Lot 2538
1875-S $20 Liberty. PCGS graded MS-61. A hint of light golden toning. After the montary inflation of the Civil War and later "greenback" period, the government began, in 1875, to reestablish conditions for returning to a hard-money backed financial system. Silver coin production rose in 1873-77 while the gold market also stabilized against the firming paper money issues. This lovely frosty 1875 San Francisco Mint twenty played its part in the stabilizing process. It was no doubt employed in a banker's vault to back the deposits and paper money outstanding. In those days, $20 went a long way. Pop 192; 94 finer. (PCGS # 8975) .
Estimated Value $900 - 1,000.
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| Realized $1,323 |
