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5476

1870-S $20 MS61 NGC....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 5 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
Challenging MS61 1870-S Double Eagle
1870-S $20 MS61 NGC. Though the "gold economy" of the United States faltered east of the Rocky Mountains because of the Civil War, the metal did not fall out of use on the West Coast during that time, and so coins such as the double eagle remained workhorses of commerce in post-Civil War California and Oregon. In fact, the denomination circulated so heavily that many Type Two double eagles from San Francisco are now condition rarities in Mint State. The 1870-S is among them, but we are privileged to offer a great representative here. The strike shows an element of softness on the portrait, but the honey-gold surfaces with their bold orange overtones offer immense luster. Scattered wispy abrasions and a few deeper marks, including one under Liberty's chin, contribute to the grade. Census: 21 in 61, 8 finer (2/11).(Registry values: N4719) (NGC ID# 26A9, PCGS# 8959)

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