Coin Specifications

Category: Patterns & Trial Coins (1792-1863)
Mint: Philadelphia
Link to this coin

C.1850 J-126 $20 PF obverse C.1850 J-126 $20 PF reverse
Expand All    Collapse All

Description & Analysis

Judd-126, Pollock-148, R.8.

Design. The design is that of the Liberty Head double eagle that would premier in 1850 for circulation purposes, save that the die is undated. Struck in silver with a reeded edge.

Commentary. This is a pattern of paramount importance, as it represents the intersection of geology, history, and numismatics as perhaps no other coin can. The California Gold Rush bounty by 1849 was making its way back East, upsetting the traditional balance between gold and silver. True to the laws of supply and demand, silver became overpriced in relation to paper currency or gold, and it was widely hoarded and melted, promptly disappearing from circulation. The vast supplies of gold and need for circulating specie dictated a twenty dollar denomination be introduced, large enough for important commerce and international trade but not so unwieldy as to prevent its circulation (as happened with the octagonal California gold fifties of 1851 and 1852).

A unique 1849 double eagle struck in gold is in the Smithsonian, and it is a national treasure that has justly achieved fame and renown. Of the 1850 double eagle patterns, only three are known, two struck in silver (including the present piece), and a copper-gilt piece in the Harry Bass, Jr. Research Foundation Collection. The date of issue is unknown, but the year 1850 is an eminently reasonable guess.

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


GRADE SUMMARY

Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation

 
NGC PRICE GUIDE
NGC CENSUS
AUCTION PRICES REALIZED
NGC REGISTRY
SCORE
FIND IT ON EBAY

Select Grade

Price Guide

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

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: 2
Low Grade: 62
Average Grade: 63
High Grade: 64

The chart showing 62 series, 63 series, 64 series.
NGC CENSUS DETAIL Last Updated: 1/19/2021 C.1850 $20 J-126 PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------------1-1------2
-----------------------
-----------------------
-----------------------
Total-------------1-1------2
 -------------50%-50%------ 

NGC Registry

There are no Registry sets for this coin. If you would like to request a Registry set please email registry@ngccoin.com.

Related Articles

There are no related articles for this coin.

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.