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Lot
5417

1865 $20 MS64 NGC....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 5 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
1865 Type One Twenty, MS64
From the
S.S. Republic Treasure
1865 $20 MS64 NGC. Ex: S.S. Republic. Over the last 25 years, three ocean treasures have been recovered, ensuring an ample supply of Type One double eagles for today's collectors. The S.S. Republic was the last of those three ships to sink, succumbing to a hurricane on October 25, 1865. Launched in 1853 as the merchant ship S.S. Tennessee, the ship fell into Confederate hands in 1861, and was recaptured by the U.S. government in 1864. Decommissioned at the end of 1864, the ship was sold at auction in March 1865 and renamed the S.S. Republic.
Minted earlier the same year, this Choice Mint State double eagle has brilliant yellow luster with satin surfaces and bold design motifs. A few small marks on Liberty's cheek prevent a higher grade.(Registry values: N1) (NGC ID# 269U, PCGS# 8943)

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