1866-S $20 No Motto XF45 NGC....

Description

Rare 1866-S No Motto Double Eagle XF45

1866-S $20 No Motto XF45 NGC. Based upon the substantial amount of mint luster that remains evident on the surfaces of this rare No Motto coin, it would seem to be undergraded at the Choice XF tier. Numerous small to moderate abrasions appear on both sides of the piece, however, and this factor may have limited the final grade assessment. The 1866-S double eagle is a problematic issue that is currently shown to have a mintage of 12,000 pieces in the 2008 Guide Book of United States Coins, while the Guide Book of Double Eagle Gold Coins (2004) lists the mintage for this issue at 120,000 coins. Regardless of the actual number originally minted, it seems clear that only around 200 pieces are currently known to exist; and all of those examples are in circulated condition, except for two coins graded at MS60. A major rarity and a major opportunity for the advanced specialist in this immensely popular series. (Registry values: N2998)

Coin Index Numbers: (NGC ID# 269W, PCGS# 8945, Greysheet# 9906)

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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