1866-S $20 Motto MS61 NGC....

Description

1866-S With Motto Twenty, MS61
Rare in Mint State

1866-S $20 Motto MS61 NGC. Experimentation with a motto expressing national trust in God first appeared on patterns in the early 1860s, and in 1864 IN GOD WE TRUST debuted on a circulating issue via the the two cent denomination. Two years later, a legislative change mandated the motto on all medium-diameter and larger silver and gold coins. Double eagle coinage at San Francisco in 1866 reached 120,000 pieces before the new With Motto reverse dies were received. The new type was then coined to the extent of more than 842,000 pieces. The No Motto 1866-S double eagle is scarce in all grades today, and the With Motto coin is available in circulated condition but rare in Mint State.

This is an unworn example of the first Type Two S-mint double eagle issue, softly struck through the centers but with solid detail on many of the obverse stars. Dusky yellow-orange surfaces show marks and scrapes but also rich luster that blossoms on lightly patinated surfaces. Only a handful of finer coins are known. Census: 20 in 61 (2 in 61+), 3 finer (11/17).
Ex: Boston Signature (Heritage, 8/2010), lot 3576.
From The Gator Man Collection. (Registry values: N7079)

Coin Index Numbers: (NGC ID# 269Y, PCGS# 8950, Greysheet# 9907)

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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