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Lot: 2280
Auction: 1110  
1866-S $20 No Motto AU53 PCGS....
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This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Ended: Jun 26, 2008
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Conditionally Rare 1866-S No Motto Twenty, AU53


1866-S $20 No Motto AU53 PCGS. Within the past two years a single Mint State 1866-S No Motto double eagle was certified at PCGS. Prior to that monumental occurrence, all experts agreed that only circulated examples existed of this enigmatic issue. Jeff Garrett and Ron Guth, in their Encyclopedia of U.S. Gold Coins (2006) explain: "Even by today's more liberal standards, there are no known Mint State examples. Both the Bass and Smithsonian specimens grade just Extremely Fine." Akers, Breen, Winter, Crum, Bowers, and other specialists have shared the same sentiments in their past writings. The lone Uncirculated specimen graded by PCGS as MS60 is likely one of the AU58 coins in the Population Report. The NGC Census Report now lists two Mint State 1866-S No Motto twenties: an MS60 and an MS61. It is likely that the combined population of the three Uncirculated specimens represent one or, at most, two coins, keeping in mind the ubiquitous practices of resubmitting coins to realize a higher grade and crossing a coin to a different service.
With fewer than 200 examples believed extant in all grades, the 1866-S No Motto is rare regardless of condition. In fact, it is considered the second rarest S-mint Liberty double eagle, behind the 1861 Paquet Reverse. Most pieces encountered are at the VF level and XF specimens are considered "excessively rare" (David Akers, 1982). Those capable of procuring a high grade example will be pleased with the acquisition of an eye-appealing AU coin, such as the piece offered here. Abrasions in the fields confirm that this coin either circulated lightly or was handled as bullion after being struck, as were all 1866-S No Motto double eagles. Original and showing ample luster, the current piece is an exceptional representative of this elusive issue. A notable mark on the cheek adjacent to Liberty's mouth is perhaps all that keeps this coin from a Choice AU designation. Population: 12 in 53, 8 finer (5/08).(Registry values: N4719) (#8945)

Auction Name: 2008 June West Palm Beach, FL (Summer FUN) Signature Coin Auction #1110
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-2455)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 4 Internet/mail bidders, 967 page views



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1127, Lot 2006 Sunday, July 12, 2009 53 PCGS $46,000.00
Auction 336, Lot 3119 Saturday, January 10, 2004 53 PCGS $27,600.00
Auction 1117, Lot 3044 Saturday, October 25, 2008 53 NGC $46,000.00
Auction 444, Lot 2020 Sunday, August 12, 2007 53 NGC $43,125.00
Auction 184, Lot 6559 Saturday, March 21, 1998 53 PCGS $9,487.50
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

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