1854 Liberty Head Double Eagle. Small Date. AU-58 (PCGS).

Rich, original color blends with lovely mint luster on both sides of this boldly to sharply defined example. The year 1854 saw a significant downturn in the number of double eagles struck at Philadelphia over previous years with only 757,899 pieces. Instead of shipping gold to the East, now the newly inaugurated San Francisco Mint would require bullion for its own use. Two distinct date logotypes were used with small and large numerals. The majority of the coins struck used the smaller style logotype, making it the most frequently seen of the two varieties. Relatively available in VF and EF, the issue becomes increasingly challenging at the AU level and above. It is estimated that at most there are only 40 to 60 different Mint State specimens extant, a limited total that places strong collector pressure on premium quality Choice AUs such as this offering from the Fairmont Collection. Often overlooked in favor of the first double eagle issue from San Francisco, a nice 1854 Philadelphia Mint $20 has much to offer the discerning collector.

PCGS# 8911. NGC ID: 268R.

From the Fairmont Collection - CBL Set.