1861-S $20 MS61 PCGS. CAC....

Description

1861-S Double Eagle, MS61
From the S.S. Republic Shipwreck
Ex: Gilded Age Collection

1861-S $20 MS61 PCGS. CAC. Ex: S.S. Republic, The Gilded Age Collection. The existence of roughly 40 to 55 Mint State 1861-S double eagles is a direct result of the sinking of the S.S. Republic in October 1865. Had the coins not gone down with the ship, they would have certainly entered into domestic circulation, been exported, or melted. High-grade examples make up only about 1% of the surviving population of perhaps 4,000 to 6,000 pieces. This impressive S-mint offering is highly lustrous and frosty with light yellow-gold coloration. The obverse is decidedly better-struck than most Type One twenties, but the reverse strike is what sets this example apart from its peers. Although lightly marked, the surfaces are far more appealing than the grade implies. Population: 11 in 61, 8 finer. CAC: 2 in 61, 5 finer (6/17).
Ex: J.B. Worthington Collection (American Numismatic Rarities, 5/2005), lot 418; Gilded Age Collection (Stack's Bowers, 8/2014), lot 12024, which realized $25,850.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 269K, PCGS# 8935, Greysheet# 9900)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 1.06oz
Mintage: 768,000

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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