1858-S $20 MS62 PCGS. CAC....

Description

1858-S Double Eagle, MS62
Rare Condition Census Example

1858-S $20 MS62 PCGS. CAC. Ex: The Fairmont Collection. The San Francisco Mint produced more than 846,000 double eagles in 1858, but the vast majority of these coins were released into circulation, finding no contemporary numismatic interest. The issue's scarcity in Mint State reflects how elusive the 1856-S and 1857-S coins were prior to the discovery of the S.S. Central America shipwreck. Since the Central America left port in Panama in 1857, the 1858-S double eagle was not represented in the shipwreck's treasure. Thus, while the 1856-S and '57-S are plentiful today, the 1858-S remains a condition rarity.

This is a Condition Census example of the date, and it is tied with one other coin for the finest endorsed by CAC. Sharp motifs complement softly frosted orange-gold luster. Scattered light abrasions are in keeping with the grade. Population: 5 in 62, 2 finer. CAC: 2 in 62, 0 finer (6/24).(Registry values: N1)

Coin Index Numbers: (NGC ID# 2699, PCGS# 8925, Greysheet# 9894)

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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