ON HOLD - $20.00 - 1863 PCGS AU53 CAC

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sold out

ON HOLD - $20.00 - 1863 PCGS AU53 CAC

14,500.00

Date…….1863
Grade…….PCGS AU53 CAC
PCGS Price Guide.….….…16500
Population (PCGS).……….24/67
Population (NGC).…….…..32/114
Population (CAC).……..…..10/16
Serial Number…….8939.53/37887299
PCGS Lookup Number…….8939

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SCARCE PCGS/CAC AU53 1863 DOUBLE EAGLE

The 1863 is the second rarest of the five Civil War double eagles from Philadelphia after the 1862. It is not often seen nice than AU53 to AU55 and the majority of the pieces known in this range are bagmarked and unattractive. There were fewer than 10 of this date in the Fairmont offerings and these have all been absorbed by collectors.

This piece has the naked eye appearance of an AU55 with tons of original mint luster adhering to very lightly abraded surfaces. This piece was not sourced from an overseas source and it lacks the deep color and crusty surfaces which those pieces often display. This piece has minimal actual wear and it probably saw just a short sojurn into commerce.

The last PCGS/CAC AU53 1863 double eagle to sell at auction brought $14,400 as Stack’s Bowers 10/18: 2172. Just before the Fairmont pieces hit the market, a non-CAC PCGS AU53 sold for $18,800 as Stack’s Bowers 3/17: 3137.

If you have been waiting out the downturn in the market for legitimately scarce Type One issues like the 1863, it seems like prices have firmed and I can’t anticipate them getting cheaper unless more coins are found overseas.

CAC has approved 10 in this grade with 26 finer.

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