1850 $20 Liberty. NGC graded AU-53. Untoned. Production of the new $20 denomination commenced to help relieve the pressure from vast amounts of gold bullion that was flowing in from the California gold fields. Most gold that reached the East Coast arrived by a circuitous route, down the West Coast of California, Baja, and Central America to Panama, where it was transported by wagon (and later by railroad) across the Isthmus to be loaded onto a (usually) paddlewheel steamboat for transporting the metal and passengers up to the Mid-Atlantic ports as well as New Orleans at the mouth of the Mississippi River
(PCGS # 8902) .
Estimated Value $3,000 - 3,200.
$20 Gold,
$20 Liberty/No Motto
