Owner Comments:
The 1893-CC $20 in the Grandview collection displays lustrous yellow gold intermixed with subtle reddish coloration especially around the periphery. The surfaces have very few abrasions for the grade with the only noticeable marks on the chin.
This coin was previously in the Richard J. Chouinard Collection which was sold by Heritage Auctions in 2005. Richard Chouinard collected coins for more than 6 decades, starting near the end of the Depression. His collection was quite extensive, purchasing coins from many of the top dealers during the past fifty years including Abe Kosoff, Hans Schulman and Lester Merkin.
According to the Heritage press release (12/17/04) featuring the Chouinard collection, his greatest numismatic love was the Liberty Head Double Eagle. At first, the intrinsic gold content of the double eagle made this coin particularly appealing to him, but as he grew in the hobby, so did his appreciation for the coin's historic and aesthetic qualities. His collection contained numerous high grade coins from throughout the series, including the finest known 1891 $20 (NGC MS64 PL, ex Dallas Bank Collection) and the low mintage 1885 $20 (MS62 NGC). While these were the highlights and most valuable coins in the collection, he had many double eagles that were exceptional for the grade with excellent eye appeal. During the 2005 auctions featuring the Chouinard collection, many records were set for highest price realized within a grade. The two AU58 1893-CC twenties in the collection both realized $4,887.50, which was much higher than previous AU58 examples, and approximately the price level that MS61 examples were realizing at the time.