Goldberg Coins and Collectibles



Sale 100

September 3-6 2017 Pre Long Beach Sale


$20 Liberty/With Motto
 
 
Lot Photo Description Realized
Lot 1285
1867-S. PCGS graded EF-45. Frosty and lightly toned (PCGS # 8952) Estimate Value $1,200 - 1,250
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Realized
$1,469
Lot 1286
1867-S. PCGS graded EF-40. A hint of tone (PCGS # 8952) Estimate Value $1,150 - 1,200
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Realized
$1,363
Lot 1287
1867-S. PCGS graded VF-35. Lightly toned (PCGS # 8952) Estimate Value $1,150 - 1,200
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Realized
$1,316
Lot 1288
1868-S. PCGS graded AU-55. A frosty coin (PCGS # 8954) Estimate Value $1,700 - 1,800
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Realized
$2,056
Lot 1289
1869. PCGS graded Proof 64 Deep Cameo. PQ. Lovely light golden toning wiht fantastic eye appeal and contrast between the devices and fields. For identification there is a faint lintmark over the R in LIBERTY in Liberty's hair. These few Proofs were struck for collectors at the time, and they must have been sold at a premium as gold was trading well of the stated value of this coin at the time of issue. Only 25 examples struck and this is clearly one of the finer examples known today.

The year 1869 is of particular interest in history. The Civil War was over in 1865, but the monetary upheaval continued. President Lincoln had helped the North finance the war with the issue of Greenbacks, currency which was legal tender for all government debts, but could not be exchanged for gold at par. That meant that a $20 greenback note, would not be honored in exchange for a double eagle gold coin. By 1869 the premium of gold coins to greenbacks was around 130%, thus at $20.67 per ounce gold (officially) the 30% premium paid for gold meant the greenbacks of $20 were valued at $14.47 in gold buying power. Gold coins were still needed for most international transactions, so banks were supplied with them but the premium moved up and down depending on the supply of greenbacks and the market forces at any given time.

This was a situation that offered opportunity.to some. Two famous speculators of the time, James Fisk and Jay Gould noted that the government was slowly releasing treasury gold into the market to bring down the premium for the greenbacks in circulation. In time the premium might disappear. Looking for an edge, Gould and Fisk contacted a small time speculator Abel Corbin, who happened to be married to President Grant's younger sister, to come to their aid. Corbin used his influence to introduce Fisk and Gould to President Grant. Fisk pleaded with the President that selling gold into the market would bankrupt farmers (voters) and it would be wise to withold any gold sales until after the harvest in late 1869. Grant agreed, and Corbin was told to watch over Grant and make sure no gold sales happened from the Treasury. Gould and Fisk started buying up gold bullion on the New York market, soon the premium over the greenbacks began to rise. Further purchases of gold were ordered by the speculators. The premium for gold rose from 130 percent of par to over 150. Thus $100 worth of gold coins would cost $150 in greenbacks. As more and more speculatiors jumped on the golden bandwagon, the price continued to rise. The market reached a boiling point on September 24, 1869 when the premium of gold to paper hit 162 percent. Meanwhile Grant found out about the plot and ordered a large amount of gold from the treasury to be sold. Almost immediately the premium collapsed back to 130 percent of par, wiping out many speculators. The affair nearly cost Grant the Presidency. September 24th became known as Black Friday. After investigations Grant was cleared of wrongdoing, but never fully recovered the respect he had lost from the American people. Gould and Fisk hired favored lawyers and snuck away with what profits they could. People and their behaviour remain consistent through history. When you hold this fantastic double eagle in your hand just think of all the events it has witnessed.

