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Lot
3990

1857-S $20 MS62 NGC....

2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach #1182

 
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Auction Ended On: Feb 7, 2013
Item Activity: 8 Internet/mail/phone bidders
621 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
1857-S Inverted Mintmark Twenty, MS62
From the
S.S. Republic
1857-S $20 MS62 NGC. Ex S.S. Republic. Most 1857-S double eagles in the market place are from the S.S. Central America discovery that sank in September of that year. However, eight years later, the S.S. Republic sank, also with a remarkable gold treasure. This piece is from the latter treasure.

The large S mintmark is right of center over the N in TWENTY and was punched in the die upside down, as the top of the mintmark is heavier than the bottom. It should be the other way around. While this example shows scattered marks, both sides are fully brilliant with frosty mint luster and lovely light yellow surfaces.(Registry values: N2998) (NGC ID# 2696, PCGS# 8922)

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