. Although the 1865 double eagle had a mintage of 351,575 pieces, examples are still very scarce in all grades. In Mint State, this issue was very elusive until the wreck of the S.S. Republic was discovered. That shipwreck has yielded a number of high grade pieces of this issue, these were quickly absorbed into the market and examples are seldom available in all grades.

At the end of the Civil War, the same situation continued that was the scenario during the previous war years. Gold and Silver coinage were nowhere to be seen in general commerce, except in the most western states where the Civil War only had a relative small influence. Many pieces were immediately hoarded, and later melted, creating the scarcity of many of these issues.

The present coin has a fresh and sharp looking, with nearly all details fully struck. Especially the reverse is choice, given the impression of a higher grade coin. Full luster is visible on both sides, which adds to the charm of this piece. A few scattered marks on the reverse is the only reason that keep this coin out of a higher holder, and even those are very small in number for the grade. The present offering represents a grand and seldom seen opportunity for the specialist.