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1849 1-oz Gold Double Eagle NGC Ultra Cameo Gem Commemorative Proof
Now You Can Own a National Treasure That's Never Been Available Before
Sheiks, oil barons and even J.P Morgan couldn't buy the 1849 $20 Gold Double Eagle Proof. Now you can!
It all started the day there was too much gold at the U.S. Mint. Before the discovery of gold in California in 1848, the largest denomination coin struck by the U.S. Mint was the $10 Gold Eagle. By 1849, a river of gold was streaming into the U.S. Mint at Philadelphia. And the tide was rising fast.
In 1849 Mint Director Robert Patterson used the increase in gold supply to craft a plot to get rid of Chief engraver James Longacre. He persuaded congress to create a new gold coin-the $20 Gold Double Eagle-to use up all that gold from California. Then, he claimed Longacre didn't have the skill to design it, and fired him! Luckily, Longacre got his job back in time to design one of the most classic of U.S. Gold coins: the $20 Liberty Gold Double Eagle-and it was the first Gold Double Eagle ever struck at the U.S. Mint!
The very first coins were struck as proofs in late 1849. Only two first-ever $20 Gold Proofs survived-and one of them disappeared! Only one 1849 proof is known to exist today. The other one fell off the coin radar in the 1880s. The known 1849 proof is housed at the Smithsonian Institution's National Museum of American History in Washington. For over a hundred years the rich and famous have tried to buy the only known 1849 proof for the bragging rights. Every offer, no matter how large, was refused. Today, it's an American treasure.
And, thanks to authorization from the Smithsonian Institution, a limited edition 1849 $20 Gold Eagle Tribute Proof is now available. Each is struck in one ounce of 99.9% gold and is certified Gem Proof by Numismatic Guaranty Corporation (NGC). Each comes in a tile-topped wood display case featuring a historic photo of James B Longacre, the designer of the Liberty Double Eagle, and includes a certificate that details the historic background of Longacre and the 1849 Double Eagle.
It's the only coin listed in the Red Book with a mintage of one! Secure your commemorative proof before this limited edition disappears. It's a national treasure sure to become a cherished focal point of your collection.
|Year of Issue||2011, 1849|
|Weight||1 Ounce - oz|