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    Description

    1857-S Double Eagle, MS67
    Variety 20A, Spiked Shield
    With the Box and Certificate

    1857-S $20 Spiked Shield, Variety 20A, MS67 PCGS. CAC. One of the most important numismatic events of the last quarter-century was discovery of the S.S. Central America treasure that was lost when that ship sunk in a hurricane in September 1857. The loss of so much gold was one of the contributory factors in the financial panic that year. Nearly 600 passengers, cargo, and a massive quantity of gold in the form of coins and ingots, came aboard the S.S. Central America in Panama on September 3, ready for the journey to New York City. Estimates suggest that the gold on board amounted to 100,000 ounces (more than three tons of gold). The ship docked at Havana on September 7, and was on its way again the next morning. The pleasant weather changed, and continued to worsen until Captain Herndon and his crew were sailing the vessel in a hurricane. Finally, the order came to abandon ship on September 12. Personal fortunes were left behind as 109 passengers were saved when the brig Marine came to aid those passengers, mainly women and children.

    The Columbus-America Discovery Group was formed in Ohio in the early 1980s and finally located the wreck of the S.S. Central America in 1986. In time, more than 400 gold bars and over 5,400 1857-S double eagles were recovered from more than 7,000 below the ocean surface. Many other coins were found as well. Today, PCGS records a certified population of 7,355 1857-S double eagles but only 16 of those have achieved the MS67 grade, and none are finer (12/19).

    The 1857-S double eagles were marketed in special presentation binders and custom boxes, including a certificate of authenticity. All of that material is included with the present lot that features a CAC-approved Superb Gem, displaying frosty yellow luster and incredible eye appeal. The surfaces are pristine, with splashes of orange patina. An amazing representative, one of the finest imaginable 1857-S double eagles.
    From The Kodiak Collection. (Registry values: P2)

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

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    February, 2020
    20th-23rd Thursday-Sunday
    Bids + Registered Phone Bidders: 18
    Lot Tracking Activity: N/A
    Page Views: 1,302

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