1854-S $20 MS (PCGS#8913)
November 2019 Baltimore U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 8485
- 等级
- AU50
- 价格
- 75,964
- 详细说明
- 1854-S Liberty Head Double Eagle. AU-50 (NGC).
Highlights of iridescent reddish-rose blend with dominant khaki-gold patina on both sides of this handsome piece. Boldly to sharply defined with plenty of luster remaining. After several years of political wrangling, the mint in San Francisco was finally opened for business in March of 1854. The mint was first located in the offices of the highly regarded private coiners Moffat & Company at 608-610 Commercial Street until 1874 when it was replaced by a larger facility better suited for mass production. The first coins struck were the five main gold denominations: the gold dollar, quarter eagle, half eagle, eagle, and the double eagle. A total of 141,468 $20 gold pieces were struck that first year, all of which were promptly absorbed into the regional economy and would remain there for years. Because of the coins' heavy use in a cash-starved West, this is a comparatively scarce issue that is almost always found in low grades. It was not until a group of 1854-S double eagles were found on the wreck of the Yankee Bladedid any examples in higher degrees of conservation become available. Even so, this issue is rare in Mint State and unknown above MS-65, stressing the significance of the present AU specimen.
PCGS# 8913. NGC ID: 268U.
Click here for certification details from NGC.
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