1860-S $20 MS61 PCGS Secure....

Description

1860-S Double Eagle, MS61
A Rarity in Uncirculated Condition

1860-S $20 MS61 PCGS Secure. Original orange-gold and peach luster illuminates frosty surfaces on this Mint State 1860-S double eagle. The design elements are well-struck and there is no evidence of die lapping in the recesses of the devices. Scattered light abrasions limit the grade but none are individually bothersome. The 1860-S double eagle is plentiful in circulated grades, but it becomes a great rarity in Mint State. Moreover, there are only a couple of coins known finer than MS62, and no Gems are believed to survive. In their gold coin Encyclopedia, Garrett and Guth write: "The 1860-S double eagle was struck in ample quantity and was a workhorse of commerce. Most of the coins struck saw heavy circulation. ... Only about two dozen Uncirculated coins are known, including examples found on the wrecks of the S.S. Brother Jonathan and S.S. Republic." Population: 17 in 61, 12 finer (9/18).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 269F, PCGS# 8931, Greysheet# 9898)

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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