Goldberg Coins and Collectibles

Sale 72

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Lot 1827

1861-S. PCGS graded AU-58. CAC Approved. A lovely frosty untoned coin. The Double Eagles, whose net gold content is .9675 of an ounce, actually weigh more than an ounce, because they have copper alloy in them to make them durable in circulation and not easy to damage. At the time they were current (1850-1933) the gold "standard" equated to $20.67 per ounce. This is one of the desirable Type 1 pieces with the denomination abbrievated TWENTY DOL. and an absence of the now-familiar motto IN GOD WE TRUST which did not appear until 1866 (PCGS # 8935) .
Estimated Value $3,800 - 4,000.

Realized $6,038

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