Lot 3420
1862-S $20 Liberty. NGC graded MS-60. Untoned reddish gold luster with a few light bagmarks on the face and in the fields. This is a very sharply struck example with frosty surfaces. Only a few very minor abrasions are noted, consistent with the MS60 grade. While not great rarity in comparison to other dates in the 1860s, this is nevertheless an elusive double eagle. The 1862-S issue was struck using a four-digit logotype for the date, and all seen employ a medium S mintmark. The importance of the Gold Standard in the 19th century has been more or less forgotten now that we are closing in on 75 years since President F. D. Roosevelt took away the gold backing from America's money. Three generations of Americans have grown up unfamiliar with gold coins in their pockets. All we have today are these few handsome $20 gold pieces as memories which would otherwise be as dim as those of the political figures who strutted for a time across the stage in that bygone era. Pop 5; 27 finer, 13 in 61, 12 in 62, 2 in 63 (PCGS # 8938) .
Estimated Value $6,500 - 7,000.
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| Realized $8,338 |
