1865 $20 XF45

CERTIFICATION#: -4533
PCGS#: 8943

Owner's Comments

Expert Comments

Ron Guth: Much of what we know about the 1865 $20 has changed since David Akers wrote about them decades ago.  The most significant development was the discovery in 2003 of approximately three hundred 1865 $20 gold pieces in the shipwreck of the S.S. Republic.  After conservation, numerous Mint State examples swelled the population and the condition census.  Despite the addition of hundreds of coins to the known populations, the 1865 still conforms to Akers' conclusions of long ago -- the 1865 $20 remains rarer than all the dates cited by Akers (1855, 1856, 1857, 1858, 1859, 1862, 1863, and 1864) and it remains less common than the 1854 and the 1860.  However, Akers' comments on condition are no longer relevant.  Now, every 1865 $20 in the PCGS Condition Census grades at least MS64 and the finest examples rate out at MS65.

David Akers (1975/88): The 1865 is a scarce date but it is not as rare as the 1855-1859 P-Mint issues or the 1862, 1863 and 1864. It is, however, more rare than the 1854 or 1860. When available, the typical 1865 is VF or EF although an occasional AU can also be located. In full mint state, the 1865 is rare and choice (63) quality uncs are very rare. I have never personally seen a gem 1865 and so I cannot say for sure whether or not one exists.

Diameter: 34.00 millimeters Designer: James Barton Longacre Edge: Reeded
Mintage: 351,175 Weight: 33.40 grams Metal Content: 90% Gold, 10% Copper
20
1,660
25
1,715
1
45+
2,500
50+
3,250
53+
4,050
55+
5,000
58+
6,300
63+
27,500
64+
49,000
2

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 1,008 R-4.9 21 / 44 TIE 40 / 148 TIE
60 or Better 28 R-8.9 20 / 44 TIE 36 / 148 TIE
65 or Better 0 R-10.1 1 / 44 1 / 148

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade   Heritage 4/2013:4575, $88,125
2 MS64+ PCGS grade  
2 MS64+ PCGS grade  
3 MS64 PCGS grade
3 MS64 PCGS grade