1854-S $20 MS (PCGS#8913)
August 2018 ANA U.S. Coins Auction Philadelphia, PA
- 拍卖行
- Stack's Bowers
- 批号
- 1326
- 等级
- AU55
- 价格
- 147,775
- 详细说明
- Desirable Choice AU 1854-S Double Eagle
1854-S Liberty Head Double Eagle. AU-55 (PCGS).
A wonderful ivory-gold example of this coveted San Francisco issue. The luster remains vibrant and satiny, with the protected regions harboring a soft, glowing complexion. The surfaces are overall smooth and untroubled, with a small mark to the right of star 3 as the only identifying blemish. It is otherwise exceptionally preserved and attractive, with particularly choice surfaces to be seen on the reverse.
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 high 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 their heavy use in a cash-starved West, this is a comparatively scarce issue that is almost always found in low grade. 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 would become available. Even so, this issue is rare in Mint State and unknown above MS-65, stressing the significance of the present Choice AU specimen.
Provenance: From the Fairmont Collection.
PCGS# 8913. NGC ID: 268U.
Click here for certification details from PCGS.
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