1856-S $20 -- Sea Salvaged -- NGC Details. Unc....

Description

1856-S Double Eagle, Unc Details
Probably From the Fort Capron Hoard

1856-S $20 -- Sea Salvaged -- NGC Details. Unc. Believed to be a part of the Fort Capron Hoard of 1856-S twenties that are sand-and-surf-etched coins. It is odd that not that many years ago the 1856-S was prohibitively rare in high grades. Today more than 1,000 mostly Uncirculated and largely unblemished pieces from the S.S. Central America are known, and added to that are a unknown number of the same date and mintmark from a different source. This piece shows the sharp definition usually associated with coins from the Fort Capron Hoard. The surfaces are only slightly abraded, and the coin's color is attractive and multi-hued. However, as one would expect from a sea-salvaged coin, the mint luster is greatly subdued.
Ex: Long Beach Signature (Heritage, 9/2011), lot 4467, which realized $2,530.

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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