Lot 4769
1868-S $20 Liberty. NGC graded AU-55. Moderate bag marks, but with ample luster remaining in the main devices and around the stars, date and legends. Perhaps 40% luster coverage. The San Francisco Mint, oblivious to the troublesome Eastern situation where the government was endeavoring to stabilize the gold prices versus the fiat greenbacks, and succeeding none too successfully, kept right on issuing double eagles throughout the 1860s, Civil War or no Civil War, fiat money or no fiat money. Many S-mint $20 gold pieces were destined to be exported to pay for finished goods and raw materials from Asia. This accounts for their scarcity in high grades today (PCGS # 8954) .
Estimated Value $1,500 - 1,600.
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| Realized $2,128 |
