1854-S $20 AU58 NGC. CAC....

Description

1854-S Twenty Dollar, AU58
First-Year San Francisco Issue

1854-S $20 AU58 NGC. CAC. Ex: Eric P. Newman Collection. Production at the newly opened San Francisco Mint began in April 1854, with coinage of the first double eagles bearing an S mintmark. Due in part to the sizeable numbers of privately minted small denominations circulating in Gold Rush-era California, depositors typically requested large denominations, and therefore the new mint's resources were primarily utilized for eagles and double eagles its first year of operation.

More than 141,000 double eagles were produced, but surprisingly few survive today. Most of the high-grade coins known trace their origin to the S.S. Yankee Blade shipwreck, which was discovered with its vast gold stores in the late 1970s. The shipwreck coins are usually bright and etched to some degree by saltwater exposure. Examples not from the shipwreck, with original orange-gold patina, are extremely rare in the upper AU levels and prohibitively so in Mint State. The near-Mint Newman coin boasts unusually smooth surfaces and bold design definition. Luminous apricot-gold surfaces are blatantly original and increase the eye appeal. Census: 23 in 58, 49 finer. CAC: 8 in 58, 5 finer (4/23).
Ex: Eric P. Newman Collection, Part V (Heritage, 11/2014), lot 3349; Central States Signature (Heritage, 4/2017), lot 4313.(Registry values: N1793)
From The Wilton Collection of Type 1 $20 Liberties.

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

Weight: 33.44 grams

Metal: Gold

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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