Coin Specifications

Category: Liberty Head $20 (1850-1907)
Mint: Philadelphia
Mintage: 351,200
Catalog: KM-A74.1
Composition: Gold
Fineness: 0.9000
Weight: 33.4360g
AGW: 0.9675oz
Melt Value: $1184.70 (9/18/2014)
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1865 $20 MS obverse 1865 $20 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

At the tail end of the Civil War, few gold coins were struck, and most were immediately hoarded and melted. The mintage of this issue was 351,175 coins, and the survival rate is quite small in any Mint State grade, let alone Gem quality. This was the year of two shipwrecks, both important in numismatic circles. On July 30, 1865, the S.S. Brother Jonathan sank off the coast of Crescent City, California, in the far northern part of that state. Although many searches for the ship and its treasure took place, it was not until the 1990s that a successful recovery took place. Deep Seat Research, Inc. located the treasure, and recovered over 1,200 gold coins, mostly 1865-S Double Eagles in Mint State condition. There were also two 1865 Double Eagles from the Philadelphia Mint. About three months later, the S.S. Republic sank of the coast of Georgia, the result of a hurricane. This ship was finally located in July 2003 by Odyssey Marine Exploration, Inc. By January 2004, over 17,000 coins had been recovered along with several hundred other artifacts.

A 2002 reference by Douglas Winter and Adam Crum summarized the important of this issue, and of this coin: 'The 1865 double eagle is a relatively scarce date, although not nearly as much so as the 1862, 1863, and 1864. It is most often seen in Very Fine and Extremely Fine grades. It is scarce in the lower About Uncirculated grades and very scarce in properly graded About Uncirculated-55 to About Uncirculated-58. It is very rare in Uncirculated and there are just two or three currently known that grade higher than Mint State-62.'

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 9/12/2014

Click on a price to see historical prices, comparison charts and trends.

1865 $20 MS
  GVGFVF4045505355586061626364656667686970
Base $ 1800 1875 1925 2100 2450 2450 3250 3750 4750 6900 9250 11750 18000 26000 41000 90000 - - - - -
$ - - - - - - - - - - - - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 713
Low Grade: VF
Average Grade: 58
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/30/1993 NGC XF 45   Heritage Auctions Santa Clara Bullet #103, 103/Lot# 685 $528.00
11/13/2005 NGC MS 65   Teletrade Auction 2117, 2117/Lot# 1932 $34,720.00
5/27/2007 NGC AU 55   Goldberg May 27-30, 2007 Pre-Long Beach Coin and Currency Auction, 41/Lot# 1703 $1,783.00
2/21/2008 NGC XF 45   David Lawrence Rare Coins Thursday - Internet Auction # 223, 229/Lot# 5737 $1,120.10
6/17/2010 NGC MS 63   Stack's Bowers The June 2010 Baltimore Auction, 41/Lot# 3850 $16,100.00
11/3/2010 NGC MS 65   Stack's Bowers The November 2010 Baltimore Auction, 44/Lot# 5356 $31,177.65
4/27/2011 NGC MS 62   Heritage Auctions 2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction Session(3), 1154/Lot# 5469 $14,950.00
5/13/2012 PCGS AU 50   GreatCollections GreatCollections Coin Auctions 05/13/2012, 22/Lot# 51157 $2,311.10


NGC Registry

NGC Registry Score 1865 $20 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base110311031103110311031173130314212353278733093601431951586248755589961551122360327504869673432
110311031103110311261216134217312497296134063840459855216683803511167177942582338065569410
00000013421731249729613406384045985521668380351116717794258233806500
00000013812042264231353503407948785884711985151333920077292864338000
Registry Image Gallery
Grade: AU 58
Points: 3309
Owner: davidmckay
 
Grade: AU 58
Points: 3309
Owner: Grandman
 
View the Registry Image Gallery

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