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: $1150.45 (5/29/2015)
Diameter: 34mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1850 $20 MS obverse 1850 $20 MS reverse


  
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VarietyPlus®

There are no NGC 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
  GVGFVFXF5053555861626364656667686970
Base $ 1800 1875 1925 2200 3600 5750 6650 8850 12250 27500 41500 60000 115000 250000 - - - - -
$ 4700 6200 7250 9750 - - - - - - - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Census

 
NGC GRADE SUMMARY

Total Graded: 1310
Low Grade: F
Average Grade: 50
High Grade: 65


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
6/7/2015 XF 45   Heritage Auctions 2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1221/Lot# 5392
6/7/2015 XF Details  Heritage Auctions 2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(5), 1221/Lot# 8340
6/7/2015 AU 53   Heritage Auctions 2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1221/Lot# 4324
6/7/2015 AU 50   Heritage Auctions 2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1221/Lot# 4323
6/7/2015 AU Details  Heritage Auctions 2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(5), 1221/Lot# 8341


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/16/1998 PCGS XF 40   Teletrade Auction 1024, 1024/Lot# 1998 $606.63
12/8/2004 PCGS AU 50   Heritage Auctions 2004 December Dallas Signature Sale #277, 277/Lot# 6830 $2,530.00
5/25/2008 NGC MS 62   Goldberg May 25-27, 2008 Pre-Long Beach Coin and Currency Auction, 47/Lot# 4755 $25,300.00
1/29/2009 NGC AU 50   David Lawrence Rare Coins Thursday - Internet Auction # 328, 334/Lot# 9080 $2,156.25
7/27/2013 PCGS AU 58   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 4580 $9,400.00
9/7/2014 PCGS   GreatCollections GreatCollections Coin Auctions 09/07/2014, 191/Lot# 215558 $2,600.00
10/8/2014 NGC AU 53   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(4), 1210/Lot# 5040 $4,700.00
2/6/2015 NGC AU 55   Stack's Bowers 2015 Americana Auction, 6070/Lot# 2595 $5,140.63


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: palmernck
 
View the Registry Image Gallery

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