Pop 1; 2 finer, 1 in 64+, 1 in 65. (PCGS # 99084) Estimate Value $130,000 - 150,000
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Realized
$166,263
Lot 1290
1873. Open 3. PCGS graded MS-63. A nice frosty example with choice surfaces and rich golden eye appeal. The fields are pleasing for the grade, and the devices nicer than commonly seen on this popular Type II issue. Pop 185; 13 finer, 2 in 63+, 10 in 64, 1 in 65+. (PCGS # 8967) Estimate Value $5,000 - 5,500
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Realized
$4,348
Lot 1291
1873. Open 3. PCGS graded MS-62. CAC. PQ. A nice frosty white gem that offers great surfaces for the modest grade and full mint frost. This is an attractive Type II double eagle, and one which is rarely found appreciably finer (PCGS # 8967) Estimate Value $3,000 - 3,200
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Lot 1292
1873. Open 3. PCGS graded MS-61. A Premium Quality coin with bright reflective fields that are quite clean for the grade and too late for CAC sticker (PCGS # 8967) Estimate Value $1,400 - 1,500
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Realized
$1,586
Lot 1293
1873-S. Closed 3. PCGS graded EF-45. A hint of gold tone (PCGS # 8969) Estimate Value $1,100 - 1,150
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Realized
$1,410
Lot 1294
  1873-S. Closed 3. Sharpness of Cleaned Fine. Estimate Value $950 - 1,000
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Realized
$1,234
Lot 1295
1873-S. Open 3. PCGS graded EF-45. (PCGS # 8979) Estimate Value $1,100 - 1,150
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Realized
$1,351
Lot 1296
1874-CC. PCGS graded AU-58. Lovely toning on both sides. Almost mint state with just a hint of rub on the high points of this popular Carson City coin. Clean surfaces too and a pleasing example of this issue. Most of the survivors are well circulated, with mint state pieces prohibitive in price. A high end AU-58 like this is seldom offered or seen, so don\t miss out if you desire an example of this date and mint. Pop 81; 24 finer, 2 in 58+, 9 in 60, 11 in 61, 2 in 62. (PCGS # 8971) Estimate Value $10,000 - 11,000
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Realized
$14,688
Lot 1297
1874-CC. PCGS graded AU-50. A nice bright example with scattered abrasions noted when closely examined. There are a couple of minor nicks on Liberty's jaw as well as one below her eye. The reverse is similar with a sharp strike, ample luster and minor nicks from bag handling and limited circulation. Only a handful of these are known in full mint state, the finest at MS-62. While slightly more available in AU grades, there are still not that many individual coins around. An impressive example of this important early Carson City issue (PCGS # 8971) Estimate Value $4,000 - 4,400
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Realized
$4,700
Lot 1298
1874-S. PCGS graded EF-45. Lightly toned (PCGS # 8972) Estimate Value $1,100 - 1,150
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Realized
$1,351
Lot 1299
1875-CC. NGC graded MS-60. CAC. PQ. Original luster on both sides and rather typical surfaces with scattered moderate abrasiions on both sides. The majority of these 1875-CC double eagles are circulated, but a modest number exist in the lower end grades of Mint State, such as this coin. As a date and mint, this issue is extremely difficult to obtain as MS-63, with finer pieces virtually unobtainable (PCGS # 8974) Estimate Value $9,000 - 10,000
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Realized
$10,869
Lot 1300
1875-CC. PCGS graded AU-55. Very frosty with some mint luster evident. The surfaces show scattered nicks and bagmarks as expected, but the strike is decent and the eye appeal intact after brief circulation. An important Type 2 Carson City double eagle which is highly collectible when found this well preserved (PCGS # 8974) Estimate Value $4,500 - 5,000
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Realized
$4,700
Lot 1301
1875-S. PCGS graded AU-50. Lightly toned (PCGS # 8975) Estimate Value $1,150 - 1,200
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Realized
$1,351
Lot 1302
1876-S. NGC graded AU-58. Mostly untoned. Housed in an Old Style Holder (PCGS # 8978) Estimate Value $1,150 - 1,200
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Realized
$1,340
Lot 1303
1876-S. PCGS graded AU-58. A hint of gold tone (PCGS # 8978) Estimate Value $1,150 - 1,200
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Realized
$1,351
Lot 1304
1876-S. PCGS graded EF-40. A hint of tone (PCGS # 8978) Estimate Value $1,100 - 1,150
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Realized
$1,316
Lot 1305
1876-S. PCGS graded VF-35. Evenly worn (PCGS # 8978) Estimate Value $1,050 - 1,100
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Realized
$1,322
Lot 1306
1877, 1888-S and 1895. PCGS graded all AU-58. Lot of 3 coins (PCGS # 8982) Estimate Value $2,700 - 2,800
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Realized
$1,410
Lot 1307
1877. PCGS graded AU-53. Reflective fields (PCGS # 8982) Estimate Value $1,100 - 1,150
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Realized
$1,351
Lot 1308
1877-CC. PCGS graded EF-40. Even wear and untoned. Only 42,565 struck (PCGS # 8983) Estimate Value $3,500 - 3,700
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Realized
$3,995
Lot 1309
1877-S. PCGS graded MS-62. PQ. A nice example. Pop 319; 47 finer at PCGS. (PCGS # 8984) Estimate Value $2,800 - 2,900
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Realized
$3,525
Lot 1310
1878. PCGS graded MS-61. Lovely light golden toning (PCGS # 8985) Estimate Value $1,500 - 1,600
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Realized
$1,821
Lot 1311
1878. PCGS graded AU-53. Reflective fields (PCGS # 8985) Estimate Value $1,000 - 1,050
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Realized
$1,293
Lot 1312
1878-S. PCGS graded MS-62. CAC. PQ. This is a nice example of a condition rarity that is seldom found this nice, and downright rare appreciably finer. Great luster, clean surfaces and solid eye appeal. Pop 177; 14 finer, 3 in 62+, 10 in 63, 1 in 64. (PCGS # 8987) Estimate Value $6,000 - 6,500
