||1850 $20 MS62 NGC. CAC. The Philadelphia Mint struck more than 1.1 million double eagles in 1850, the first year of regular production for the denomination, but these saw extensive circulation in commerce and the banking sector, many becoming lightly worn. Mint State examples are occasionally encountered, but most are in the MS62 and lower grade range. Finer pieces are decidedly rare. This is a remarkably attractive representative for the grade, showing strong design definition and deep lemon-gold color. A degree of semiprooflike mirroring is seen in the fields, and the surfaces are unusually free of major abrasions. Overall, this is a highly pleasing example of this conditionally scarce first-year issue. Census: 27 in 62 (2 in 62+), 13 finer (8/14). Ex: Eric P. Newman Numismatic Education Society.
Realized $31725.00. Description courtesy of Heritage Auctions.