Coin Specifications

Category: Liberty Head $20 (1850-1907)
Mint: Philadelphia
Mintage: 351,175
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 33.4400g
AGW: 0.9675oz
Melt Value: $1848.38 (10/28/2020)
Diameter: 34mm
Edge: Reeded
Link to this coin

1865 $20 MS obverse 1865 $20 MS reverse
Images Courtesy of Heritage Auctions (HA.com)
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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: 10/28/2020

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

1865 $20 MS
  GVGFVFXF505355586061626364656667686970
Base $ 1970 - - - - - - - - - - - - - - - - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 786
Low Grade: VF
Average Grade: 58
High Grade: 66

The chart showing VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series.
NGC CENSUS DETAIL Last Updated: 10/27/2020 1865 $20 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----4157563801081206395711285211----786
-------------22211----8
---------11---12------5
-----------------------
Total----4157563801091216395911589222----799
 ----1%2%9%8%10%14%15%1%5%7%14%11%3%0%---- 

NGC Registry

NGC Registry Score 1865 $20 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1886233523852417261428343057312633453730440349925656650974318428117541551122360327504869673432
203623522396248326872908308031993473395445995213594068167763953713006177942582338065569410
00000030803199347339544599521359406816776395371300617794258233806500
000000310332723602417947965435622571248096106451425920077292874338100
Registry Image Gallery
Grade: AU 58
Points: 4403
Owner: davidmckay
 
Grade: AU 58
Points: 4403
Owner: Grandman
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.