Coin Specifications

Category: Liberty Head $20 (1850-1907)
Mint: Philadelphia
Mintage: 351,175
Catalog: KM-A74.1
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 33.44g
AGW: 0.9675oz
Melt Value: $1245.85 (5/4/2016)
Diameter: 34mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1865 $20 MS obverse 1865 $20 MS reverse


  
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VarietyPlus®

There are no NGC 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: 11/10/2015

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

1865 $20 MS
  GVGFVFXF5053555861626364656667686970
Base $ 1800 1875 2050 2400 3000 3500 4000 5200 6700 11500 17600 27500 36000 72500 - - - - -
$ - - - - - - 20000 - - - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 783
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
8/6/2006 NGC MS 63   Teletrade Auction 2241, 2241/Lot# 2364 $15,120.00
2/21/2008 NGC XF 45   David Lawrence Rare Coins Thursday - Internet Auction # 223, 229/Lot# 5737 $1,120.10
5/24/2009 NGC MS 65   Goldberg May 24-27, 2009 Pre-Long Beach Coin and Currency Auction, 53/Lot# 1366 $28,175.00
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
8/2/2012 NGC MS 64   Heritage Auctions 2012 August 2-5 US Coins Signature Auction- Philadelphia Session(4), 1173/Lot# 5416 $21,150.00
2/22/2013 NGC MS 63   Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 2187 $17,625.00
10/29/2015 NGC AU 55   Heritage Auctions 2015 October 29 - November 1 US Coins Signature Auction - New York Session(3), 1225/Lot# 5250 $3,055.00


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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