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Lot 1313
1878-S. PCGS graded AU-58. Lots of mint luster visible (PCGS # 8987) Estimate Value $1,100 - 1,150
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Realized
$1,340
Lot 1314
1879-S. PCGS graded AU-58. Nice mint luster (PCGS # 8991) Estimate Value $1,100 - 1,150
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Realized
$1,340
Lot 1315
1880-S. PCGS graded AU-58. CAC. PQ. Lovely golden toning (PCGS # 8993) Estimate Value $1,350 - 1,400
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Realized
$1,381
Lot 1316
1880-S. PCGS graded AU-55. Frosty and light golden toning (PCGS # 8993) Estimate Value $1,100 - 1,150
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Realized
$1,340
Lot 1317
  1880-S and 1903-S. Both coins will grade Cleaned VF. Lot of 2 coins. Estimate Value $1,800 - 1,900
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Realized
$2,409
Lot 1318
1881-S. PCGS graded AU-58. CAC. Nice golden toning (PCGS # 8995) Estimate Value $1,200 - 1,250
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Realized
$1,410
Lot 1319
1882-S. PCGS graded AU-58. Lovely golden toning (PCGS # 8998) Estimate Value $1,250 - 1,300
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Realized
$1,351
Lot 1320
1882-S. PCGS graded MS-60. A nice lightly toned coin (PCGS # 8998) Estimate Value $1,150 - 1,200
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Realized
$1,352
Lot 1321
1882-S. PCGS graded AU-58. Frosty and untoned (PCGS # 8998) Estimate Value $1,250 - 1,300
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Realized
$1,381
Lot 1322
1883-S. PCGS graded MS-61. Nicely toned (PCGS # 9000) Estimate Value $1,500 - 1,600
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Realized
$1,381
Lot 1323
1884-CC. PCGS graded MS-61. A nice mint state coin. Only 81,139 struck and precious few survive in mint state like this one. An impressive coin for the Carson City collector. Scarce. Pop 147; 82 finer, 76 in 62, 6 in 63. (PCGS # 9001) Estimate Value $11,000 - 12,000
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Realized
$10,575
Lot 1324
1884-CC. PCGS graded MS-61. Very frosty and attractive for this popular Carson City Mint issue. Few offer this degree of full mint luster and sharp strike. Here is one that does, so make sure to examine closely and enjoy the many charms of this particular coin. A scarce date that is tough to find this nice, and downright tough appreciably finer. Only 81,139 struck. Pop 147; 82 finer, 76 in 62, 6 in 63. (PCGS # 9001) Estimate Value $11,000 - 12,000
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Realized
$10,575
Lot 1325
1884-S. PCGS graded MS-61. A nice untoned coin. Housed in an Old Green Holder (PCGS # 9002) Estimate Value $1,300 - 1,350
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Realized
$1,469
Lot 1326
1889-CC. PCGS graded AU-53. CAC. Mostly untoned with ample luster in the fields and a bold strike. The uppermost hair curls show a touch of minor wear, but the eye appeal remains strong and inviting. Always in high demand for the prized Carson City Mintmark and appealing for the surfaces, quality and eye appeal. Only 30,945 struck (PCGS # 9011) Estimate Value $5,000 - 5,500
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Realized
$6,228
Lot 1327
1889-S. PCGS graded MS-63. Rich golden toning. Prooflike fields on both sides. Housed in an Old Green Holder and rarely are these early San Francisco issues found with this degree of reflectivity, clearly an early strike from the dies (PCGS # 9012) Estimate Value $3,500 - 3,800
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Realized
$4,348
Lot 1328
1890-CC. PCGS graded VF-35. Even wear. Mostly untoned. Only 91,209 struck (PCGS # 9014) Estimate Value $2,300 - 2,400
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Realized
$2,938
Lot 1329
1890-S. PCGS graded MS-63. Lovely original toning. Housed in an Old Green Holder and a pleasing example in every regard. Handsome quality like this never goes out of style. Pop 188; 74 finer at PCGS. (PCGS # 9015) Estimate Value $3,000 - 3,300
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Realized
$4,230
Lot 1330
1892-CC. PCGS graded MS-62. PQ. Lovely golden toning over lustrous surface. The fields and devices show full luster and are attractive as they lack the deep or detracting marks that are so often found on these Carson City double eagles. Although the mintage was more than many Carson City coins, there's not a lot of mint state surviors, so if you have been seeking a pleasing example, look no further than the present coin. Semi reflective fields. Only 27,265 struck. Pop 51; 7 finer, 2 in 62+, 5 in 63. (PCGS # 9020) Estimate Value $25,000 - UP
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Lot 1331
1892-CC. PCGS graded AU-55. Lovely golden toning on both sides with scattered light marks that blend into the fields and devices. Pleasing surfaces for a gently circulated Carson City $20, and much nicer than often seen for this issue. Scarce and in high demand when found this nice. Only 27,265 struck, from which approximately 1,500 are known in all grades today (PCGS # 9020) Estimate Value $4,000 - 4,250
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Realized
$5,288
Lot 1332
1892-CC. PCGS graded AU-55. Plenty of frosty mint luster still intact. Only 27,265 struck. Consigned too late for CAC sticker (PCGS # 9020) Estimate Value $4,000 - 4,250
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Realized
$5,141
Lot 1333
1893-S. PCGS graded MS-61. Rich golden toning. Housed in an Old Green Holder (PCGS # 9024) Estimate Value $1,100 - 1,150
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Realized
$1,410
Lot 1334
1894 and 1907 Liberty. PCGS graded both MS-62. Lot of 2 coins (PCGS # 9025) Estimate Value $2,300 - 2,400
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Realized
$2,703



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