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1890-CC $20 Coin of the Week 7-18-10
14 years 5 months ago - 14 years 5 months ago #1308
by LITAS
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The 1890-CC $20 is fairly scarce (compared to double eagles from other mints) and, like all Carson City coins, fantastically popular. Examples are generally available in grades from VF to MS-62, although gems exist too. It is extremely rare in MS-63 and better with just one currently known.
Circulation strike mintage: 91,209
The 1890 was the fourth highest annual mintage of double eagles, covering the entire span of time the facility struck coins.
PCGS Price Guide,
VF-30 ...... $1,930
EF-40 ...... $2,300
AU-55 ...... $3,000
MS-60 ..... $7,500
MS-62 ..... $14,000
MS-63 ..... $32,500
Recent Auction Prices,
AU-58 ..... $2,760 ....... April, 2009
MS-60 ..... $2,300 ...... January, 2005
MS-62 ..... $10,925 ..... December, 2008
MS-63 ..... $32,500 ..... May, 2005
The Coin Dealer Newsletter,
XF .......... $1,600
AU-58 ..... $2,600
MS-60 ..... $4,000
MS-62 ..... $9,000
MS-63 ..... $25,000
This double eagle in AU-58 is popular with advanced Type Set collectors, since it is readily available and is reasonably priced. Even the Smithsonian Institution specimen is AU-58.
In 1890 double eagles continued to be exported in large quantities to Europe. Europeans wanted gold and were fearful that Americans might start paying their foreign debts in silver. At that time silver was completely out of favor with European central banks. For example, in the summer of 1890 in two months over $15,000,000 worth of gold was shipped to France.
If you are interested in information about varieties or other minutiae go to the Books and Reference Resources of this forum, there you will find many books dealing with those subjects.
At present paper money presses are working 24 hours a day, soon the inflation will be here to adjust the value of the dollar. For example, if a 1901 $1 adjusted for inflation by 2001 became equal to $20, in the next 10 years it may be equal to $100.
Although the Federal Reserve is trying to keep the price of gold down, it will not be able to do it forever, so do not wait for price of gold to reach $2,000 per ounce, buy as many of these beauties (1890-CC $20) as you can at these low prices.
John Armonas
1890-CC $20 Coin of the Week 7-18-10 was created by LITAS
The 1890-CC $20 is fairly scarce (compared to double eagles from other mints) and, like all Carson City coins, fantastically popular. Examples are generally available in grades from VF to MS-62, although gems exist too. It is extremely rare in MS-63 and better with just one currently known.
Circulation strike mintage: 91,209
The 1890 was the fourth highest annual mintage of double eagles, covering the entire span of time the facility struck coins.
PCGS Price Guide,
VF-30 ...... $1,930
EF-40 ...... $2,300
AU-55 ...... $3,000
MS-60 ..... $7,500
MS-62 ..... $14,000
MS-63 ..... $32,500
Recent Auction Prices,
AU-58 ..... $2,760 ....... April, 2009
MS-60 ..... $2,300 ...... January, 2005
MS-62 ..... $10,925 ..... December, 2008
MS-63 ..... $32,500 ..... May, 2005
The Coin Dealer Newsletter,
XF .......... $1,600
AU-58 ..... $2,600
MS-60 ..... $4,000
MS-62 ..... $9,000
MS-63 ..... $25,000
This double eagle in AU-58 is popular with advanced Type Set collectors, since it is readily available and is reasonably priced. Even the Smithsonian Institution specimen is AU-58.
In 1890 double eagles continued to be exported in large quantities to Europe. Europeans wanted gold and were fearful that Americans might start paying their foreign debts in silver. At that time silver was completely out of favor with European central banks. For example, in the summer of 1890 in two months over $15,000,000 worth of gold was shipped to France.
If you are interested in information about varieties or other minutiae go to the Books and Reference Resources of this forum, there you will find many books dealing with those subjects.
At present paper money presses are working 24 hours a day, soon the inflation will be here to adjust the value of the dollar. For example, if a 1901 $1 adjusted for inflation by 2001 became equal to $20, in the next 10 years it may be equal to $100.
Although the Federal Reserve is trying to keep the price of gold down, it will not be able to do it forever, so do not wait for price of gold to reach $2,000 per ounce, buy as many of these beauties (1890-CC $20) as you can at these low prices.
John Armonas
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