1854-S $20 MS61 PCGS....

Description

1854-S Double Eagle, MS61
First-Year San Francisco Issue

1854-S $20 MS61 PCGS. The Gold Rush in California during the early 1850s created a need for a federal assayer in the region, which was filled by the U.S. Assay Office of Gold in San Francisco in 1851. Later, this was replaced by a newly authorized branch mint, which was made operational in early 1854, occupying the same building that originally housed the Assay Office. The San Francisco Mint's initial coinage abilities were limited due to a shortage of parting acids for the raw ore that was being deposited at the facility, and only a little more than 141,000 double eagles were struck the first year. The 1854-S twenty is today scarce in Uncirculated condition. This example is sharp and displays luminous orange-gold satin luster. There are only trivial surface marks, and eye appeal is outstanding for the grade. Population: 9 in 61, 42 finer (3/21).(Registry values: N2998)

Coin Index Numbers: (NGC ID# 268U, PCGS# 8913, Greysheet# 9849)

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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