1865-S $20 MS (PCGS#8944)
August 2018 ANA U.S. Coins Auction Philadelphia, PA
- 拍卖行
- Stack's Bowers
- 批号
- 4458
- 等级
- MS60
- 价格
- 39,407
- 详细说明
- 1865-S Liberty Head Double Eagle. MS-60 (PCGS). CAC.
A boldly patinated orange-gold example that is also bathed in softly frosted, slightly granular luster. Sharply struck throughout with solid Mint State quality, this is a handsome 1865-S twenty that would do equally well in a high grade gold type or date set. The mintage for this issue is 1,042,500 pieces ($20,850,000 in face value), one of the largest production figures for the denomination during the Civil War and Reconstruction eras. These circulated freely on the West Coast, where most became well-worn in a relatively short time. The 1865-S was once considered an extreme rarity in Uncirculated condition. David W. Akers in his 1982 double eagle reference book accounted for just three listings of Mint State examples in a survey of more than 400 major auction sales. This all changed in 1999 when gold coins excavated from the wreck of the S.S. Brother Jonathan came on the market. Nearly 600 Mint State 1865-S double eagles were recovered from that shipwreck. Wait, there's more! Later, the S.S. Republic treasure yielded 939 pieces. All of these treasure coins were quickly snapped up by eager buyers -- testimony to the depth and breadth of the rare coin market.
Provenance: From the Fairmont Collection.
PCGS# 8944. NGC ID: 269V.
Click here for certification details from PCGS.
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