1854-P $20 Liberty Double Eagle Gold NGC AU55 Rare Large Date

1854-P $20 Liberty Double Eagle Gold NGC AU55 Rare Large Date.

Collectors Universe Price Guide $17,500.00

When the San Francisco Mint opened in 1854, mintages at Philadelphia and New Orleans greatly diminished, as it was no longer necessary for California gold miners to ship their gold at great expense and great risk to the faraway Pennsylvania and Louisiana coinage factories. Double eagle production at Philadelphia was half-a-million coins fewer than in the previous year. This Choice AU representative is better than the average certified coin that grades AU53. The surfaces are lustrous light yellow with splashes of dark patina on the obverse and reverse high points. The Large Date variety of 1854 is substantially rarer than the Small Date, appearing once for every eight submissions of 1854 double eagles.