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5160

1865-S $20 MS63 NGC....

2012 November 29 - December 2 US Coin Signature Auction - Houston #1177

 
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Auction Ended On: Nov 30, 2012
Item Activity: 7 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010

Description:
Select 1865-S Twenty
Likely Shipwreck Recovery
1865-S $20 MS63 NGC. The 1865-S double eagle was, by a slim margin, the highest-mintage of the six Civil War-era S-mint issues, struck in an amount slightly more than 1 million coins. But like many issues struck in the far West, the issue largely and widely circulated, and it would take two shipwreck recoveries to make available nice Mint State coins. Garrett and Guth point out that the Harry W. Bass, Jr. coin was an XF. This Select example shows few marks for the grade, but the mint luster is a bit subdued, likely accounting for the MS63 level. This piece is not specifically provenanced to a shipwreck, but it certainly bears all the hallmarks of one.(Registry values: N2998) (NGC ID# 269V, PCGS# 8944)

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