1857-S $20 MS65 PCGS....

Description

Gem 1857-S Spiked Shield Double Eagle
From the 'Ship of Gold'

1857-S $20 MS65 PCGS. Ex: S.S. Central America. Variety 20A, Spiked Shield. SSCA 2719. The Spiked Shield is the most available variety of the several discovered among the Central America coins, and thus the present coin presents an opportunity for collectors. The S.S. Central America has become probably the best-known American shipwreck except for the Titanic--and after all, the movie hasn't come out yet. The recent Long Beach "Ship of Gold" exhibit has certainly rekindled interest in the wrecked steamer and its vast trove of numismatic treasures. This piece sports bright yellow-gold mint frost, with a hint of the often-seen reddish patina appearing as a streak in the exergue. The strike is full, and while there are a couple of minor marks, the excellent luster and eye appeal overwhelm other considerations.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 2696, PCGS# 8922, GSID# 9884)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Melt Value: $1,129.07
Gold Spot: $1,167/oz (04-29-2010)
Mintage: 970,500

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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