1857-S $20 Spiked Shield MS65 PCGS....

Description

Gem 'Spiked Shield' 1857-S Twenty
Ex: S.S. Central America Shipwreck

1857-S $20 Spiked Shield MS65 PCGS. Ex: S.S. Central America. Variety 20A. After the S.S. Central America foundered in 1857, its loss of its gold cargo caused a financial panic, and was then forgotten. In 1988, the wreck was located and recovery operations began. Court battles with insurance companies delayed the sale of the treasure for another ten years. Finally, in 2000, 1857-S twenties in remarkably high grade were offered in gold label PCGS holders. Many such pieces were freed from their capsules and resubmitted to services in hopes of a higher grade, but the present coin remains as it was when it was certified in 2000. It is a beautiful Gem with smooth and lustrous butter-gold fields and devices. The strike is precise, and the eye appeal is outstanding.(Registry values: P2)

Coin Index Numbers: (Variety PCGS# 70000, Base PCGS# 8922, GSID# 9892)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz

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.

View Certification Details from PCGS