Lot 3442
1879-S $20 Liberty. PCGS graded MS-62. Well struck and mostly untoned. A few obverse field marks otherwise a point better. Rare in choice Uncirculated. Radiant and exhibiting little if any color other than light pale pinkish gold, the natural beauty of the 90% gold, 10% copper alloy. In short, a winning example of this much scarcer early date S-mint issue. The Type 3 design (with TWENTY DOLLARS fully spelled out on the reverse) appeared for the first time in 1877. Nominally, gold double eagles rarely circulated, except West of the Rocky Mountains. In the more populated Eastern sections of the country, their use was mainly as backing or reserves at the nation's banks, or for use in transactions with Europeans, the Orient trade, or with South American business interests. Millions were exported, to be later melted. All too few 1879-S double eagles exist now in fresh Mint State condition like the coin offered in this lot. A true find for the collector. Pop 45; 3 in 63, and 1 in 64 (PCGS # 8991) .
Estimated Value $8,000 - 9,000.
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| Realized $9,775 |
