1870-S $20 AU58 NGC....

Description

Near-Mint State 1870-S Double Eagle

1870-S $20 AU58 NGC. While the mintage of the 1870-S twenty dollar approaches 1 million pieces, most were apparently destroyed or exported, never to return to the States. NGC/PCGS population reports indicate that surviving coins are in XF to low AU levels of preservation. Mint State examples are very rare, and most known specimens grade MS60 or MS61. Near-Mint State pieces such as the present offering are thus the finest most collectors will be able to locate. Peach-gold surfaces imbued with traces of reddish-tan possess ample luster and are well struck. Scattered small marks are consistent with a large, heavy gold coin that saw brief circulation.(Registry values: N991)

Coin Index Numbers: (NGC ID# 26A9, PCGS# 8959, GSID# 9912)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Melt Value: $1,131.98
Gold Spot: $1,170/oz (12-04-2009)
Mintage: 982,000

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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