1859-S $20 MS(PCGS#8928)

August 2023 Global Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

6652

Grade

MS60

Price

7,200

Lot Description

1859-S Liberty Head Double Eagle. MS-60 (PCGS). Deep khaki-gold color dominates the complexion of this Mint State example. The surfaces show original composure, with luster and typical friction and contact marks across the high point and exposed regions. A rather typical appearance for the basal MS-60 grade level is noted throughout. The mintage for this elusive issue is 636,445 pieces, more than 210,000 coins fewer than reported for the 1858-S. Face value equaled $16,934,200. Only 35 to 50 different Mint State examples of the 1859-S can be accounted for today. The high grade rarity of this issue is nearly unknown outside of the field of specialized double eagle collectors for the 1859-S has not been represented in any significant hoards, either shipwreck treasures or repatriations from foreign holdings. While the S.S. Republic did yield 67 1859-S double eagles, only one of those coins has been designated as Mint State. This richly original example represents a fleeting bidding opportunity for the astute gold collector. PCGS Population: 14; 48 finer through MS-63. PCGS# 8928. NGC ID: 269C. Click here for certification details from PCGS.