Coin Specifications

Category: Liberty Head $20 (1850-1907)
Mint: Philadelphia
Mintage: 1,170,261
Catalog: KM-74.1
Composition: Gold
Fineness: 0.9000
Weight: 33.4360g
AGW: 0.9675oz
Melt Value: $1163.23 (11/25/2014)
Diameter: 34mm
Numismatic specification data provided by Krause Publications NumisMaster.
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1850 $20 MS obverse 1850 $20 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

Production of the double eagle is tied to the enabling legislation for the gold dollar. The gold dollar was in trouble in the House, and Mint Director Robert Maskell Patterson opposed it as well. The objection was the tiny size of the gold dollar--it seemed to Patterson to be little more than play money and he deemed it unworthy of a great nation. However when the double eagle was added to the bill for the gold dollar, there was a new and powerful constituency for the larger coin. Bankers especially liked the twenty dollar gold piece as it could be used to store large quantities of money in a relatively small space. Thus, legislation for the gold dollar was passed on the coat tails of the double eagle's popularity.

Preparation of dies took considerable time in 1849 and only two patterns were struck with that date. One is in the Smithsonian today, and the whereabouts of the other piece are unknown. The 1849 twenty is obviously a pattern, as one can readily see when viewing the piece, which makes the 1850 the first year of regular issue for this highly collectible series. Relatively large numbers of 1850 twenties were set aside, no doubt as curiosities. Most survivors are XF-AU, and Uncirculated examples are rarely encountered.

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: 11/14/2014

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

1850 $20 MS
  GVGFVF4045505355586061626364656667686970
Base $ 1800 1875 1925 2200 3600 3600 5750 6650 8850 12250 18250 27500 41500 60000 115000 250000 - - - - -
$ 4700 6200 7250 9750 - - - - - - - - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 1319
Low Grade: F
Average Grade: 50
High Grade: 65


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
8/18/2003 NGC XF 45   Teletrade Auction 1767, 1767/Lot# 1579 $1,320.00
1/16/2006 NGC AU 53   David Lawrence Rare Coins Internet Auction #70, 75/Lot# 1245 $2,817.50
1/3/2007 PCGS AU 50   Heritage Auctions 2007 January Orlando, FL (FUN) Signature Coin Auction #422, 422/Lot# 6239 $2,185.00
5/25/2008 NGC MS 62   Goldberg May 25-27, 2008 Pre-Long Beach Coin and Currency Auction, 47/Lot# 4755 $25,300.00
4/27/2011 NGC AU 53   Heritage Auctions 2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction Session(5), 1154/Lot# 6769 $4,312.50
11/29/2012 PCGS AU 50   Heritage Auctions 2012 November 29 - December 2 US Coin Signature Auction - Houston Session(3), 1177/Lot# 5144 $4,406.25
6/9/2013 NGC XF 40   GreatCollections GreatCollections Coin Auctions 06/09/2013, 78/Lot# 120597 $2,702.70
7/27/2013 NGC AU 50   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 31281 $2,350.00


NGC Registry

NGC Registry Score 1850 $20 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base7478339261028113815051969233527653009333235254431608983389918165812451836780559235770359524
7758649601064126016592091247828463116339638274983683888641213919226286054316156516583100
000000209124782846311633963827498368388864121391922628605431615651600
000000221326212927322434604129553675889391143602187232692495425710900
Registry Image Gallery
Grade: AU 58
Points: 3332
Owner: Grandman
 
Grade: AU 55
Points: 3009
Owner: izikas
 
View the Registry Image Gallery

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